Can Europe afford to rearm itself? With Jeromin Zettelmeyer

单集文稿 ...

• 00:00

  I have been very, very direct

• 00:04

  in saying that Nato members must finally contribute their fair share and meet their financial obligations.

• 00:14

  So that’s the reason why we are spending a lot of money, more than ever before, after the cold war.

• 00:19

  With this plan, allies have agreed to invest 5 per cent of GDP in defence.

• 00:25

  This is a significant commitment in response to significant threats to our security.

• 00:35

  This is a moment for Europe and we are ready to step up.

• 00:40

  Europe has a weapons problem.

• 00:42

  Facing Russian aggression and with support from the US wavering, the continent is rushing to re-arm.

• 00:48

  But buying weapons and readying for war isn’t cheap.

• 00:51

  And in many countries, budgets are already stretched.

• 00:55

  Can Europe afford to re-arm itself?

• 00:57

  And how will doing so affect European economies?

• 01:09

  This is The Economics Show.

• 01:10

  I’m Sam Fleming, the FT’s economics editor.

• 01:13

  I’m joined today by Jeromin Zettelmeyer, director of the Brussels-based think-tank Bruegel.

• 01:18

  He’s previously served as deputy director of the strategy and policy review at the IMF,

• 01:23

  a senior fellow at the Peterson Institute in Washington, DC,

• 01:26

  and director-general for economic policy at Germany’s Ministry for Economic Affairs and Energy.

• 01:32

  Jeromin, welcome to the show.

• 01:34

  Thanks for having me, Sam.

• 全部文稿