European defence spending and its economic effects

By Nektarios Michail

The recent geopolitical tensions that keep erupting around the world have underlined the fact that Europe and the US may likely be unprepared, and are definitely underperforming, in terms of weapons production. In a recent speech , NATO secretary Mark Rutte noted that “in terms of ammunition, Russia produces in three months what NATO produces in a whole year.” 

While many countries have, by now, increased demand