This war will kill the European economy.
It's certainly going to be rough, but security comes before economy. I need to see the E.U. be all in here. The weapon's transfers are nice, but let's face it, the backlog of Soviet weaponry that many Eastern European nations are sending, needs to be replaced anyways, with Western weapons suppliers supplanting Russia as the new source.
On the financial front, the EU should be AT LEAST matching, dollar for dollar what the trio of USA, Canada and Britain donate to the war effort. If that trio of countries announces a combined $2.7 billion in new spending (like they did two weeks ago) the E.U. must continue to match their spending, showing a vested, European response, to a European conflict.
If a country as small as Canada (44 million people) is in for $2 billion in donations and loans to this point, with another $500 million on it's way, I expect the same out of the European countries that are similar, or even larger.
In terms of GDP, these are the 16 countries that fall into the top 25 globally, that are contributing to Ukraine's defense.
#1 USA: $20.89 Trillion
#3 Japan: $5.06 Trillion
#4 Germany: $3.85 Trillion
#5 UK: $2.76 Trillion
#7 France: $2.63 Trillion
#8 Italy: $1.89 Trillion
#9 Canada: $1.64 Trillion
#13 Australia: $1.33 Trillion
#14 Spain: $1.28 Trillion
#17 The Netherlands: $914 Billion
#18 Switzerland: $782 Billion
#19 Turkey: $720 Billion
#21 Poland: $597 Billion
#22 Sweden: $541 Billion
#23 Belgium: $522 Billion
#25 Austria: $433 Billion
Every single country ranked #1-#14 on that list (countries with GDPs in the trillions) should be in for a minimum of $2 billion dollars at this point, while countries ranked #17-#25 should be in for at least $1 billion dollars at this point.
That would represent approximately $25 Billion in funding and procurement for Ukraine at this point, not counting another $4-$5 billion that could be scraped together from the smaller, but still relatively wealthy economies in Europe. That also fails go take into account Ukraine's own spending and need to drain their own coffers in order to ensure their self-defense.
