Contrary to popular belief, the main obstacle to Europe’s strategic autonomy is not a lack of funding but its failure to develop critical technologies. Overcoming this constraint will require a fundamentally different approach to investment that better aligns public and private capital.
LONDON—After years of underinvestment, Europe is finally beginning to increase defense spending. Few have put the stakes more bluntly than former NATO Secretary-General George Robertson, who warned that decades of “corrosive complacency” have left the United Kingdom “in peril.”
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