
Will New Defence Spending Boost an Economy?
The Bridge with Peter Mansbridge
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Transforming Defense in a New Era
This chapter examines the seismic shifts in European defense strategies, particularly in Germany, triggered by Russia's invasion of Ukraine. It discusses the historical reliance on Russian energy, the surge in defense spending, and its economic implications, including job creation in the UK and military procurement across NATO. Furthermore, it emphasizes the necessity of revising fiscal policies and investing in local defense industries as a path towards economic growth and national security.
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