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The Indicator from Planet Money

Can Europe stand without the US?

The Indicator from Planet Money

NPR

Business

4.79.2K Ratings

🗓️ 26 March 2025

⏱️ 10 minutes

🧾️ Download transcript

Summary

As relations between the US and Europe continue to sour, European countries are working to lower their reliance on the U.S. for weapons and security. Today on the show, we ask what Europe needs to do to become independent militarily and what potential barriers could stand in the way.

Related episodes:
Europe's NATO members take an economic hit (Apple / Spotify)
Two Indicators: Economics of the defense industry (Apple / Spotify)

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Transcript

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0:00.0

NPR.

0:11.7

This is the indicator from planet money.

0:13.9

I'm Patty Hirsch.

0:15.1

And I'm Adrian Ma.

0:16.3

This week, more evidence surfaced of the Trump administration's axe to grind with Europe.

0:21.4

It came from a leaked group chat with texts from Vice President J.D. Vance and Defense Secretary Pete Hegeseth.

0:27.3

In this conversation, they're discussing whether to launch a military strike on Houthi rebels in Yemen, which have been disrupting commercial shipping in the Red Sea.

0:35.5

Vance said he just hated, quote, bailing Europe out again,

0:39.6

unquote. Hexeth replied, quote, I fully share your loathing of European freeloading. It's pathetic,

0:46.2

unquote. All of this means that things are getting real in Europe.

0:51.2

If Europe wants to avoid war, you must get ready for war.

0:58.4

This was European Commission President Ursula von der Leyen, speaking at the Royal Danish Military

1:03.8

Academy last week. At the same time, European leaders were working on a rearmament plan,

1:08.8

aimed at decoupling Europe from the U.S.

1:14.3

and lowering its reliance on America for weapons and security.

1:19.6

So today on the show, we'll ask what Europe needs to do to stand alone militarily without America,

1:22.9

how long that might take, and what the barriers could be.

1:24.7

That's coming up after the break.

1:32.2

This message comes from Wise, the app for doing things in other currencies.

1:36.6

Sending or spending money abroad, hidden fees may be taking a cut.

1:41.9

With Wise, you can convert between up to 40 currencies at the mid-market exchange rate.

1:44.9

Visit wise.com. TNCs apply.

...

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