Latest news with #SecurityActionforEurope
Yahoo
5 days ago
- Business
- Yahoo
European Union leaders say Canada will sign a defence procurement pact this month
KANANASKIS — European Union officials say Canada is likely to sign a defence procurement agreement with the continent when Prime Minister Mark Carney goes to Brussels later this month. Carney is set to visit Brussels on June 23 for the Canada-EU summit, where he will meet with European Commission President Ursula von der Leyen and European Council President António Costa. Attending the G7 summit in Alberta today, both EU leaders say Canada's involvement in what they call Europe's "rapidly evolving defence architecture" is set to deepen. Von der Leyen says Canada will sign a security and defence partnership with the EU which will allow it to join a European loan program for joint defence projects. The 150-billion euro program is called Security Action for Europe, or SAFE, and is part of the ReArm Europe initiative that Carney says he wants Canada to join. Von der Leyen says the SAFE program can be joined by Europe's "very close allies, friends and partners" and the deal this month will allow for negotiations on bringing Canada into the program. This report by The Canadian Press was first published June 16, 2025. Dylan Robertson, The Canadian Press Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Global News
5 days ago
- Business
- Global News
Canada to sign defence procurement pact with EU: officials
European Union officials say Canada is likely to sign a defence procurement agreement with the continent when Prime Minister Mark Carney goes to Brussels later this month. Carney is set to visit Brussels on June 23 for the Canada-EU summit, where he will meet with European Commission President Ursula von der Leyen and European Council President António Costa. Attending the G7 summit in Alberta today, both EU leaders say Canada's involvement in what they call Europe's 'rapidly evolving defence architecture' is set to deepen. 1:49 Carney welcomes U.K.'s Starmer ahead of G7 summit Von der Leyen says Canada will sign a security and defence partnership with the EU which will allow it to join a European loan program for joint defence projects. Story continues below advertisement The 150-billion euro program is called Security Action for Europe, or SAFE, and is part of the ReArm Europe initiative that Carney says he wants Canada to join. Von der Leyen says the SAFE program can be joined by Europe's 'very close allies, friends and partners' and the deal this month will allow for negotiations on bringing Canada into the program.
Hamilton Spectator
5 days ago
- Business
- Hamilton Spectator
European Union leaders say Canada will sign a defence procurement pact this month
KANANASKIS - European Union officials say Canada is likely to sign a defence procurement agreement with the continent when Prime Minister Mark Carney goes to Brussels later this month. Carney is set to visit Brussels on June 23 for the Canada-EU summit, where he will meet with European Commission President Ursula von der Leyen and European Council President António Costa. Attending the G7 summit in Alberta today, both EU leaders say Canada's involvement in what they call Europe's 'rapidly evolving defence architecture' is set to deepen. Von der Leyen says Canada will sign a security and defence partnership with the EU which will allow it to join a European loan program for joint defence projects. The 150-billion euro program is called Security Action for Europe, or SAFE, and is part of the ReArm Europe initiative that Carney says he wants Canada to join. Von der Leyen says the SAFE program can be joined by Europe's 'very close allies, friends and partners' and the deal this month will allow for negotiations on bringing Canada into the program. This report by The Canadian Press was first published June 16, 2025.
Winnipeg Free Press
5 days ago
- Business
- Winnipeg Free Press
European Union leaders say Canada will sign a defence procurement pact this month
KANANASKIS – European Union officials say Canada is likely to sign a defence procurement agreement with the continent when Prime Minister Mark Carney goes to Brussels later this month. Carney is set to visit Brussels on June 23 for the Canada-EU summit, where he will meet with European Commission President Ursula von der Leyen and European Council President António Costa. Attending the G7 summit in Alberta today, both EU leaders say Canada's involvement in what they call Europe's 'rapidly evolving defence architecture' is set to deepen. Von der Leyen says Canada will sign a security and defence partnership with the EU which will allow it to join a European loan program for joint defence projects. The 150-billion euro program is called Security Action for Europe, or SAFE, and is part of the ReArm Europe initiative that Carney says he wants Canada to join. Monday Mornings The latest local business news and a lookahead to the coming week. Von der Leyen says the SAFE program can be joined by Europe's 'very close allies, friends and partners' and the deal this month will allow for negotiations on bringing Canada into the program. This report by The Canadian Press was first published June 16, 2025.
Euronews
10-06-2025
- Politics
- Euronews
Macron says France will ban social media for under-15s if EU does not
President Emmanuel Macron said on Tuesday that France will ban access to social media for children under the age of 15 within "a few months" if this is not done at a European level. "We must ban social media for those under 15," Macron told the public television channel France 2 after a school staff member was stabbed by a 14-year-old student at the entrance to a secondary school in Nogent. "I'm giving us a few months to get the European mobilisation going. start doing it in France. We can't wait," he said. A pupil fatally stabbed a school staff member during a routine bag check at the middle school in eastern France, officials said. The teenager was arrested at the scene. A police officer assisting with the bag checks sustained minor injuries while apprehending the suspect, who used the same knife in both attacks, according to the National Gendarmerie. It's not immediately clear whether the attack was linked to anything the student had seen on social media, or why local media had made the link. This is a developing story and our journalists are working on further updates. The EU is planning to borrow €150 billion on the financial markets for its new lending instrument Security Action for Europe (SAFE). It is one of the pillars of the Readiness 2030 plan, which aims to mobilise €800 billion for defence investment by the end of the decade. "Russia's war in Ukraine and the EU's attempt to support Kyiv really highlighted the dependencies and shortcomings of the EU's defence industrial base and how ill-prepared we were in the event of being forced into a conventional war," said Alice Tidey, a Euronews reporter who covered the announcement. "SAFE is about firing up European weapons manufacturing lines by getting member states to buy strategically and together so that the industry becomes less fragmented and quicker to produce, and our armies, more crucially, become more interoperable. And of course, also, it's about putting prices down," she added. The investments should boost production and procurement of air and missile defence, artillery systems, missiles and ammunition, as well as other crucial military equipment to deal with security threats, including critical infrastructure protection and cyber, artificial intelligence and electronic warfare. "It gives countries the possibility to find money to buy military equipment. It's a beginning and I think it's very good sign," said German MEP Marie-Agnes Strack-Zimmermann from the Renew group. The parliamentarian who chairs the European Parliament's Security and Defense Committee also highlighted that some of the technology could have dual use and be useful for civilian purposes. Euronews spoke to residents in Rome and opinions were divided. 'We need to defend ourselves and the threat is at our doorstep,' said one . 'They shouldn't increase spending for a war that won't happen. This is not our war,' said another resident in the Italian capital, referring to Russia's invasion of Ukraine. In Berlin, the same divisions were evident: 'If the aim is to start another arms race, then I'm not in favour,' said one resident of the German city. 'I'm all for a joint European defence effort, but without going into debt,' said another. Governments will have to repay over 45 years and they can also activate the Stability and Growth Pact's National Escape Clause, which stipulates that budget deficits cannot exceed 3% of GDP. Under SAFE, governments can exceed this figure by 1.5% per year, provided that the amount is spent solely on defence. More than half of member states have requested activation from the European Commission. To receive loans, governments must meet certain conditions: 65% of the value of each piece of military equipment must be produced in one of the 27 EU member states, Ukraine and the European Free Trade Association (EFTA) members Iceland, Liechtenstein and Norway. The remaining 35% can also come from any third country in the world. The common procurement can include EU candidate countries, such as the Western Balkans, and third countries with bilateral security and defence partnerships, such as Japan, South Korea and the United Kingdom. However, the EU remains highly dependent on weapons purchased from the US and the increased investment could be a clear indication of the bloc's commitment to becoming more autonomous, something that President Donald Trump has demanded in the framework of NATO. "I'm optimistic that the President of the US will realise what we are now starting to do," said Strack-Zimmermann. The EU is planning to raise more funds, with the European Commission proposing to use part of the Cohesion Funds, which are intended for regional development. The European Investment Bank will also try to mobilise private funds for this area for the first time. Watch the video here! Journalist: Isabel Marques da Silva Content production: Pilar Montero López Video production: Zacharia Vigneron Graphism: Loredana Dumitru Editorial coordination: Ana Lázaro Bosch and Jeremy Fleming-Jones
