As geopolitical tensions reshape security priorities across the Atlantic, defense has become an increasingly important economic and financial issue. In this episode of Current Account, Clay Lowery is joined by Dr. Torrey Taussig, Director of and a Senior Fellow at the Transatlantic Security Initiative in the Atlantic Council’s Scowcroft Center for Strategy and Security, to unpack the outcomes of the recent NATO Summit in Ankara and what they reveal about the future of the alliance.

They discuss growing pressure on European allies to increase defense spending, questions surrounding U.S. leadership and commitment to NATO, and how governments are translating new funding pledges into real military capabilities. The conversation also explores the role of private capital in supporting defense investment, the lessons from conflicts in Ukraine and Iran, and the challenges facing NATO as it navigates an increasingly uncertain security environment.

This IIF Podcast was hosted by Clay Lowery, Executive Vice President, Research and Policy, with production and research contributions from Christian Klein, Digital Graphics and Production Associate and Miranda Silverman, Senior Program Assistant.

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