Feed_el_Castro

You can look this up yourself! Just go to an aerial view of any soviet looking neighbourhood in any eastern block country. Random example from Kazan:

Trees pretty much surround every building block

This is widely repeated and only partially true. Prior to WW2, the Eastern Block was mostly preindustrial, meaning 90%ish of people lived rural peasant lives in rural areas and rural housing. They literally had to build housing in cities for half of the population of the eastern block, and they successfully did it in record time.

I mostly wonder which money will finance all this, state debt?

Here in Sweden they currently "solve" it by the state loaning a bunch and just pushing the problems with financing onto the next government

State expenditure for states which can issue their own currency isn't hard-capped, the state can literally just create more currency to pay for whatever it wants. EU states relinquished the ability to fund themselves by giving this power to the European Central Bank, which has a rather strict policy of an arbitrary 3% yearly deficit.

Though neoliberal propagandist ghoul economists tell us continuously that states are funded through tax revenue, this is false: why would a state need to collect the same currency that it can create in arbitrary amounts? The thing is: they're aware of this themselves, they only keep this lie to public in order to falsely equate public finance to private finance. Everyone understands that a private household cannot continuously spend more money than it receives, so extrapolating this in a false equivalency to public finances is a wonderfully easy propaganda exercise to lie as to why "there's no money for healthcare/pensions/education".

They prove they lie when, suddenly, those spending limits are erased when it comes to military spending: the EU announced already that public spending targeting the rise of military expenditure to 5% of GDP will not have to comply with the EU deficit rules. So, it turns out we could all along increase our public spending for healthcare, education and pensions, and the thing preventing us was NOT taxation, was NOT financing, it was EXCLUSIVELY dictated from the top.

Whether the funding comes from debt or from direct creation of currency by the ECB is very irrelevant, Japan for example has like 300%GDP of public debt and it's not a burden to the economy. It will never be a burden, because that debt is denominated in Japanese Yen, of which the government can create unlimited amounts, so there's never any risk of default. The only time in which Euro countries have suffered from debt issues was when they democratically elected progressive leaders (such as Greece's Syriza) and, in response, the ECB threatened to either comply with austerity or stop funding them. Again, the problem was not debt, it was the top-down dictating austerity under threat of artificial bankruptcy.

A miserable little pile of secrets!