While the French Minister of the Armed Forces Florence Parly multiplies the declarations on a possible plan to revive the defense industry in the country, many analysts believe that the public deficits for 2020, as for the years to come, will constrain each government to reduce all their non-priority investments, including those in Defense.
Whether in Europe, the United States or Asia, the majority of governments have agreed to lower their public deficits in an attempt to save what may be their economies. In Europe, following the example of the 2008 financial crisis, governments as well asEuropean authorities have agreed to stand surety to a series of loans at very reduced interest rates, in order to allow companies to refinance themselves and avoid filing for bankruptcy. At the same time, European states have taken charge of a significant part of the overall wage bill of their fellow citizens with partial unemployment measures, again in order to protect businesses and allow them to avoid defaulting on payment during the crisis. . In the United States, the Federal Reserve has granted $ 2300 billion in loans to businesses and individuals, while the government continues to announce investment plans to try to keep the economy afloat. Despite this, more than 25 million Americans lost their jobs in the first 3 weeks of confinement.
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