Published by Global Banking & Finance Review®
Posted on February 13, 2026
1 min readLast updated: February 13, 2026
Add as preferred source on GoogleKier Starmer suggests a multinational defence initiative to cut costs and improve cooperation, to be discussed at the Munich Security Conference.
(fixes spelling of Keir Starmer's first name)
Feb 13 (Reuters) - British Prime Minister Keir Starmer is set to make the case for the UK and its Western allies to forge a multinational defence initiative that could oversee joint weapons procurement and drive down the costs of rearmament, the Financial Times reported on Friday citing UK government officials.
(Reporting by Hyunsu Yim in Barcelona; Editing by Christopher Cushing and Kevin Liffey)
The SAFE fund is a European Union initiative designed to support defence projects through financial contributions from member states, aimed at enhancing the EU's collective security and defence capabilities.
Rearmament refers to the process of rebuilding or expanding a country's military capabilities, often in response to perceived threats or changes in the security environment.
The European Commission plays a key role in coordinating defence initiatives and funding within the EU, facilitating collaboration among member states to strengthen collective security and defence efforts.
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