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Germany approves historic €500 billion spending planwww.euronews.com/2025/03/21/germanys-upper-house-clears-historic-defence-spending-bill
102 sats \ 4 comments \ @Coinsreporter 21 Mar econ
The legislation will amend the country's constitutionally- enshrined fiscal rules allowing the government to massively boost military spending. It will also create a €500 billion special fund to finance infrastructure projects over the next twelve years.
The historic agreement will mean billions more euros can be spent on Germany's defence sector.
Yeah, all we see the rise of Germany the leader and pioneer of warmongering in Europe.
Trump talks peace, he's hated but EU talks financing wars and is praised!
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20 sats \ 0 replies \ @028559d218 22 Mar
I have an unpopular opinion but I'm going to share it anyway...
I believe that NATO wants peace. Germany wants peace. The US wants peace (I think) but that is... elusive in today's world a 'dangerous world'.
The rise of China as an economic competitor has put the US and Europe in full-blown political crisis... and the response from MAGA and Mr Trump is... total complete denial plus economic nonsense.
Germany is not a 'warmonger' it is an advanced economy, parliamentary democracy and member of the G7. A flawed maybe but by-and-large free society. Somehow the US has abandoned its values and role of leader of the G7 to pursue... complete nonsense and economic protectionism as if that will 'slow' China (it won't).
So Germany has to step up to the plate to be more economically competitive... and a guarantor of Europe's security with war on the European continent.
Eventually the Americans will 'get over' their denial, but by then it will probably be too late.
Germany has been put between a rock and a hard place, as the Americans like to say.
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20 sats \ 1 reply \ @Undisciplined 21 Mar
The media and ruling class much prefer war to peace...as long as it's not happening where they live.
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31 sats \ 0 replies \ @Coinsreporter OP 21 Mar
Yes, you're right. I see why they are now turning towards bolstering defense. They're now seeing an opportunity with US not going to be supplier of war machines to Ukraine. But I don't think they'll be successful because before they'll even notice, the war will be over in Ukraine.
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0 sats \ 0 replies \ @Shugard 21 Mar
Magic Money Printer goes brrr
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