EU-UK Defense Loan Talks: Stalemate Over Contribution

EU and UK Stuck in Defense Loan Program Talks: Financial Disagreements Hinder ProgressThe European Union and the United Kingdom are at an impasse over the UKs potential involvement in the EUs €150 billion defense loan program, Security Action for Europe. The UK, hoping to join as part of a post-Brexit relationship reset, has offered a much lower contribution than the EUs asked amount of €4.5-6.5 billion. The main sticking points are the UKs contribution and the required percentage of components produced within the EU. Despite tensions, theres still hope for an agreement before the end of November, but the final outcome may be more limited than initially envisioned.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.