A New Transatlantic Defense Partnership is taking shape, as the EU and Canada move to Align their Security Spending. Officials on both sides Confirmed that an Agreement has been Reached, Opening the Door for Ottawa to take part in Europe’s €150 Billion SAFE Financing System.
The Announcement, issued Monday, sets the Stage for Deeper Co-Operation at a Time when both Regions are Navigating Shifting Geo-Political Pressures.
European Commission President Ursula von der Leyen and Canadian Prime Minister Mark Carney, said in a Joint Statement that the Deal represented “the next step in our deepening cooperation and symbolic of the shared priorities of the European Union and Canada”.
They Argued that the SAFE Mechanism offers a Tool for Partners to Coordinate Defense Investments while Responding to both, Immediate Threats and Structural Challenges. “In these geopolitically turbulent times, (SAFE) is a means to increase cooperation, meet defense targets and spend better, as we address short-term urgency and long-term needs,” the Statement said.
The Two Leaders added that the Initiative would Help “create resilient defense supply chains between our industries at a crucial time for global security.”
NYC Wins When Everyone Can Vote! Michael H. Drucker
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