Costa Predicts UK and EU Deal on SAFE Defence Fund

EU Council President Antonio Costa expects a deal with Britain on the SAFE defence fund. He cited improving ties and a post-Brexit reset as grounds for a deal.

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European Council President Antonio Costa has expressed confidence that the United Kingdom and the European Union will finalize an agreement regarding British participation in the multi-billion-euro SAFE defense fund. Despite a breakdown in negotiations last November, Costa suggested that the diplomatic climate has shifted significantly. The initial attempt to include the British government in the 150 billion euro ($174 billion) fund stalled after Prime Minister Keir Starmer declined to provide a specific financial contribution for membership.

British Prime Minister Keir Starmer and European Council President Antonio Costa shake hands at Downing Street in December 2024. REUTERS/Hannah McKay/File Photo
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