The EU and Ukraine: The Cost of Peace
Europe is facing a now-or-never moment. Threatened by a potential withdrawal of the U.S.’s security umbrella—on which it has relied for decades—European countries are scrambling to raise their defense spending and scale up their defense industries. This is made even more urgent by the prospects of a fraught peace deal between Russia and Ukraine, which would require a significant peacekeeping effort.
Join Gaurav Ganguly, Senior Director Economic Research, and the team of EMEA economists as they unpack the key questions on Europe’s defense, including:
- How much of a game-changer is the European Commission’s ReArm EU plan, and will it be enough?
- Where will the money come from? Can European countries really afford it?
- Will financial markets be as relaxed about higher borrowing as the European Commission?
- Will it give enough bang for the buck? Can this defense push save Europe’s ailing industry?
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SpeakersGaurav Ganguly Head of International Economics Moody's Analytics
Kamil Kovar Associate Director - Senior Economist Moody's Analytics
Barbara Teixeira Araujo Associate Director - Senior Economist Moody's Analytics
Andrew Hunter Associate Director, Senior Economist (EMEA) Moody's Analytics
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Dr. Gaurav Ganguly is Head of International Economics at Moody’s Analytics, where he heads economic research for Europe, the Middle East, Africa and Asia-Pacific. His research interests include international economics, geopolitics and climate change. Together with his research group, he focuses on the key risks facing the global economy and the ways in which these might manifest. His economic scenarios, forecasts and analysis are used by financial institutions, governments and companies to actively manage risks. He is a well-known public speaker and frequently comments on economic issues across and appears in the media. Based in London, he has taught at various Universities in the UK and held visiting academic positions, including a research fellowship at the Grantham Institute for Climate Change at Imperial College. Gaurav obtained his Master’s degree and a doctorate in Economics from the University of Oxford.
Barbara Teixeira Araujo is an assistant director and economist at the Moody's Analytics Prague office. She is responsible for providing research and analysis on key European economies. Before joining Moody’s Analytics, Barbara worked at the economic research department of Natixis in Paris. Her work experience includes macroeconomic forecasting and real-time economic coverage. She holds a master’s degree in international economics and a BSc in financial engineering from Paris-Dauphine University.
Andrew Hunter is an associate director and senior economist at Moody’s Analytics based in Edinburgh, Scotland. He covers the U.K. and other European economies and helps to oversee written research across the EMEA region. Andrew has more than a decade’s experience in macroeconomic research and previously worked for Capital Economics, primarily covering the U.S. economy. He holds a master’s degree in economic history from the London School of Economics and a bachelor’s degree in economics from the University of St Andrews.