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Germany Rejects Defense Bank, Relying on SAFE Scheme

12/11/2025

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Summary

Story summary

Germany rejected a proposal for a new multilateral defence bank and will rely on existing instruments, the Security Action for Europe (SAFE) scheme, which offers loans for joint procurement.
Britain distanced itself from the DSRB proposal, and German officials say they can secure market refinancing without a multilateral bank.
The United States urged Europe to assume responsibility for NATO's conventional defence by 2027, putting pressure on Europe to bolster capabilities.

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Story summary

Germany rejected a proposal for a new multilateral defence bank and will rely on existing instruments, the Security Action for Europe (SAFE) scheme, which offers loans for joint procurement.
Britain distanced itself from the DSRB proposal, and German officials say they can secure market refinancing without a multilateral bank.
The United States urged Europe to assume responsibility for NATO's conventional defence by 2027, putting pressure on Europe to bolster capabilities.