Europe's Defence Spending Increase Insufficient Without Industry Reform (defence24.com)

• Record post-Cold War defence spending in Europe
• Slow pace of military transformation
• Need for closer ties with defence industry for deterrence

"Europe is currently spending more on defence than at any point since the Cold War, but the pace of change is too slow. The continent has not yet forged a strategic relationship with its own defence industry capable of producing effective deterrence. These two challenges are interconnected, and failure to address both risks undermining European security. The need for industry reform is critical to ensure that increased spending translates into real defensive capability."