How damaging is the European union’s rejection of the UK’s attempts to join its SAFE programme; SAFE Is the European Union’s new defence funding programme.
The most succinct report that I can find is on Euroweekly News in an article, entitled, “UK excluded from €150bn EU defence deal” which states that,
On November 28, the UK government announced that negotiations to join the EU’s €150 billion Security Action for Europe (SAFE) defence fund had failed, marking a significant blow to what had been billed as a “reset” of UK‑EU post‑Brexit relations.
However, Euroweekly News, also states that SAFE has a 35% access to 3rd party countries, which some might consider generous given that the programme is to be funded by ECB bond issue of €150bn. The cap is however per contract which would, almost certainly, for instance, make selling warships ineligible for SAFE funding, not to mention the fact that numerous EU countries can build both warships and warplanes. The EU were asking for a UK contribution, some might say, a large contribution, to the fund, before lifting the cap to 50%. It also interests me that the whole argument is about selling to the EU, and not the UK buying European weapons, although the Euro benefit to this is massively undermined by the UK decision to buy US warplanes and more US nukes.
The UK proving once again that it is “a nation of shopkeepers” walked away from this deal.
Defence co-operation was meant to be the most advanced topic of the EU-UK May reset agreement. Even with defence on the table, cherry-picking is unacceptable to the European Union as is the UK’s insistence that every deal must benefit the UK.
Image Credit: NATO