| Autor: |
Fiott, Daniel |
| Předmět: |
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| Zdroj: |
Intereconomics; Aug2024, Vol. 59 Issue 4, p189-192, 4p |
| Abstrakt: |
The article discusses the challenges of defense spending in Europe and emphasizes the importance of sustained defense investment for the long-term health of the defense industry. It acknowledges the historical neglect of defense investments in Europe and the recent realization of the need for a strong defense technological and industrial base. The article also examines the issue of defense spending in a NATO context and the specific nature of the EU's process of encouraging defense investment among its member states. It concludes by discussing the political nature of defense spending and the EU's approach to defense expenditure, including voluntary benchmarks and initiatives like PESCO and CARD. The EU's defense expenditure is not accurately reflected in reporting, and while the EU is increasingly engaged in defense, its defense spending as measured against the NATO 2% pledge has been lackluster. The EU recognizes the importance of increased defense spending but acknowledges its limited political power to compel member states. The EU may need to re-energize its defense efforts to hedge against US retrenchment in Europe. [Extracted from the article] |
| Databáze: |
Complementary Index |
| Externí odkaz: |
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