this post was submitted on 02 Dec 2025
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Canada joins EU defense fund as the country pivots away from the US (apnews.com)
submitted 1 day ago by Sepia@mander.xyz to c/canada@lemmy.ca
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cross-posted from: https://mander.xyz/post/42897886

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Canada has joined a major European Union defense fund, Prime Minister Mark Carney’s office said Monday, as the country looks to diversify its military spending away from the United States.

The plan allows Canadian defense companies access to a 150 billion euro ($170 billion) EU loan program, known as Security Action for Europe, or SAFE. That would allow Canadians firms to secure cheap, EU-backed loans to procure military equipment.

“Canada’s participation in SAFE will fill key capability gaps, expand markets for Canadian suppliers, and attract European defense investment into Canada,” Carney said in a statement.

Canada is the first non-EU country to gain access.

Carney has said he intends to diversify Canada’s procurement and enhance the country’s relationship with the EU. He has previously said that no more will over 70 cents of every dollar of Canadian military capital spending go to the U.S.

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[–] CouldntCareBear@sh.itjust.works 7 points 22 hours ago

Petty protectionism dominating EU policy even in the midst of existential threat from Russia. Absolutely pathetic.

https://www.euractiv.com/news/canada-to-pay-e10-million-for-preferential-access-to-eu-funded-defence-deals/

The EU wanted Britain to pay 6 billion to join the scheme on equal terms and they walked. Then the EU let's Canada join for 10 million. So Britain is expected to pay 600 x the amount Canada pays. Does that seem reasonable to anyone?

I mean if that doesn't tell you that Europe is simply not serious about its defence then consider that they also wanted Britain to give France the rights to fish its waters as part of the deal. Finally getting serious about defending Europe but first let's talk about fish... It's an absolute joke.

While Europe is facing existential threat the EU is bickering with it's closest allies over bullshit. It's core members are putting their own national interests above the security of the entire continent and I think it's absolutely damning of the EU's ability to navigate this kind of situation where we need decisive and selfless leadership.

Glad to see Canada involved though.