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Euronews
Euronews
Quirino Mealha

A World Bank for defence? The lender that Europe's big powers have yet to join

European Union Europe NATO Mark Carney ING Canada Donald Trump G7 Rachel Reeves Starmer

A cluster of mostly smaller NATO allies has committed to a new institution built to finance the West's military build-up, though the hesitancy of Europe's heavyweight nations casts doubt over how much financial firepower it can ultimately command.

Canadian Prime Minister Mark Carney announced the nine founding backers of the Defence, Security and Resilience Bank (DSRB) at the NATO summit in Ankara on Tuesday, calling it a foundation for the allies' collective security.

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