Archive: https://ghostarchive.org/archive/zRSLH
EU member states will not be able to spend €150bn of new funding for defence on US weapons, as Brussels seeks to rapidly increase the continent’s security while also developing its domestic arms industry.
The European Commission has proposed borrowing the €150bn worth of loans against the EU budget for member states to spend on weapons, as part of a push by European capitals to rapidly increase their defence capabilities in response to Donald Trump’s return as US president.
“These loans should finance purchases from European producers, to help boost our own defence industry,” commission president Ursula von der Leyen told the European parliament on Tuesday.
That means the cash would only be spent on weapons from EU nations and other like-minded European countries such as the UK, Norway and Switzerland, said officials briefed on her thinking.
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@misk You are absolutely right, and we are already seeing the fruits of our vote in our arms industry, which is in sharp decline, in stark contrast to pretty much everywhere else in the world.
Voting to sell arms to countries at war is basically equivalent to not exporting arms at all, because what country is stupid enough to buy from a country that cuts off supplies when it goes to war?
We will live with the consequences, but the people have decided, not some politicians.