- cross-posted to:
- business@lemmy.world
- cross-posted to:
- business@lemmy.world
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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”.
I won’t pretend to understand the financial workings of this. Trump is a menace and NATO leadership has good reason to feel as they do. What that said though, I think this may be a good decision regardless of who wins the presidency.
Intstead of a NATO bank the focus should be on developing European weapons. NATO has become an acronym for Raytheon customer.
They should be using organic locally sourced bullets made by Mom and pop weapons dealers.
It’s something we should have done back in 2016 already, heavily reducing our reliance on the US in cases like that. Be it militarily or economically. The EU can’t keep being the third player in whatever world we are heading right into.
I am a bit puzzled at European response to the Ukraine invasion. The initial support was slow (obviously due to economic ties to Russia). It took sometime to galvanize some meat into the assistance being provided to Ukraine. Still not seeing leadership being taken on this issue by any of the bigger NATO nations (i.e. Germany, France). Part of this I suspect is that they are playing it smart by letting US take the leadership AND fund the Ukrainian defense thus costing them little. Part of it is perhaps the belief that Russia won’t touch non-former USSR countries. But what European countries should realize is, the current world order depends on respecting the borders. If one country is allowed to take territories from another by hot conflict, we’re going to see more of this elsewhere in the world, including in Europe! Threat of war, and wars are the enemy of trade, investment, and economic growth. It will impact Europe directly or indirectly.
Yeah, because of US interference and the EU complacency on having a unified army/defense system, we’re absolutely not ready if the US went rogue with a guy like Trump.
It’s very worrying for the future …
It’s really honestly baffling to me. The EU reaction to Trump trying to fuck up NATO integrity and cohesion in his first term was… essentially nothing but conversations and hopeful thinking, as far as I can tell.
I fucking detest Trump, but there is a kernel of truth in his statements about Europe more or less just riding on the US’s coattails in terms of the balance of military power, instead of trying to be a meaningful and (taken together) a peer power to the US. Moreover, if the balance of power and capability was closer between the US and the EU, the US would probably be a lot less likely to just categorically push the EU around.
The post-Soviet peace dividend era is well and truly over - in fact, it ended at least a decade ago (really, probably closer to two). It’s for Europe to start acting like it.
Just because the US government likes to funnel trillions to their military industrial complex instead of healthcare, doesn’t mean the rest of NATO has to do the same. Even without the US, NATO already spends more on defense than Russia and China combined, even before the invasion of Ukraine.
Most of the EU has missed the target GDP spend by a significant margin for decades. The failure to penalize the annexation of Crimea and the EU’s almost wholesale inability to provide material to Ukraine without compromising their own defensive postures can be traced heavily to this funding failure.
Obama’s soft stance on Russia was certainly a large part of our current situation, but Merkel and the overly pacified EU were major contributors as well.
The 2 percent of GDP target is imaginary. They made it up, in no small part because of lobbying from the defense industry. There is no reason for NATO to spend so much more than all other countries combined.
Stopping Russia should have been done through economic and diplomatic means. No amount of NATO bombs or tanks would have stopped the invasion. It only would have fueled the flames and given legitimacy to Russia’s claimed insecurity. Economic power is much stronger than military sabre rattling. The EU is founded on that exact principle and it’s the reason why it’s still together.
The 2 percent of GDP target is imaginary.
The target was set so that no country would be able to join NATO and then just let everyone else pay for everything. You contribute to the common defense or you GTFO.
We can bicker about 2% being too high or too low and whether the target should have been adjusted Post Cold War but any argument that some target isn’t necessary is just silliness.
No amount of NATO bombs or tanks would have stopped the invasion.
Oh I’m fairly certain that NATO military power would have stopped the invasion in the first 24 hours. A single flight of F-35s would have made those original Russian convoy’s cease to exist à la the Highway of Death from 1991.
Even now NATO military power could substantially end the ground war in Ukraine before the end of the month.
It only would have fueled the flames and given legitimacy to Russia’s claimed insecurity.
So what? NATO didn’t do it and there’s STILL an ongoing war with a casualty toll well over a million and millions more displaced.
Economic power is much stronger than military sabre rattling.
Then the EU should have flexed them in 2014. They didn’t and here we are.
I fucking detest Trump, but there is a kernel of truth in his statements about Europe more or less just riding on the US’s coattails in terms of the balance of military power, instead of trying to be a meaningful and (taken together) a peer power to the US.
You don’t have to point to Trump. Literally every United States President since Bill Clinton has publicly said it. Hell Bush Senior may have said it too. I’d have to go look it up.
It’s been a sore spot for decades and has nothing to do with Trumperoni.
OP, absolutely love your username. 💜💯
