On Thursday, March 13, Roland was a guest of Caroline Loyer on the program Le Monde qui Bouge – The Interview segment of Good Morning Business, hosted by Laure Closier.
In his analysis, Roland Gillet points out that Donald Trump's controversial behavior has prompted Europeans to respond, nudging them toward a necessary rearmament that will finally bring them closer to the NATO-mandated target of military spending at 2% of GDP. This initiative falls under the European Commission's proposed rearmament plan, dubbed "ReArm Europe," with a budget of €800 billion spread over four years.
Roland Gillet notes that a significant portion of this funding—€650 billion—will be borrowed directly by the states themselves, despite the Stability and Growth Pact rules that mandate Member States keep their debt levels below 60% of GDP and their deficits under 3%.
The remaining €150 billion aligns with a framework similar to the Next Generation EU plan, designed as European loans with a national preference for the acquisition of European defense equipment. However, several countries have indicated their intention to disregard this preference, opting instead to procure American-made equipment, which ultimately plays into Trump's hands.
"For now, Donald Trump is not at a disadvantage; he is securing a commitment from the EU to reach the 2% GDP military spending target, with a national bias that will likely not be honored."
Regarding the prospect of rapprochement with Turkey to ensure European security, Roland Gillet advocates for including as many additional actors as possible in the economic union of the 27.
Watch Le Monde qui Bouge - The Interview: "Defense in Europe, what funding?"