As the US retreats from global commitments, Europe is re-arming. That will change the maths for companies and debt loads, in countries as different as Poland, Germany, Spain and Portugal. In the second part of Unhedged’s visit to the IE Business School in Madrid, hosts Katie Martin and Rob Armstrong talk with the FT’s Spain and Portugal correspondent Barney Jopson about the increase in military spending, and how it will all be paid for. They also take questions from the audience.
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