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Big New Canada-German Submarine Deal Funded by New NATO Bank?

Just before flying to the NATO summit in Ankara, Canadian Prime Minister Mark Carney announced that Canada intends to buy 12 non-nuclear submarines from the German producer TKMS (Thyssen Krupp Marine Systems). This concerns submarines of the 212CD class—probably the most modern ones in the world, and certainly among the most expensive ones, with a price of up to 1.7 billion euros per system.

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