Do crises slow Europe's rearmament

European Union countries' defense spending rose to approximately 487 billion euros, according to the Stockholm International Peace Research Institute, after it had been reduced in the post-Cold War periods. The increase was driven by the Russian-Ukrainian war and changes in the United States' security commitments. Europe is moving to bolster its defense industry to achieve self-sufficiency, but faces challenges in ramping up production and coordinating among member states. Additionally, financial pressures are impacting the sustainability of this spending, leading to a decline in the shares of European defense companies.

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