You are completely deluded, so in your opinion Europe should massively produce military equipment and drones and spend billions and billions for that when the money is needed in many other areas, and then you say that you would solve Europe's problems with that and Europe would see high economic growth.... are you even listening to yourself?
Europe’s problems are not because of a lack of money. Europe is wealthy. It has plenty of money to fix its problems. What it lacks is the will to do it, and a coherent strategy.
Europe doesn’t have to choose between supporting Ukraine and fixing its problems. It can easily do both.
If Europe invested more in its own arms industry, it would create additional high paying jobs for qualified people like engineers and IT specialists, as well as blue collar jobs in manufacturing. The cost? Almost nothing.
You see, money is just a convention. Those billions of euros you keep hearing about, they are created out of thin air, by inventing a new credit that is added to already bloated balance sheets. It’s just accounting. Europe doesn’t need to take money from its population to finance Ukraine, because it is borrowing it.
You will ask, then why isn‘t Europe creating money to fix those other problems, like housing and healthcare? The thing very few people understand is that creating money out of thin air has different effects, depending on two major factors: who does it, and what does it do with it.
If a small country prints money to pay salaries and pensions, the immediate effect would be high inflation and currency devaluation. However, when Japan prints trillions of Yen just to rollover its debts, or when the US did repeated rounds of QE, you didn’t see the Yen or the dollar collapse, and neither rampant inflation. That’s because the money was not directed to consumption.
What creates inflation is money given to people in the form of wages, pensions or welfare payments. This is because that money immediately translates into additional demand for goods and services, raising the price. And when the additional demand boosts imports, it also devalues the currency.
But when the newly printed money is directed towards weapons production, the effect on inflation is negligible. Other than the jobs created in the sector, where some people earn higher wages and can spend more, the largest part of the spending goes itnto weapons production that end up blowing things in Russia.
The money just add-up in an accounting balance sheet, while Russia burns. Never in history a region/country had the opportunity to defeat one of its greatest adversaries by just adding numbers in a balance sheet without sacrificing anything else. Only people who are economically illiterate would pass such an opportunity.
The only cost for Europe if it decided to build more weapons would be a boost in the import of components, which could theoretically have a negative effect on the value of the Euro. But at this point, with so much Euro denominated debt hanging over Europe, and with such high wages keeping competitivity low, a little devaluation of the Euro would be more than welcome, especially if it came together with reindustrialization and technological research.
But of course its easy to talk when you don't even live in Europe and couldn't care less about the people here.
I come back to Europe every year, and I care a lot about it. And because I care about it, I don’t want my country to become Russia’s neighbour. I want Ukraine to recover its territory, as a buffer against the Russian threat. I want Transnistria to be disinfected, and the best case scenario would be for Russia to be expelled from Kaliningrad and for Belarus to be removed from Russia’s influence, and turned into a future EU member.
The more Russia is forced to retreat and more Eastern European countries join the EU, the better postioned my country becomes. I don’t want Romania to remain at NATO’s and EU’s periphery, with all the risks resulting from that. If Moldova and Ukraine would join, and Russia would be expelled from Crimea and the Donbass, Romania would suddenly be closer to Central Europe and further away from the periphery.
It’s easy for you to not care about the Russian threat, because Switzerland sits comfortably between friendly European countries. But for Romanians, Poles, Latvians, Lithuanians, Estonians, Norwegians or Finns, the Russian threat is real, and we want Russia to be torn into smaller states no longer capable to threaten us. It is pure geopolitics.
