Can Europe fund its defense ambitions? : The Indicator from Planet Money
European NATO members may transition to a "war economy" to meet defense spending commitments.
- Bilawal Riaz
- 1 min read
European members of NATO are not meeting their defense spending commitments, but this may change as the European Union considers transitioning to a “war economy.” The concept of a “war economy” and the obstacles to implementing it are explored in this analysis.