But as global competition gets ruthless, we must show real ambition, especially in those sectors vital for our independence. Take defence for example. We have done more on defence in the last year than in decades before. We have started a surge in defence spending, up to 800 billion euros till 2030. member states are stepping up their investment at record level. And this has helped to triple the market value of European defence industry companies since January 2022. (13:51–13:58)
CLAIM
Asserts that Europe has increased defense spending to 800 billion euros until 2030.
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