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Economy News

The Economic Times

Economy / The Economic Times

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More cash, not enough weapons: NATO presses to produce more

NATO leaders face a critical challenge in Ankara: transforming increased defence budgets into actual weapons. Despite significant spending hikes, Europe struggles with production capacity, long wait times, and fragmented markets. Ukraine's wartime innovation, particularly in drones, offers a stark contrast and a potential model for Europe to outproduce and outgun Russia, a crucial step towards greater self-reliance.

30 Jun 2026 7:46 am