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Canada just moved closer to Europe’s defense industrial base. We break down the EU’s €150B SAFE program, how Canada got in, and what this means for NATO power dynamics—plus how this shifts leverage around Trump’s burden‑sharing push, with context from Paul Krugman’s broader work on transatlantic economics and security. What you’ll learn: What the EU SAFE (€150B) program actually funds—and why it exists now Why Canada is the first non‑EU participant, what Ottawa pays, and what it gains How this could rewire NATO procurement and U.S. defense industry influence The politics: European strategic autonomy, Trump’s NATO stance, and Krugman’s economic lens on burden‑sharing Why it matters: Canadian firms get access to EU defense supply chains (submarines, cyber, advanced systems) Joint procurement and low‑interest financing could shift who builds what—and where Signals out of the Munich Security Conference point to a new transatlantic balance Timestamps: 00:00 Canada–EU SAFE deal explained 02:11 Costs vs. benefits for Canada 04:35 NATO implications and European autonomy 07:02 Trump’s NATO pressure and U.S. industry impact 09:18 Where Paul Krugman’s analysis fits 11:00 Winners, losers, and what to watch next Note: We reference Paul Krugman’s published views on NATO burden‑sharing and EU–U.S. economic dynamics for context; no claim is made that he specifically commented on this SAFE agreement. Support the channel: Subscribe for daily geopolitics and markets breakdowns Comment: Does this deal strengthen NATO—or sideline U.S. influence? Share with someone following EU defense or Canadian policy Join our newsletter for sources, charts, and follow‑ups 🌍 #breaking #canadanews #EU #NATO #Trump #worldnews #geopolitics #defense #news