Europe Gears Up for Giant Defense Spending Increase

The EU states are planning massive arms spending - also to become more independent from the US. Where are the biggest military gaps? And what projects would be a waste of money?

Can Europe Ever Catch Up On Defense Spending: US Spent $8.4 Trillion In Past Decade... Rest Of NATO Just $3.8 Trillion

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

The deteriorating security situation has led European politicians to spend large sums of money on defense upgrades – investments that have consequences for the entire economy. – The uncertainty makes households and companies cautious, which is negative for growth, says Robert Bergqvist, senior economist at SEB and guest at Ekonomibyrån.

The French government on Saturday called on the European Union to "gain full autonomy" in the field of defense, saying it wants to mobilize more private investment in the sector, ahead of a summit in Brussels on Thursday dedicated to Ukraine and...

European states are among the richest in the world, but the equipment of their armies does not match this. It is not just low defence budgets behind this, but fragmented arms production and the promotion of national interests. But European politicians believe that joint purchases and joint development of military equipment will help.

The little country with Europe's smallest army - just 939 people and 2 choppers

As the Transatlantic relationship with the US lays in tatters, many European nations have begun wondering who will defend them in the event of an invasion.