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Move to Wartime Economy: European Commission Urges Shift

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Editorial Teamhttps://www.xtrempoint.com
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Moscow, March 4 – The European Commissioner for the Internal Market, Thierry Breton, announced the need for the transition of the European defense industry to a wartime economy model.
“I think the time has come for the European defense industry to move to a wartime economic model to meet the needs of defense manufacturing,” Breton was quoted as saying by the Financial Times.
He also spoke in favor of ramping up munitions production “to deal with the severe reality of conflict”.
It is noteworthy that Breton is putting pressure on financial institutions, some of which do not cooperate with arms companies, to increase lending to these companies.

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