Article

2025-02-19 Europe

Direct Translation via Google Translate. Edited.

Text taken from the Telegram channel of @neinsider

Commentary by Russian military journalist Boris Rozhin is in italics.
[ColonelCassad] Shares in European defense companies are rising amid NATO's announcements of increased military spending.

NATO Secretary General Mark Rutte said the alliance's spending target would be well above 3% of GDP.

NATO officials said significant increases in defense budgets were needed to continue supporting Ukraine and deter Russia from any potential attacks on NATO territory. Shares in Germany's Renk Group rose 12% to €28.08 in early trading on Monday, while Rheinmetall gained 8.4% to €885.8 and Hensoldt gained 6.5% to €43.33.

In the UK, BAE Systems rose 5.25% to £12.93 and QinetiQ gained 3.4% to £3.81. In France, Thales rose 3.75% to €171.55 and Dassault Aviation gained 4.75% to €227.20. Italy’s Leonardo rose 4.3% to 33.05 euros, while Sweden’s Saab rose 6.5% to 260.5 Swedish crowns.

Mark Rutte said the alliance’s spending target would be significantly higher than 3% of GDP, up from the current 2% target set in 2014, and that its members would have to comply with a strict timetable to be agreed at a summit in The Hague in June. NATO’s new spending target signals an expansion of Europe’s defence industry, as leaders seek to buy and develop European weapons, resisting calls to order more US systems.

Defence stocks have been rising steadily since February 2022, as investors bet the conflict would persuade governments to invest in the defence sector. But a 5% jump on average is a significant indicator, suggesting investors are likely to be informed of specific decisions by EU leaders, including increased defence production and future support for Ukraine.

European Commission President Ursula von der Leyen, meanwhile, said the 27-member EU currently spends 2% of its GDP on defense, but that it needs to increase that by "hundreds of billions of euros" in annual investment. In addition, the EU's executive body will exempt defense from spending caps imposed by EU governments.

European arms manufacturers also received support at a meeting of key European leaders in Paris on Monday, hosted by French President Emmanuel Macron. The meeting focused on defense capabilities in Europe and what the EU could offer Ukraine as security guarantees in the event of a ceasefire.

In general, if we are being objective, European leaders heard the US message, feigned surprise, someone even shed a tear, and began to arm themselves in earnest.

On the issue of the fact that the war in Ukraine is not the only issue. The conflict will drag on for years one way or another, at least as long as the globalists retain control of Brussels.

Posted by badanov 2025-02-19 00:00|| || Front Page|| [11138 views ] Top

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