Economics

Through Russia and Trump: in the EU they want to switch to a military economy - the media

According to journalists, the European Industry Commissioner Tierry Breton has prepared proposals that encourage EU countries to buy more weapons from European companies. The European Commission is preparing to offer EU countries its plan to stimulate the military industry to move into the regime of military economy in response to Russia's aggression in Ukraine. Reuters writes about it.

According to journalists, Tierry Breton, the European Industry Commissioner, will outline proposals that encourage EU countries to buy more weapons from European companies. It should also help such firms increase production capacity. "We need to change the paradigm and go to the military economy. It also means that the European defense industry should take more risks," Breton said.

Breton, former CEO of the French technological company, also stated that the possibility of a new presidential term in the United States for Donald Trump, who has questioned Washington's obligation to NATO, means that Europe should do more to protect itself. "In the current geopolitical context, Europe should take more responsibility for its safety, regardless of the results of the election of our allies," he said.

The publication writes that Russia's invasion has prompted many European countries to increase defense spending. But officials claim that only national efforts are less effective, and want EU authorities to play a greater role in defense-industrial policies. Analysts say that the war clearly showed that the European industry has been poorly prepared for some serious problems.

Breton's proposals include the creation of a European version of a military equipment sales abroad that is available in the United States. Another proposal will allow the EU to force European weapons companies to priority order from Europe during a crisis. However, proposals will require approval from 27 national governments. We will remind, the EU managed to save more than 100 billion cubic meters of gas.