Germany is bankrupt, and now, European officials are scrambling to cobble together a mind-blowing €700 billion defense package. The goal? To boost defense spending and support Ukraine, which, frankly, looks like a sinking ship.
700 billion euros. That’s the figure that’s being floated for a defense boost that “has never been seen before,” according to Germany’s Foreign Minister Annalena Baerbock. This “never-seen-before” number is part of Europe’s strategy to shore up its collective security against a growing Russian threat. But here’s the thing: Where is this money coming from? And who’s footing the bill? Certainly, not the average European taxpayer—who’s already been hit with inflation, energy crises, and more.
https://www.newsweek.com/europe-defense-package-700-billion-ukraine-boost-2032541