In the face of serious threats to stability and peace in Europe posed by Russia, and in a situation of uncertainty as to the future involvement of the United States in NATO, the European countries belonging to the Pact were faced with the need to simultaneously strengthen their own defense capabilities and increase military support for Ukraine. The aim of the article is to analyze and evaluate the factors and mechanisms influencing the financing of defence spending by European NATO countries, in particular those belonging to the European Union. The so-called era of the peace dividend, which has continued for more than thirty years since the end of the Cold War, has contributed to serious underinvestment in the European arms sector. The analysis contained in the article leads to the conclusion that financing significant defence expenditure requires governments to make socially difficult decisions regarding the redirection of an appropriate part of public expenditure to this sector. The European Union has an important role to play in the process of increasing the defence capabilities of European NATO countries by financing joint defence initiatives from the general budget and extra-budgetary sources.
You may also start an advanced similarity search for this article.
