Discussion
Loading...

Post

Log in
  • About
  • Code of conduct
  • Privacy
  • Users
  • Instances
  • About Bonfire
Nonilex
Nonilex
@Nonilex@masto.ai  ·  activity timestamp 4 weeks ago

#Trump just keeps tanking #US world standing…

#Canada joins #EU defense fund as the country pivots away from the US

Canada has joined a major European Union defense fund, PM Mark Carney’s office said Monday, as the country looks to diversify its military spending away from the United States.

The plan allows Canadian #defense companies access to a €150B ($170B) EU loan program, known as Security Action for Europe, or #SAFE.

#geopolitics
https://apnews.com/article/canada-eu-defense-fund-3ea41b8e57020579745c3c2dc8152c59

  • Copy link
  • Flag this post
  • Block
Nonilex
Nonilex
@Nonilex@masto.ai replied  ·  activity timestamp 4 weeks ago

The plan would allow Canadian firms to secure cheap, #EU-backed loans to procure #military equipment.

#Canada is the first non-EU country to gain access.

Carney has said he intends to diversify Canada’s procurement & enhance the country’s relationship with the EU. He has previously said that no more will over 70 cents of every dollar of Canadian military capital spending go to the #US.

#geopolitics

  • Copy link
  • Flag this comment
  • Block

bonfire.cafe

A space for Bonfire maintainers and contributors to communicate

bonfire.cafe: About · Code of conduct · Privacy · Users · Instances
Bonfire social · 1.0.1-alpha.41 no JS en
Automatic federation enabled
Log in
  • Explore
  • About
  • Members
  • Code of Conduct