- cross-posted to:
- world
- cross-posted to:
- world
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Europe wanting to decouple themselves from the USD is a big deal. I feel like we should stress how bad of an economic signal this is regarding the state of the American dollar.
To mitigate the impact of a second Trump presidency, Nato countries should support the creation of an allied multilateral lending institution, in practice a Nato bank, it says. This could “save nations millions on essential equipment purchases, offer low interest rates on loans to alliance members and introduce a new line of financing with longer repayment timeframes. The bank would be funded with initial subscriptions from Nato members in return for authorised capital stock”.
Nato countries should support the creation of an allied multilateral lending institution
For financing domestic improvements and improving the quality of life of residents, right?
International Arms Industry cash-register noise
Right?
I don’t remember the exact number but European Nato countries spend a lot of their military money outside Europe. They need to make their own industry and they know it.
Specifically in the US, the world’s largest military exporter.
But jacking up global military spending isn’t going to hurt the largest arms industry in the world.
