this post was submitted on 04 Mar 2024
45 points (97.9% liked)

Europe

8324 readers
1 users here now

News/Interesting Stories/Beautiful Pictures from Europe 🇪🇺

(Current banner: Thunder mountain, Germany, 🇩🇪 ) Feel free to post submissions for banner pictures

Rules

(This list is obviously incomplete, but it will get expanded when necessary)

  1. Be nice to each other (e.g. No direct insults against each other);
  2. No racism, antisemitism, dehumanisation of minorities or glorification of National Socialism allowed;
  3. No posts linking to mis-information funded by foreign states or billionaires.

Also check out [email protected]

founded 1 year ago
MODERATORS
[email protected]
45
EU aims shift to European arms industry to ‘war economy mode’ (www.reuters.com)
submitted 8 months ago by HowRu68 to c/[email protected]
6 comments fedilink hide all child comments
 

Thierry Breton, the European industry commissioner, will lay out proposals to encourage EU countries to buy more weapons together from European companies, and to help such firms increase production capacity, according to EU officials.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 3 points 8 months ago

A few orders aren't enough for companies to invest in more capacity. They need assurances that their products will be bought for at least 10 years or so to even recoup the initial investment. Weapons factories are expensive and thus risky to build, but government guarantees can eliminate that risk.