Western investors ‘stupid’ to shun arms industry, says Nato official

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Financial Times 2d ago

Western investors ‘stupid’ to shun arms industry, says Nato official - Financial Times

Quick Summary:

Bauer also pointed out that some eastern Nato members “are being given a lower [sovereign] rating because they’re closer to Russia, closer to the threat.

Bauer’s plea comes as European governments scramble to ramp up their military procurement and production to keep arming Ukraine, and just weeks before the inauguration of president-elect Donald Trump, who has demanded that Europe rely less on the US for its security.

The European Commission and more than a dozen EU governments have been increasing pressure in recent weeks on the European Investment Bank, the bloc’s lending arm, to end its near-total ban on weapons funding to help strengthen Europe’s defence industry.