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EU to exclude US, UK and Turkey from €150bn rearmament fund (www.ft.com)

submitted 1 day ago by [email protected] to c/[email protected]

16 comments fedilink hide all child comments

cross-posted from: https://sopuli.xyz/post/24105021

Archive: https://archive.is/2025.03.19-115656/https://www.ft.com/content/eb9e0ddc-8606-46f5-8758-a1b8beae14f1

The planned fund for capitals to spend on weapons would only be open to EU defence companies and those from third countries that have signed defence agreements with the bloc, officials said on Wednesday.

It would also exclude any advanced weapons systems upon which a third country had “design authority” — restrictions on its construction or use of particular components — or control over its eventual use, the officials added.

That would exclude the US Patriot air and missile defence platform, which is manufactured by defence contractor RTX, and other US weapons systems where Washington has restrictions on where they can be used.

The policy is a victory for France and other countries that have demanded a “Buy European” approach to the continent’s defence investment push, amid fears over the long-term dependability of the US as a defence partner and supplier sparked by President Donald Trump.

At least 65 per cent of the cost of the products would need to be spent in the EU, Norway and Ukraine.

EU member states would not be able to spend the money on products “where there can be a control on the use or the destination of that weapon . . . It would be a real problem if equipment acquired by countries cannot be used because a third country would object,” one of the officials said.

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[–] [email protected] 5 points 18 hours ago (1 children)

The UK had an exemption on the participation with the Euro, solely because they were involved with the founding of the EU. That exemption will not be granted again, which means the UK would have to switch from the British Pound to the Euro and that will take time, 2 years minimum I reckon

[–] [email protected] 1 points 41 minutes ago

I'm not sure.. Obviously the EU would push for that, but it would be a hard sell to the voting UK public and its a win-win situation even with the same concessions as before.