Europe’s Make-or-Break Military Decision
- EU finance ministers will explore the European Defence Mechanism this week in Warsaw.
- European leaders seek to bolster defenses given Russia's aggression and a shifting security landscape.
- The EDM, a joint fund, aims to streamline operations and improve interoperability among European forces.
- Fragmentation in the EU results in seven tank models and nine howitzer types, causing inefficiencies.
- The EDM would function as a planner and could offer subsidized loans to frontline states bordering Russia or Belarus.
55 Articles
55 Articles
European rearmament: Shuffling fake money around a monopoly board?
Amid calls for Europe to rearm, competing ideas are circulating around how to ensure European nations can take on Russia in a possible future war without U.S. backing. While the idea of a rearmament bank may carry some appeal, it’s less clear that there’s any new money for what is likely to be a very expensive enterprise.The European Commission recently unveiled €800 billion ($876 billion) plan to REARM. The plan essentially involves imposing a …
Europe Must Move Faster to Defend Itself | by Anastassia Fedyk, Yuriy Gorodnichenko and Ilona Sologoub - Project Syndicate
The European Union, having finally woken up to the Russian threat, recently announced a solid strategy for strengthening its defense capabilities and arming Ukraine. But the bloc’s timeline must be accelerated, which requires exchanging frozen Russian assets for EU bonds and addressing information and soft-power threats.
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