Part 6/11:
The fundamental premise of boosting defense spending rests on economic growth. Europe's economy, currently stagnating, must expand to create the resources necessary for enhanced defense capabilities. Drawing on lessons from past economic principles, innovation is touted as the key to unlocking prosperity and facilitating investment in defense. However, recent evaluations portray a striking innovation gap between Europe and competing nations like the United States and China. Increased bureaucracy and regulation across member states stifle entrepreneurial spirit and creativity, exacerbating the economy’s stagnation.