and standardization across European militaries. 19:59 - Why is Europe's procurement process so slow, and how does it hinder adaptation to wartime needs? 23:59 - Can promoting horizontal cooperation and flexible funding overcome bureaucratic hurdles in European defense? Suggestions include establishing fast-track wartime procedures and promoting direct, horizontal relations between European startups and Ukrainian military units, possibly with flexible funds managed by private entities. 27:59 - What is the economic rationale for joint European defense financing through shared borrowing and assets? 31:59 - How has Russia financed its war effort, and what short-term mechanisms has it relied upon? 35:59 - What are the current vulnerabilities and long-term economic fragilities facing Russia's war economy?