EU to exclude US, UK and Turkey from €150bn rearmament fund

• Von der Leyen says €150bn defence loans should be spent in Europe

  Funds to be used on weapons from EU and like-minded European nations such as UK, Norway and Switzerland
  
  Financial Times - Mar. 11

• France and Germany clash over ‘buy EU’ weapons

  Berlin says new €150bn funding for defence industry should be open to non-EU partners, but Paris disagrees
  
  Financial Times - Mar. 8
• 

  UK Treasury omits defence from National Wealth Fund priority sectors

  Decision comes even as government joins other European countries in seeking to raise military spending
  
  Financial Times - 3h
• 

  Countries must bolster climate efforts or risk war, Cop30 chief executive warns

  Ana Toni also criticises the UK’s plans to slash overseas aid to fund defence spending. Countries looking to boost their national security through rearmament or increased defence spending must also ...
  
  The Guardian - 1d
• 

  French politician jokes US should return Statue of Liberty for siding with ‘tyrants’

  Raphaël Glucksmann quips that US should give back 19th-century gift from France over Trump’s approach to Ukraine. A French European parliament member has quipped that the US should return the ...
  
  The Guardian - 1d
• 

  ‘Nothing is off the table’ on EU defence funding, says Ursula von der Leyen

  Commission president says ‘something fundamental’ has shifted and democracy and rule of law are under threat. “Nothing is off the table” when it comes to raising money for defence, the head of the ...
  
  The Guardian - Mar. 9

• Why Brussels’ €150bn defence pot is a test case for the EU’s arms strategy

  Also in this newsletter: A dangerous drug addiction, and Russia’s reliance on Chinese cars
  
  Financial Times - Mar. 10

• No European defence without Germany

  The rapid action by Friedrich Merz in the face of Donald Trump’s disruption highlights how the continent’s leaders need strategy as well as spending
  
  Financial Times - Mar. 8
• 

  Merz presses Greens to name their terms for German defence spending rise

  ‘What more do you want from us?’ asks chancellor-in-waiting as he seeks urgent support for fiscal rule changes. Germany’s chancellor-in-waiting has tried to win over the Greens to his ambitious but ...
  
  The Guardian - 6d

More from Financial Times

• 

  UK Treasury omits defence from National Wealth Fund priority sectors

  Decision comes even as government joins other European countries in seeking to raise military spending
  
  Financial Times - 3h
• 

  BYD’s 5-minute charge: is time running out for electric-vehicle rivals?

  Chinese carmaker’s second shock announcement of the year could put others out of business, say analysts
  
  Financial Times - 3h
• 

  Europe is only half-awake from its long sleep

  Talk of Donald Trump bringing the continent together is absurdly premature
  
  Financial Times - 5h
• 

  The war on encryption is dangerous

  Government demands to access encrypted data via back doors will leave it vulnerable to hacks, breaches and theft
  
  Financial Times - 2h
• 

  Fed to decide on rates as Trump’s tariffs cloud economic outlook

  Chair Jay Powell faces message challenge as central bank prepares to release new ‘dot plot’
  
  Financial Times - 28m

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