Re: Today's Doom & Gloom - House Prices Dropping.
Originally Posted by
Tedc
->
Now we seem to be denied access to the Military part of the Satellite business.
Won't be getting back our share of the funding.
Still, we're probably OK as the Techies are likely to be in the UK.
Wonder what threats will be released tomorrow!
The wonderful days of lighthouses are over.
PESCO is intended as a mechanism through which to deepen defence cooperation amongst capable and willing EU Member States, specifically in capabilities development.
As noted above, any capabilities and assets developed under PESCO will remain under the ownership and control of the participating EU Member States, and will be made available to NATO and UN operations. It will not give the EU control over individual nations’ armed forces, including the UK.
As a voluntary mechanism the UK does not have to participate in PESCO. Indeed, it did not sign the Joint Notification on 13 November 2017.
Outside of the PESCO mechanism, however, the UK will have no decision-making rights or any veto over its future strategic direction, which has been openly acknowledged as greater EU integration in the field of defence.
Post-Brexit the Government has stated that it wishes to retain some sort of defence and security relationship with the EU, and specifically in capabilities development. It has long made clear its preference to keep the option of third party participation in PESCO, on a project-by-project basis