Defence is back on Europe’s spending agenda. With the war in Ukraine ongoing and geopolitical priorities shifting in the US, countries across the continent are rethinking how they defend their borders and looking to up their game.

But what happens when governments decide to spend? And what role do banks play in financing all this?

In this episode of This is Deutsche Bank, Fabrizio Campelli, the head of our Corporate Bank and Investment Bank and Management Board member discusses the topic with host Michael Steen.

01:48 – The background to Europe’s defence push and the challenges it poses, plus the change in public sentiment around defence spending. 

06:50 – The role of banks – like us – in financing the investment in defence, and how the funds would translate into building up the sector’s capabilities. 

11:59 – The structure of Europe’s defence sector, the funding challenges that small and medium-sized enterprises face, and how changing Europe’s capital markets infrastructure would help. 

19:56 – What is needed now. 

24:07 – Fabrizio’s dedication in his daily life 

Opinion piece by Christian Sewing https://www.linkedin.com/pulse/private-capital-can-strengthen-europes-defence-christian-sewing-xuaae/?trackingId=7OxWhl1zTxuW7lolLoVbwQ%3D%3D 

Deutsche Bank website http://www.db.com