**New Defense Partnership Formed**
A new defense partnership is likely to be formed, involving the EU, Britain, Ukraine, Turkey, and possibly Canada and Australia. This move could lead to increased profits for companies like Rheinmetall, Airbus, BAE, and Leonardo.
**Breaking Away from American Dependence**
It’s becoming clear that Europe can no longer rely on America for its security needs. The use of American-made products and services, such as logistics chains and satellite data, makes it vulnerable to the whims of tyrannical regimes. This is especially true with the recent launch of a 10 billion euro project to create an independent European satellite constellation.
**International Support for Ukraine**
European leaders are showing strong support for Ukraine and President Zelensky in their fight against Russia. Turkey has also stated that it will not oppose Ukraine’s bid to join NATO. This newfound unity is crucial in the face of Russian aggression.
**Financial Costs**
The costs of forming a new defense partnership will be significant, and Europe will have to find ways to fund its own security needs. The EU is considering creating a defense bank similar to the EBRD and issuing joint debt instruments. Britain, on the other hand, is cutting international aid spending in half to finance its defense budget.
**Consequences of American Dependence**
The article’s author argues that America has opened a Pandora’s box by allowing European nations to become too dependent on them for security needs. The author believes that this dependence was built over decades but can be destroyed in weeks. The writer advocates for real mechanisms to strengthen Europe’s and Britain’s defense capabilities, which will lead to increased investment and the purchase of their own weapons systems.
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