"The EU is to agree on a plan for Europe's reinforcement on Thursday. The needs are estimated at EUR 500 billion over 5 years. The money must come partially from national budgets, which the European Commission loosens the rigors of fiscal discipline. Further countries, including France and Germany, are announcing an increase in expenditure for this purpose. Brussels will besides propose joint funds. possibly without the EU budget, in the form of an intergovernmental initiative. This would let the Hungarian or Slovak veto to be bypassed, as well as inviting Ukrainian allies outside the European Union, specified as the United Kingdom and Norway, to take the initiative. The question is, where do I get the money? To begin with, the EC announced that it would issue instructions on the loosening of fiscal rules. From different countries, the thought is to borrow them together on behalf of the EU, as it was borrowed to rebuild the economy after the pandemic. According to Bruegel experts, for the EU as a whole, the increase in defence spending over the next 5 years will should be at least EUR 500 billion if Europe wants to become independent of the American safety umbrella. Macron speaks of the EU fund itself (without national spending) amounting to EUR 200 billion to the start. However, the EU fund may have limitations. First, it would require unanimity. And there are already voices of opposition from pro-Russian leaders specified as Orban or Fico. The Netherlands may besides be opposed. That is why the thought of a fund created by the coalition of volunteers has emerged, to which countries outside the EU could besides be invited. Politicians are besides looking for EU money in unused EU cohesion policy or post-pandemic recovery programme."
Tuesday's media review; will Germany reconstruct consumption?; The Army explains the F-16 painting
"The EU is to agree on a plan for Europe's reinforcement on Thursday. The needs are estimated at EUR 500 billion over 5 years. The money must come partially from national budgets, which the European Commission loosens the rigors of fiscal discipline. Further countries, including France and Germany, are announcing an increase in expenditure for this purpose. Brussels will besides propose joint funds. possibly without the EU budget, in the form of an intergovernmental initiative. This would let the Hungarian or Slovak veto to be bypassed, as well as inviting Ukrainian allies outside the European Union, specified as the United Kingdom and Norway, to take the initiative. The question is, where do I get the money? To begin with, the EC announced that it would issue instructions on the loosening of fiscal rules. From different countries, the thought is to borrow them together on behalf of the EU, as it was borrowed to rebuild the economy after the pandemic. According to Bruegel experts, for the EU as a whole, the increase in defence spending over the next 5 years will should be at least EUR 500 billion if Europe wants to become independent of the American safety umbrella. Macron speaks of the EU fund itself (without national spending) amounting to EUR 200 billion to the start. However, the EU fund may have limitations. First, it would require unanimity. And there are already voices of opposition from pro-Russian leaders specified as Orban or Fico. The Netherlands may besides be opposed. That is why the thought of a fund created by the coalition of volunteers has emerged, to which countries outside the EU could besides be invited. Politicians are besides looking for EU money in unused EU cohesion policy or post-pandemic recovery programme."
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