Europe has the martial equivalent of a “how to spend it” problem. Faced with the prospect of a U.S. military pullback in their backyard and a renewed threat from Russia, major powers like Germany and the United Kingdom are planning for defence spending to rise above 3% of GDP. Yet unless the bloc wants to wind up with the 21st-century equivalent of the Maginot Line – France’s vastly expensive border fortification that the German army simply bypassed at the start of World War Two – it needs to direct more of the resulting hundreds of billions of euros to defence technology and innovation.Read More
