military spending

Military industry in Europe is not able to cover the needs related to the supply of ammunition to Ukraine. The situation of the long-neglected EU weapons industry is now being addressed by the European Commission with financial support of 500 milion of euro. But is the decision on financial support coming too late? And how long before the industry can be renewed? Martin Vokálek, Executive Director of the EUROPEUM Institute, commented on the situation for TN.cz.