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European Defense CEO Doerre Talks Spending Boom
Published 11 months, 3 weeks ago
Description
Germany will unlock hundreds of billions of euros for defense and infrastructure investments in a dramatic shift - which has seen european bonds plunge and the euro surge.
It comes after the US paused military support for Ukraine and the EU put forward a package worth up to 800 billion euros to help countries increase defense spending.
Hensoldt is a defense company that makes radars. Their CEO Oliver Doerre spoke to Tom Mackenzie and Caroline Hepker on Bloomberg Daybreak Europe.
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