Germany turns down idea of new multilateral defence bank
Germany has turned down the idea of a new multilateral defence bank, dealing the latest blow to duelling proposals to create a global state-backed lender to help rearm European and NATO member countries. The post Germany turns down idea of new multilateral defence bank appeared first on Reuters Best.
Germany has turned down the idea of a new multilateral defence bank, dealing the latest blow to duelling proposals to create a global state-backed lender to help rearm European and NATO member countries.
Why it matters
Pressure remains firmly on Europe to increase its defence capabilities. Pentagon officials told diplomats in Washington last week that the United States wants Europe to take over the majority of NATO’s conventional defence capabilities, from intelligence to missiles, by 2027.
The post Germany turns down idea of new multilateral defence bank appeared first on Reuters Best.
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