All tagged Defense Expenditure

Analysis | Europe at a Crossroads: The Case for a Common Defense Industry

It is well known the world over that the European Union is a major economic power thanks to the single market. Yet, it is far behind other major world powers in arms development and sales. Despite the inclusion of weapons in the single market, there exists no common market for the defense. The advantages to unifying the defense industry and creating a single market for defense are clear and undeniable.