German industry groups urge Berlin to join proposed Canada-led defence bank

Reuters reports that German business and industry associations urged Berlin to join the proposed Defence, Security and Resilience Bank, arguing membership would address financing gaps and protect access to future projects. The Canada-led bank would provide long-term, low-cost financing. The groups warned that its planned rules could give firms from member countries preferential access to bank-funded projects. A German finance ministry spokesperson told Reuters that Germany was observing talks on the bank’s charter and reviewing open questions.