European Defense and Housing Challenges Amidst Global Uncertainty

in

Despite the billions of euros pledged by the EU for rearmament, Europe’s military strengthening is at risk of failure. A study from the German Institute for World Economy (IfW) and Bruegel highlights that cost reduction through increased competition among arms manufacturers and European supplies is essential. Modernizing armed forces with a focus on new technologies is also critical. Researchers estimate that production of battle tanks and infantry vehicles must increase up to six times to match Russia’s rearmament pace. Meanwhile, Greece faces a housing crisis exacerbated by ineffective policies. Stournaras proposes a broader national strategic plan to balance property demand across the country. Efforts to curb short-term rentals have fallen short as listings continue to grow. Additionally, a historic building in Piraeus, the Keranis factory, is set for redevelopment into luxury apartments. Lastly, Russian gas may flow to Ukraine via Greece through the Vertical Corridor despite upcoming EU restrictions.