Last March, Thierry Breton, the EU's commissioner for internal market, advocated for a shift of the European defense industry toward a war economy.
Europe is facing an "existential threat," he said, as the Commission announced a new defense strategic plan, with a minimum of €1.5 billion ($1.6 billion) subsidy to boost the continent's war machine.
In Germany, arms maker Rheinmetall inaugurated a new factory in February that will produce artillery ammunition, explosives and rockets.
Aerospace and defense company Kongsberg also opened a new anti-ship and cruise missile manufacturing plant in Norway last June.
Watch the video above to learn more about the economics of war.
Persons:
Thierry Breton
Organizations:
Commission, Rheinmetall, Aerospace, Kongsberg, Stockholm International Peace Research Institute
Locations:
Europe, Germany, Norway, Stockholm