Reports of a “war economy” are much exaggerated
enough military kit to build an army the size of Germany’s every six to 12 months. Under its revanchist president, Vladimir Putin, it is busy invading one European country while meddling in the affairs of several others. Western intelligence officers seem to think a Ukraine-style attack on aally by 2030 is a distinct possibility.
With politicians bickering about pensions and social spending, and loth to raise taxes, the reality is of a continent unwilling to inconvenience itself for something so trifling as fending off a potential invader. Europeans want more military spending, sure; some churn out ludicrous soundbites about building a “war economy”. But God forbid that anyone make voters endure the cost of it.
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