Germany not ruling out joining Carney’s defence bank, says German official

Berlin turned down the concept of a new financing instrument for the defence industry last year, but German parliamentarian Stefan Rouenhoff says its experts are holding discussions with Canadians, and a decision has not yet been made.

Prime Minister Mark Carney advocated for the defence bank in his meeting with Germany Chancellor Friedrich Merz on the margins of the G7 Leaders’ Summit in France in June. The Hill Times photograph by Andrew Meade

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BY RIDDHI KACHHELA

July 2, 2026

MONTREAL—The German government has not ruled out joining Prime Minister Mark Carney’s new Defence, Security, and Resilience Bank, says a prominent German parliamentarian, after Berlin turned down the concept last year.

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