Faced with the starkest security environment for in decades, and against the backdrop of competing security priorities by the US as its strongest ally, the European Union (EU) has embarked on a plan to reverse its under-investment in defence and rebuild military capability through the Readiness 2030 initiative. Andrew MacDonald, head of Janes Defence Budgets, and Guy Anderson, head of defence markets and economics at Janes, join Sean Corbett to discuss the costs ahead and the outlook for success.