A brilliant move from Europe.
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I think we should give a nuke to Ukraine. One would be enough to stop all this BS.
It's a bit premature to announce this, but yes VonderLeyen has announced the preparation of a defense package of approx. 700 B via this legal fiscal venue. Together with the EU Competitiveness Compass plan at around a minimum of 750 B, they will likely be aimed to reinforce each other. In addition, other parallel plans are being prepared, pending current developments.
added: Context: EU defense is now at 326 B in 2024 (consilium EU). Though Europe also includes UK and other countries ofcourse.
This newly announced extra package is like a minimum extra budget.
Don't sigh before any papers are signed, but...
...while they may get stuck for a while passing a measure of this volume (or someone will need to lure Orban out of the room while others push buttons) - the volume is doable.
For comparison, the NextGenerationEU budget allocation (spent in a dozen ways) to help countries recover from COVID damage) was worth 2 trillion euros, and it was possible to pass.
The actual part? Probably multipronged:
- supercharging EU and Ukrainian arms industries, especially ones that can be expanded fast (drones)
- reducing formalities that need to be followed
- buying the weapons some members have in reserve for a Russian attack (because some do)
- buying the weapons Turkey and Greece have in reserve for each other
- subsequently, raking the global market (including the US) for weapons that come loose for money
- allowing Ukraine to pay really attractive salaries to its own soldiers and foreign soldiers
P.S. And jokingly - buying all the optical fiber available in South-East Asia.