Europe can’t rearm its way to security

By Grace BlakeleyWhile Russia's war against Ukraine continues on Europe's eastern border, the continent's leaders are finally willing to admit that they have the power to revive their ailing economies. After decades of austerity, they want to spend money again – but not to fight poverty, accelerate decarbonisation or save collapsing public services. Instead, Europe's fiscal resources flow into tanks, missiles and fighter jets. The restructuring …

Europe can’t rearm its way to security

As Russia’s war on Ukraine rages on Europe’s eastern frontier, the continent’s leaders are finally willing to admit they have the power to revive their ailing economies. After decades of austerity, they are ready to spend again – but not to end poverty, accelerate decarbonisation, or reverse the collapse of essential public services. Instead, Europe’s fiscal firepower is being directed towards tanks, missiles and fighter jets.