UP

Can defense become Europe’s economic growth machine?

Home page World
12 Punto 14 Punto 16 Punto 18 Punto

Microwaves, GPS, drones, duct tape, the PC. That’s just a short list of household goods that trace their origin to military research labs.

Axar.az reports, citing Politico, their dual-use functionality is known as “military-civil fusion” in the parlance of the defense sector.

Now, with Europe about to unleash a flood of money into its defense sector, reversing decades of underinvestment, hopes are high that the continent’s dismal productivity record could tap into similar military ingenuity to turn things around.

Projects underway in Europe are already beginning to rival those of the United States in terms of ambition: from continental antimissile defenses to low Earth orbit satellite constellations that could provide alternatives to an increasingly unreliable Elon Musk’s Starlink.

The hope is that eventually all the investment drives technological innovation that spills over into the civilian economy, boosting productivity and paying for itself.

But is that realistic, or just wishful thinking? There’s no doubt that in the short term, economic strain is unavoidable, and will require cuts elsewhere.

Please read the full article here.

Date
2025.05.19 / 17:55
Author
Axar.az
See also

No Putin-Trump meeting - Peskov

Putin, Trump hold phone talks

Trump speaks with Zelensky

Biden reveals cancer diagnosis

Ukrainian military losses updated on Day 1181

Durov: France urged ban on conservative Romanian voices

Netanyahu says Israel will take full control of Gaza

Russian forces capture settlements in Sumy and Donetsk

Iran summons UK envoy over arrest of Iranian nationals

EU countries agree on big defense fund

Latest
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla