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Record increase in EU military spending amid 'demanding times'
(www.euronews.com)
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this post was submitted on 30 Nov 2023
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This is the best summary I could come up with:
Despite the funding surge, Europe's defence industry cannot meet demand from Ukraine as it battles the Russian invasion.
This is the eighth consecutive year of growth in the bloc, with many states defending the need for a significant increase due to the Russian threat and Ukraine war.
Some €58 billion was invested in the defence sector, said the EDA, an agency responsible for improving defensive capabilities in the bloc.
Despite the increased spending, Europe's defence industry cannot meet demand from Ukraine as it battles the Russian invasion.
“Our armed forces must be ready to face much more demanding times,” the EU's top diplomat Josep Borrell was quoted as saying in an EDA press release.
Spending on defence research and development in the EU was down €200 million in 2022 compared to the previous year at €3.5 billion, according to the EDA.
The original article contains 298 words, the summary contains 139 words. Saved 53%. I'm a bot and I'm open source!