Thoughts on why Europe should call Trump's bluff on Ukraine; why a common defence fund is a test of European seriousness; and how Europe can seize Russia's frozen assets legally
Europe faces some tough choices that go beyond how to fund increased defense spending. Higher defense spending becomes easier with higher GDP growth rates, which European economies are already habitual laggards.
Add increased taxation and borrowing to already anemic GDP growth and you generally don’t have a viable long term strategy for success. At some point Europe will have to make the difficult guns vs. butter decisions.
Thanks, the older ones remember the pre-peace dividend level of taxation to keep a much bigger military
I think its fairly obvious that taxes will have to go up. But politicians don’t want to adress that elephant herd in the room.
Merz even waffled something about possible maybe tax reductions, right
Yes, I agree, though that doesn’t make a common European fund any less necessary, both to drive efficiencies and deliver public goods
And as a starting point of a deeper European financial market. In case the man has more mad ideas
Europe faces some tough choices that go beyond how to fund increased defense spending. Higher defense spending becomes easier with higher GDP growth rates, which European economies are already habitual laggards.
Add increased taxation and borrowing to already anemic GDP growth and you generally don’t have a viable long term strategy for success. At some point Europe will have to make the difficult guns vs. butter decisions.
I think you are a war mongering Russophobe. I am unsubscribing.
What's the weather like in Moscow today?
Er....