Given the war in Ukraine, does it make sense to talk of a war economy in the European Union?

Talk of a war economy in the European Union, in light of the war in Ukraine, seems very exaggerated for the time being: The need for defence spending has certainly increased, as has the capacity to produce arms, but the European Union’s defence spending remains low compared with that of other countries; There has been no diversion of production or wage earners to the arms industry; The increased need for investment in renewable energies (in the energy transition) would have been present without the war in Ukraine, simply to meet Europe’s climate commitments; The support for purchasing power put in place in European countries is a simple acceleration of what would have been needed given the rise in energy prices due to the energy transition. The economic tensions caused by the war in Ukraine are quite similar to what would have been caused , without the war in Ukraine , by the normalisation of Europe’s defence effort and by the energy transition.