Arms expenditure in Europe: many billions, few army

Europe is spending more money than Russia is spending on the military, say an armament critic. That's true, the question is: what exactly happens to the money?

15:46 While the engine of the Belgian arms industry in Wallonia is running at high speeds, a number of defence-related high-tech SMEs in Flanders are also getting ready to take advantage of the European m...

EU Council President António Costa is in favour of arms procurement primarily in the EU. “In the short term, we must buy where the weapons we need are available, for example in Europe, America, South Korea or Japan,” the Portuguese told the “World.” “But in the long term, our investments should flow more into the domestic defense industry.” According to Costa, this is not only good for the continent's security, but also for society. Because all…

Within the EU, such a policy gives states more room for maneuver. However, the question is how the financial markets will react.