Post by Ron Keller

At BNR Business News Radio I commented on the Canadian proposal for the upcoming NATO summit to establish a new multilateral bank to finance investments in the defence industries. At first glance a good idea to strengthen the defence sector in Canada and Europe. However, the key problem in those countries is not lack of financing, but the fragmentation of NATO's defence markets. National interests and protectionism prevail, resulting in inefficient procurement, higher than needed costs, and a prolongation of dependence on the US for larger weapon systems. Additionally, last year the EU already established its almost similar SAFE program. Article and audio clip below, 7 min in Dutch. #geopolitics #nato #eu #bnr #speakersacademy #npo #defensie