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Can Europe Afford to Defend Itself? Rob Murray on the new Security & Resilience Bank
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Europe faces a strategic reality: deterrence requires more than political will — it requires the ability to finance it.
In this episode of the Eastern Frontline podcast, MEPs Reinis Pozņaks and Roberts Zīle speak with Rob Murray, the CEO of the Defence, Security & Resilience Bank, a former Head of Innovation at NATO and architect of the NATO Innovation Fund, to unpack why Europe’s defence financing model is no longer fit for purpose.
Murray explains:
- Why the defence industrial base cannot scale without access to credit
- How regulatory constraints block SMEs from entering defence supply chains
- Why the Defence, Security & Resilience Bank could be a game-changer
- The limits of the EIB’s mandate — and why complementary instruments are needed
- The strategic risk of defence inflation and multi-year procurement uncertainty
- How a transatlantic, Indo-Pacific coalition of shareholders could accelerate production
A clear message emerges: Europe needs new financial architecture if it wants real deterrence.
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