Europe can’t count on the US to be its bodyguard. That’s great for its defense companies

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By Anna Cooban, CNN A stark new reality in Europe — that its longtime ally and security guarantor, the United States, may not come to its rescue in a future war — has set the stage for a faster rise in military spending on the continent. And in anticipation of higher revenues for European defense companies, investors rushed to buy their stocks, driving a key index to a record high this week. The United States held talks with Russia this week to …

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Europe can’t count on the US to be its bodyguard. That’s great for its defense companies

London (CNN) — A stark new reality in Europe — that its long-time ally and security guarantor, the United States, may not come to its rescue in a future war — has set the stage for a faster ramp-up in…

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Europe needs to spend around 250 billion euros per year on defense investments to shield itself without US support, an amount that the European Union can afford…More...