The European Commission’s defence loans programme has received bids well above the expected amount of €150 billion. This programme aims to provide loans to EU countries for the purchase of military equipment and technology, in an effort to boost the EU’s defence capabilities. The exact amount of bids has not been disclosed, but it is expected to be significantly higher than the initial estimate. The Commission has stated that this overwhelming response shows the strong interest and commitment of EU countries to invest in their defence. This programme is part of the EU’s efforts to increase its defence autonomy and reduce reliance on non-EU countries for military equipment.