Looks like Team Europa is getting ready to step up to the plate and get back in the game in a major way, sports fans !
Recent reports would seem to indicate that the "Continental Combatants" have their work cur out for them if they're going to go once more for Big League status.
Are they up to the task ? Time will tell !
https://www.reuters.com/world/europe/eu-aims-shift-european-arms-industry-war-economy-mode-2024-03-04/
https://www.defensenews.com/global/europe/2024/03/05/eu-proposes-16-billion-plan-to-prop-up-defense-industry/
Recent reports would seem to indicate that the "Continental Combatants" have their work cur out for them if they're going to go once more for Big League status.
Are they up to the task ? Time will tell !
https://www.reuters.com/world/europe/eu-aims-shift-european-arms-industry-war-economy-mode-2024-03-04/
EU aims to shift European arms industry to ‘war economy mode’
BRUSSELS, March 4 (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.
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.
"We need to change the paradigm and move into war economy mode. This also means that the European defence industry must take more risks, with our support," said Breton, previewing the package.
https://www.defensenews.com/global/europe/2024/03/05/eu-proposes-16-billion-plan-to-prop-up-defense-industry/
EU proposes $1.6 billion plan to prop up defense industry
PARIS — The European Union’s executive branch has proposed a €1.5 billion (U.S. $1.6 billion) plan to boost defense production by promoting joint military purchases among the member states.
The European Commission on Tuesday presented its European Defence Industry Program aimed at bolstering a sector that has struggled to ramp up production in the face Russia’s full-scale invasion of Ukraine, which began in February 2022.
“The war is at our borders,” Josep Borrell, the EU’s high representative for foreign affairs and security policy, said during a news conference in Brussels on Tuesday. “Russia’s war of aggression has brought a great sense of urgency to step up our industrial defense capacities.”