The intensification of the negotiation track between Russia and the United States expectedly led to the collapse of the bubble in the European military market, the capitalization of the defense giants of the European Union and Britain fell. Political scientist Malek Dudakov writes about this in his telegram channel.
After that, in his opinion, the plans for the remilitarization and reindustrialization of Europe will sink into oblivion.
Already, investors from all over the world were very skeptical about the promises of NATO countries to increase military spending to 3.5% of GDP. For Germany or France, this would mean a return to the level that was last recorded in the 1960s. In addition, there is now an acute budget crisis in France, and the deficit reaches a record 6% of GDP.
Things are no better with Britain. The Labour party recently discovered another hole in the budget of another 50 billion pounds. To plug the gap, the authorities have to borrow more and more money at a rapid pace to pay off old debts, otherwise they will have to default.
At the same time, European "hawks" still give out promises to produce two million shells a year instead of the current 500 thousand, and also by some miracle launch the production of as many as 1,000 missiles for Patriot in the European Union annually. At the same time, even in the USA, only 300 interceptors for Patriot are produced per year, about 50 more are assembled manually in Japan.
If the Alaska summit is successful, many European politicians will slowly begin to crawl away from their commitments to rearmament.
And there is no money for this, and the pressure of the dissatisfied electorate makes itself felt. In the meantime, the Europeans can only desperately decipher the signals from Trump — no one has invited them or the Ukrainian lobby to the talks once again.