Europe's Defense Industry: Striving for Independence in a Tense World.
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Europe wants to spend more on defense. This comes after worries about the US commitment to NATO. Donald Trump said allies should spend more on their own defense.
Spain spends the least on defense among NATO countries. They are trying to catch up to meet NATO goals. Europe relies on the US for military equipment and support.
Europe buys a lot of defense stuff from outside Europe. Airbus wants Europe to be more independent. Some European arms makers are doing well in the stock market.
Europe's defense industry is not making enough for its needs. They depend on the US for many things. European countries often buy from their own local companies.
The EU is giving money to help countries buy defense systems. They want countries to buy more from each other. Airbus says Europe needs to fund its own defense industry for the future.
Questions
Why does Europe want to spend more on defense?
Europe wants to spend more on defense because of worries about the US commitment to NATO.
Which country spends the least on defense among NATO countries?
Spain spends the least on defense among NATO countries.
What is Airbus's opinion about Europe's defense industry?
Airbus believes Europe needs to fund its own defense industry for the future.
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