In recent years, Europe has been increasingly challenged by a number of emerging threats, such as political instability in the Middle East and Africa, cyber threats, tensions with Russia over Ukraine, Brexit and US President Donald Trump’s initial lack of commitment to NATO. It is becoming increasingly clear that Europe’s armed forces are ill-prepared to meet these challenges. After two decades of budget cuts as well as increasing demands on the forces, European capabilities today are in many ways stretched, outdated and suffer from an availability crisis. Yet simply spending more cannot be the answer. How Europe spends its defence budget is vitally important.
We invite you to join us for the presentation of a joint report of the Munich Security Conference and McKinsey & Co., supported by the Centre for International Security Policy at the Hertie School of Governance, which explores opportunities for reinvigorating European defence.