Canada Joins EU’s SAFE Defense Initiative

Canadian and EU flags

Canada has become the first non-EU country to join the Security Action for Europe program.

Credit: Designer491/Alamy Stock Image
Canada has joined the €150 billion ($174 million) Security Action for Europe (SAFE) program, a new financial instrument to help EU member states boost spending on common defense procurement through the end of the decade. Loans granted to EU members through SAFE will be secured via Brussels’ budget...
Matthew Fulco

Matthew Fulco is Business Editor for Aviation Week, focusing on commercial aerospace and defense.

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