The global turmoil stemming from the Trump administration is strengthening the EU’s commitment to sign a defence and security pact with the UK, enabling British arms companies to engage in joint procurement. This agreement, set to be finalized at a summit hosted by UK Prime Minister Sir Keir Starmer, aims to enhance European defence capabilities amidst rising tensions and re-armament discussions following Trump’s NATO threats and Russian overtures. While addressing broader geopolitical issues, the pact’s success hinges on resolving contentious topics like fishing rights, which some EU states see as a potential obstacle to vital security collaborations.
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Germany to boost defence spending at faster rate than France or UK
Germany plans to increase its defense spending by over 66% by 2029, reaching €162 billion, as Chancellor Friedrich Merz responds to threats from Russia and the U.S. This includes annual military aid to Ukraine and aims to elevate defense spending to about 3.5% of GDP, surpassing France and the UK, while also implementing significant infrastructure investments and tax breaks to stimulate growth. Need More Context? 🔎
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