Britain floats joint plan with Europe to fund 'large-scale rearmament'

[rangerrebew]

Britain floats joint plan with Europe to fund 'large-scale rearmament'
Story by Kumail Jaffer • 2h

The UK could establish a 'supranational institution' with European nations to help finance a significant boost in defence spending across the continent.
 
Treasury officials have drawn up plans for a multilateral fund that would allow nations to borrow money for defence spending at favourable rates and purchase weapons for a common stockpile.

Backed by equity and sovereign guarantees from the coalition of countries involved, the new fund would both lend money for defence projects and enable the acquisition of military assets that could be used by any participating nation.

The paper, which was sent to European officials last week, suggests the fund could run up to 'hundreds of billions of euros', according to the Financial Times.

https://www.msn.com/en-us/money/markets/britain-floats-joint-plan-with-europe-to-fund-large-scale-rearmament/ar-AA1CcRbW?ocid=widgetonlockscreen&cvid=c073a9451ca84293b7946fb3cc66c872&ei=105

[rangerrebew]

Somehow, I'm not sure the other two Muslim nations in the EU, France and Germany, will buy into it.

[Canuck Conservative]

Somehow, I'm not sure the other two Muslim nations in the EU, France and Germany, will buy into it

Well they obviously have to do something

The US is withdrawing, and Russia is still a malicious menace

Given that, doing nothing is not a realistic option for survival

[Right_in_Virginia]

Well they obviously have to do something

The US is withdrawing, and Russia is still a malicious menace

Given that, doing nothing is not a realistic option for survival

Can't Canada step up and fill the void?