On Saturday 7 September, the strategic study “Peace through security: the strategic role of digital technologies”, carried out by THEA Group (The European House Ambrosetti), in collaboration with Leonardo, was presented at the 50th Cernobbio Forum. At the event, Stefano Pontecorvo, Chairman of Leonardo, addressed the issue related to European investments in the Defence sector, necessary to face current operational scenarios.
The emergency connected to ongoing conflicts and instabilities makes it necessary to adopt common funding means at a continental level. Pontecorvo explains that the investment scale is such that all European Union countries need to adopt an approach that goes beyond national borders, overcoming the fragmentation of the system.
Within this framework, the introduction of a Eurobond for Defence would represent a resource capable of supporting the investments needed to consolidate European industry. As Pontecorvo underlines, it would also reduce the gap with the United States, which “today on average can invest four times what the EU invests in the development of the various platforms.”