Ad
If things remain as the status quo, neither the EU as a whole, nor individual member states, would be ready to face external and internal threats (Photo: MelkiaD)

How coronavirus might hit EU defence spending

The economic consequences of the Covid-19 global pandemic are alarming.

The IMF estimated a collapse of the global economy by three percent in 2020 and the forecast for the European Union is also worrisome.

According to the Spring economic forecast, the economy will shrink by seven percent in 2020.

Among the casualties of coronavirus - worldwide and in the EU - is the defence sector.

South Korea and Thailand have already suffered budget cuts, but the impact of the ...

Get EU news that matters

Back our independent journalism by becoming a supporting member

Already a member? Login here

Disclaimer

The views expressed in this opinion piece are the author’s, not those of EUobserver

Author Bio

Francesco Giumelli is a associate professor in international relations at the University of Groningen. Chiara Magrelli is a research associate at the University of Groningen. They are working on the European Defence market under the EIBURS scheme of the European Investment Bank (EIB) Institute.

If things remain as the status quo, neither the EU as a whole, nor individual member states, would be ready to face external and internal threats (Photo: MelkiaD)

Tags

Author Bio

Francesco Giumelli is a associate professor in international relations at the University of Groningen. Chiara Magrelli is a research associate at the University of Groningen. They are working on the European Defence market under the EIBURS scheme of the European Investment Bank (EIB) Institute.

Ad

Related articles

Ad
Ad