The European Union has significantly boosted its military spending, more than doubling its expenditures from €147 billion in 2014 to €326 billion projected for 2024. This increase, totaling over 121%, contrasts with earlier trends of declining defense investments following the 2008 financial crisis. The surge in funding is largely attributed to escalating security threats, particularly from Russia since the annexation of Crimea in 2014. While U.S. and NATO allies have historically criticized the EU for underfunding, these new figures indicate a shift in commitment towards collective defense strategies and capabilities.
European Union military spending has increased significantly, doubling in the last decade from €147 billion to €326 billion, reflecting heightened tensions and security needs.
Since the Crimea incident in 2014, the EU has rapidly adjusted its military budget, countering perceptions of underfunding and highlighting a robust investment in defense.
Collection
[
|
...
]