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Britain this week will participate in EU leaders in groundbreaking talking about the setting of European fund arrangements, because the continent struggle with a form of a US security blanket.
The UK Chancellor Rachel Reeves will discuss addresses to other European financial ministers in Cape Town this weekend.
“It can be a fund or a bank. For example, have a concept of Relaying BankWe also considered, “said” Polic pinyinte financial minister Andrzej Domanski.
Domanski tells the financial time that discussions occur in the UK in months, increases: “Without Great British, European defense is difficult to imagine.”
The UK Treasury confirmed that the reeves “raised the defense ‘financial suggestions of his Europeans” in G20, but said the talks at an early stage.
Donald Trump has requested European insilants that add defenses to spend 5 percent of GDP, from a target of 2 percent who have not reached US protection.
The US president’s rapid involvement with Russia, a country seen in most European countries, how to discuss the capabilities in European defense and decreasing trust in American troops and weapons.
To Sunday Incoming Chancellor in Germany Friedrich Merz It is pronounced that Germany is the main change of its security arrangements and ends a decade of Washington, which Trump said “on the continent” achieve freedom “.
Collective European defense spending was broadly discussed during a call this weekend Between European Commission President UK Prime Minister Keir Starmer, and a separate call between Von der Leyen and Norway’s Prime Minister Jonas Gahr Støre, according to a person briefed on the Discussions.
European countries seek for ways to increase defense capabilities at a time of strictly controlling the national budget. By examining national warranty, a bank will allow countries to develop expenditure without increasing their sheets of balance above.
The UK is seeking ways of increasing defense expenditure from 2.3 percent of GDP to 2.5 percent, cost of the prosecutor’s progress.
Among the suggestions from General Sir Carter, former British military president, suggesting a “rearmament bank” in European development and development of the iron veil and eastern advancement Europe.
“The treasury is interested in it,” said a man involved in the Reeves team’s discussions. However Treasury officials say there are many models of multilateral financing on the table and that the reeves have an open mind in the next steps.
Experts say a benefit for the reeves of “rearmament bank” so it can lighten the effect of spare defense to spend the rules of fiscal.
Andy King, a former UK officer currently in Clint Global, a consultancy, says a bank has the potential to raise “meaningful resources for defense with no material that has no material impacting Signature of fiscal “. He added: “That is not a specific outcome: Detail is important in terms of the entity and how it is used to lend capacity.”
The EU leaders who meet in the late March will discuss the needs of defense, and Poland’s purpose is to develop the funds in April, ahead of a decision of leaders in June.
The European Commission says this month is EU’s financial rules to allow countries to invest in defense, one step to allow countries to borrow without penalties.
Von Der Leyen also opens the door to “Common European Financing” of common defense projects, and expected details of the March fund options.
