Merz: Canada submarine deal good news for German economy, collective security
07/07/2026 11:35
Merz: Canada submarine deal good news for German economy, collective security BERLIN, July 7 (Reuters) - Chancellor Friedrich Merz said on Tuesday that Canada's decision to select Germany's TKMS to build up to 12 submarines for its navy was "good news" for Germany's economy and collective security within NATO.
"With this news, we will be sending a strong signal in support of transatlantic and European cooperation at the start of the summit," he said in Berlin, referring to a NATO summit in Ankara starting on Tuesday.
"For this is truly a strategic initiative that will bind Canada, Germany and Norway together as partners in the North Atlantic region for decades to come," he added.
(Writing by Friederike Heine, editing by Kirsti Knolle)
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