Europe's Rearmament: Pledges vs. Reality 2026-2032
Europe’s 2026–2032 rearmament will be decided less by headline budgets than by whether factories, people, and supply chains can deliver under inflationary pressure. Four futures emerge from the interplay of industrial mobilization capacity and the intensity of macro headwinds.
Scenarios
Paper Deterrent
Wartime Industrial Discipline
Buy, Not Build
European Arsenal 2.0