The French president announced that he had asked the Ministry of Defense and the chiefs of staff of the French armed forces to revise a six-year defense spending plan.
The French president Emanuel Macron called on Monday to boost European defense budgets after Russian invasion of Ukraine, even emphasizing that France is now in “War economy”.
Speaking at the Eurosatoryan arms industry report, Macron warned that Europe needed “a much larger defense industry “ to avoid being dependent on third party suppliers for its armaments needs.
Referring to the Russian invasion of Ukraine, he characteristically stated that France “has entered a war economy, in which I believe we will be for a long time”.
In this context, Macron announced that he asked the Ministry of Defense and the Chiefs of Staff of the French Armed Forces to adjust a six-year plan of defense spending, which has a horizon of 2025 in the new geopolitical situation, so that “The means to match the threats”.
Even before Ukraine, reports the French network France 24, French military spending had gradually increased since Macron came to power in 2017, to reach 41 billion euros this year, while, according to current data, the French defense budget is expected to reach EUR 50 billion in 2025.
