Nope! EU is not getting an Army. Not even a Sock-legion

Europe finds itself in a challenging economic predicament, exacerbated by substantial expenditures on pandemic-related lockdowns and energy subsidies, leaving the average European nation in a tight fiscal spot. A prime example of this economic strain is observed in Germany, which recently announced a budget plan committing to a debt issuance cap of €39 billion, in adherence to its constitutional debt brake, pegged at % of GDP. Despite currently allocating 1.4% of its GDP to military spending, German Defense Minister Boris Pistorius has proposed an ambitious increase to 3.5% of GDP. This proposal, which would require approximately €80 billion, raises critical questions about the feasibility of such a financial leap, highlighting a widespread disconnect between military spending ambitions and the stark realities of budget constraints, a discrepancy that seems to escape media scrutiny and political discourse. Join this channel to get access to perks: Support us on Patreon - Website - Instagram - Facebook - Twitter - Telegram - This channel is owned, operated, and managed by, TFI Media Private Limited. #europe #gdp #europeanunion #economy #germany #europenews #ukraine #russia #putin #news #breakingnews #tfiglobal #newsanalysis #geopolitics