In a video analysis on the House of El (@HouseofEl) YouTube channel, the host examined Europe's recently announced €860 billion defence plan, emphasising its clear move away from American weapons suppliers towards European-made equipment.
The plan, described as the largest European defence spending increase since the Cold War, includes binding requirements: by 2027, 40% of military purchases must involve joint European procurement, rising to 55% from European or Ukrainian manufacturers by 2030. The SAFE loan mechanism, comprising €150 billion, favours European producers, effectively excluding US defence contractors unless Washington negotiates separate agreements with Brussels.
Data presented in the analysis shows this shift is ...