Bloomberg New Economy will gather leaders of government and business in Ireland on April 19th and 20th. The event will discuss the most pressing issues facing the European economy. Watch the event live from Ireland at BloombergNew Economy.com. When we come back, Alan describes his visit to the region in Germany where these weapons are made.
For decades, Germany has downplayed military spending. But after Russia’s invasion of Ukraine, the government reversed its longstanding ban on sending weapons into war zones, and announced a plan to spend an additional 100 billion euros to upgrade its armed forces.
Bloomberg senior editor Alan Crawford joins this episode to explain why the country’s defense industry is booming—and why that’s dividing a public wary of a German military resurgence. And military analyst Dr. Bastian Giegerich makes the case for why Germany should be spending even more to prepare for current and future threats.
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