Thierry Breton, Member of the European Commission for Internal Market, said that the defense industry of the European Union should switch to the wartime economy model. He stated this in an interview with Finance Times.
“I believe it is time for the European defense industry to switch to a wartime economic model to meet our defense production needs,” Breton said.
He also spoke in favor of increasing munitions production “to deal with the realities of high-intensity conflict”.
On 1 March, Der Spiegel said that the European Commission developed The project of transferring the EU economy from peacetime to wartime to support Ukraine, which should take place in three phases.
Previously, it was known that the Spanish Ministry of Defense. signed an agreement with Nammo Palencia to build up a strategic stockpile of ammunition.
Prior to that, German politician Manfred Weber, head of the European People’s Party, the leading faction of the European Parliament, said that the EU needed it because of its situation with Ukraine. to enter “a kind of war economy.”