Europe's new security economy: inside the rise of defense financing
Update: 2025-12-03
Description
In this episode, Sandra and Björn sit down with Catherine Rückel, Partner at PwC Luxembourg and special guest Matthias Wittenburg, Senior Executive Advisor at PwC Strategy& and current lieutenant colonel in the German Army, to explore one of the most fast-moving topics in Europe today: defense financing.
Together, they explore why the defense landscape is shifting, from the rise in hybrid attacks to Europe's growing need for resilience and strategic autonomy. They break down what this means for industry players: the surge in public spending, the emergence of dual-use innovation, and the new opportunities (and challenges) for private companies entering the sector for the first time. The conversation also highlights Luxembourg's pivotal role in financing defense-related infrastructure, cybersecurity, and venture capital initiatives.
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