VoxTalks Economics

Author: VoxTalks

Learn about groundbreaking new research, commentary and policy ideas from the world's leading economists. Presented by Tim Phillips.
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S9 Ep3: Can Europe defend itself?
Episode 3
Wednesday, 14 January, 2026

In another of our special episodes recorded at the CEPR annual Symposium, we ask: is it time for Europe to rearm?The message from the US could not be clearer: it is time for European countries to take care of their own security. If Europe decides to rearm, it has the industrial base – but Moritz Schularick of the Kiel Institute and CEPR warns that it isn’t converting that capacity into credible deterrence. Tim Phillips asks him what European rearmament could mean in practice: not just scaling up production but buying smarter and investing in next-generation technologies that can spill over into the wider economy. And is there enough political will to create a European defence architecture that can stand on its own?