EU’s Boost in GDP Military Spending ‘May Not Fuel Economic Growth’

Die Presse

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It is necessary, but not sufficient, that Europe is enormously upgraded, because without a fundamental change of mentality, armament is of no use.

Observador

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In the interview, Antonio Costa reflected on its role and direction that the EU should take in the current context, in relation to the increase in defence expenditure, the Israeli offensive in Gaza and Ukraine.

Revista Defensa Infodefensa.com

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However, in an alternative scenario where the increase in spending is financed through tax increases, the impact on growth would be less due to its negative impact on disposable income and private investment.With this report, defence policy, traditionally analyzed from a strategic and security perspective, also begins to occupy a significant place in economic policy, both because of its potential to drag on the industrial fabric and because of i…

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For the President of the European Council, "it is essential to maintain the capacity to organise the economy to generate the resources needed to support the investment in defence".

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The President of the European Council, Antonio Costa, states that investing in defence without preserving the social state of the European Union (EU) would be "collective suicide", highlighting the North American's drive to the European unit around NATO's objectives. "Those who place as an option to choose between the Social State and invest in defence are a collective suicide because no one moves to defend themselves if it is not to defend thei…