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Europe Needs to Spend $260 Billion to Defend Itself Without US Support: Study

  • Europe needs to spend about $261.6 billion annually to defend itself against Russia without U.S. Support, according to a study released by the Bruegel Research Institute and the Kiel Institute for the World Economy.
  • The report suggests Europe must deploy 300,000 additional soldiers and acquire numerous military assets, including tanks and drones, to enhance defense capabilities.
  • The authors propose increasing European defense spending to 3.5-4% of GDP, indicating that half of this could be financed through common European debt.
  • Guntram Wolff stated that such investment is economically feasible, despite being unpopular across Europe.
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holosameryky.com broke the news in Washington, United States on Friday, February 21, 2025.
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