Increased Defense Spending from NATO Nations
Canada and its European NATO allies are set to significantly enhance their defense expenditures, a commitment that will be reiterated by alliance leaders during their upcoming summit in The Hague, beginning Wednesday, reports 24brussels.
European Council President António Costa remarked at a press conference following the summit that “While NATO remains the cornerstone of our collective defense, this partnership will allow us to strengthen our preparedness faster and better — to invest more and smarter.”
Additionally, Commission President Ursula von der Leyen emphasized that this partnership would bolster Canada’s involvement in Europe’s swiftly changing defense framework, stating, “It’s just the beginning.”
She further noted, “It will be beneficial for our industries, advantageous for our citizens, and instrumental for enhancing transatlantic security.”
Von der Leyen also expressed that Carney was “among friends” while in Brussels.
A joint statement released on Monday evening disclosed that Ottawa will collaborate with Brussels on a bilateral agreement concerning the EU’s €150 billion Security Action for Europe (SAFE) initiative. This program, designed for EU nations and close partners, provides loans to member countries for arms purchases and allows other nations to engage in collective procurement efforts.
