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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Headlines

    Posted By Global Banking and Finance Review

    Posted on July 2, 2025

    Featured image for article about Headlines

    BERLIN (Reuters) -Germany and Britain will sign a defence treaty which includes a mutual assistance clause in the event of a threat to either country on July 17, the Politico news outlet reported on Wednesday.

    British Prime Minister Keir Starmer and former German Chancellor Olaf Scholz had made a joint declaration in August, promising closer cooperation on issues from trade to security.

    The broad agreement is being finalised, according to Politico, and a key area is defence.

    It will include a section stating that any strategic threat to one country would represent a threat to the other and the agreement is expected to be signed on July 17, it reported, citing two London-based officials.

    Although both countries are committed to NATO, the defence agreement highlights a shift among European states, including Germany under Chancellor Friedrich Merz, to work more closely together and rely less on the U.S. under President Donald Trump.

    Neither the German defence ministry nor the chancellor's office was immediately available for comment.

    (Reporting by Sabine Siebold and Markus WacketWriting by Madeline ChambersEditing by Rachel More)

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