Europe enters ‘War Economy Mode’. All industry now to support arms and weapons production

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BRUSSELS (Reuters) – The European Commission will propose on Tuesday ways for the European Union to boost its arms industry so it can shift to “war economy mode” in response to Russia’s invasion of Ukraine.

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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.

https://www.usnews.com/news/world/articles/2024-03-04/eu-aims-to-shift-european-arms-industry-to-war-economy-mode

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