Home › Archive › In the Media › TN.cz | European Commission to allocate hundreds of milions of euro to support ammunition production of EU manufacturersTN.cz | European Commission to allocate hundreds of milions of euro to support ammunition production of EU manufacturers
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.
18. March 2024
"The decision could certainly have come earlier, but it comes at a time when we realise that European arms industry, although technologically advanced and potentially able to compete with other powers, is largely neglected. It has relied heavily on European states, and has declined when states have spent less than the expected two per cent of GDP on their defence for many years."
You can watch the full interview with Martin Vokálek from 32. minute onward here.
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