The ticking bomb of European rearmament

AI Summary
European arms manufacturers are rapidly expanding their capacity at an unprecedented rate since World War II, with 7 million sqm of new industrial development across 150 facilities tracked among 37 companies. The European Council has accelerated a €800bn ReArm Europe defense package, increasing EU military spending by 31 percent cumulatively since 2021 to €336bn last year. This expansion includes a €650bn increase in military spending and a new €150bn multi-national borrowing program for defense loans. The EU is exempting increased military spending from its Stability and Growth Pact fiscal rules, which limit national deficits and debts. Private investment in weapons industries is also being prioritized by national regulatory authorities and the European Investment Bank.
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This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).
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