“Europe’s Remilitarization Myth” - The Honest Sorcerer

https://thehonestsorcerer.substack.com/p/europes-remilitarization-myth

Europe is re-militarizing as part of the ReArm Europe Plan (now renamed to Readiness 2030). The “ambitious defence package, providing financial levers to EU Member States to drive an investment surge in defence capabilities” enables the spending of over €800 billion, structured around increased public expenditure, capital markets and European Investment Bank lending. That is, financed entirely from debt (1). While one could argue whether Europe indeed faces a real security threat (more on that later), one thing is clear: re-militarizing Europe will be extremely expensive… And not only in monetary and social terms. Political views about perceived or real threats aside there is a strong case to be made that this initiative (if fully implemented) will pull the continent further deeper into the vortex of its accelerating economical and geopolitical decline.

#Europe #Militarisation #TheHonestSorcerer #ReArm #Rwadiness2030