
Defense Funding: Europe Is Wading Into Deep Debt Waters
To date, there are no credible estimates of the fiscal danger associated with NATO’s planned military expansion. We put numbers on it. Prepare to be shocked.

To date, there are no credible estimates of the fiscal danger associated with NATO’s planned military expansion. We put numbers on it. Prepare to be shocked.
U.S. Ambassador to NATO Matthew G. Whitaker said, “It’s definitely more than just missiles, tanks and howitzers—but it’s got to be defense-related.”
“As governments increasingly prioritize military security, often at the expense of other budget areas, the economic and social trade-offs could have significant effects on societies for years to come.”
Brussels did not conduct any impact assessments before making the decision.
PM Sánchez justified the multi-billion investment by saying “it’s obvious that only Europe will know how to protect Europe.”
“In the last ten years, we’ve increased our spending ten times,” Foreign Minister Kestutis Budrys said about his country.

As the EU’s benchmark borrower, Germany has dealt a blow to its bloc neighbours by massively upping spending on defence.

Centre-right leaders join the incoming chancellor in blaming Washington and Moscow for Germany’s massive future borrowing.

The EU Commission unveiled the details of its debt-fueled rearmament plan, excluding U.S. manufacturers unless Washington signs a defense agreement with Brussels.

The German centre-right and the left-wing parties bypassed the newly elected parliament to vote for Friedrich Merz’s spending spree.