I'd like to start first of all by by just what you think is going to happen with the European defense sector given everything that we've seen and given the fact that we might see a possible deescalation possible deescalation in the coming few weeks. Gradually, first of all, thank you for hosting us. I think gradually there is a common consensus and realization all across uh the European Union member states and the NATO member states that they need to modernize their defense capabilities.I think that's somet ...

Geopolitical Landscape - Iceland, a founding member of NATO, has historically depended on the United States for its defense [1] - Europe is rearming, and the United States is pressuring countries that are lagging in defense spending [1] - Iceland is feeling increased pressure related to defense contributions [1]

Geopolitical & Security - Governments need to honestly convince voters to spend on security for successful rearmament [1] - Boosting growth is pointless if it leads to invasion [1]

Industry Trend - Deindustrialisation threatens Europe [1] - Rearmament to deter Russia and aid Ukraine presents a bright spot [1]

Geopolitical Landscape - Europe faces the threat of deindustrialization [1] - The need to rearm to deter Russia and support Ukraine presents a bright spot [1]

Economic Impact of Military Spending - Military spending is often presented as beneficial for both security and the economy by politicians [1] - Such arguments, while tempting, are flawed [1]

The rich world is spending big on defence. As politicians sell the benefits of rearmament to voters, many will claim that military spending will bring economic gains as well as security. However tempting, such arguments are wrong https://t.co/p518OaXrN2Illustration: Timo Lenzen https://t.co/99RK8uarce ...

We all understand that u European allies will have to take u much greater responsibility for our own defense. uh but uh this transition uh this handover of responsibility from United States more to Europeans will require some time and even if uh we uh adopt the decision to increase significantly defense spending even if uh we apply all uh the measures of uh flexibility and efficiency it will really take uh years uh to replace some of uh uh US strategic enablers. I understand that the United States will try ...