Quote (zorzin @ Feb 18 2025 12:09pm)

Yhe EU is set to send Ukraine an unprecedented aid package of up to €700 billion ($732 billion), though details are murky at present.

The package would not be announced until after the Feb. 23 German elections, German Foreign Minister Annalena Baerbock told Bloomberg on the sidelines of the Munich meeting, as reported by German outlet Berliner Zeitung.
https://www.kyivpost.com/post/47347

This would definitely bolster the EU's reputation for sure. Imagine if America thought it could decide European affairs without the Europeans present, and Europe decides to bankroll ukraine even without uncle sam's greenbacks. Its also not just about the dollary-doos, but if the euros will allow ukraine to buy more advanced European military tech.

Quote (babun1024 @ Feb 18 2025 12:51pm)

I personally know developer/project manager for automations of Gefran (a company we sometimes order machines from). He needed to visit China and Japan. He told me their culture requires them to work long ours and the working day was too long for him. When Chinese workers came to the Italian plant in Brescia province, they were totally exhausted after a 8h day because the working pace is totally different.
The example may be anecdotical but both Chinese and Italians are human being. You can't concentrate too long or exercise the same amount of productivity over a long span of time. It's much more likely that Asians work longer hours with more people and less intensity while people in western 1st world countries get done just as much in 8 hours per day. No company pays you for just sitting there, so both kinds of people get the work done.

Quote (El1te @ 18 Feb 2025 21:59)

They're poor and can't afford it. Unless they want to hyperinflate the Euro and print that 700 billion.

Quote (zorzin @ Feb 18 2025 03:09pm)

Yhe EU is set to send Ukraine an unprecedented aid package of up to €700 billion ($732 billion), though details are murky at present.

The package would not be announced until after the Feb. 23 German elections, German Foreign Minister Annalena Baerbock told Bloomberg on the sidelines of the Munich meeting, as reported by German outlet Berliner Zeitung.
https://www.kyivpost.com/post/47347

This would definitely bolster the EU's reputation for sure. Imagine if America thought it could decide European affairs without the Europeans present, and Europe decides to bankroll ukraine even without uncle sam's greenbacks. Its also not just about the dollary-doos, but if the euros will allow ukraine to buy more advanced European military tech.

Quote (Black XistenZ @ Feb 18 2025 01:07pm)

Government spending in the EU stood at over 7.5 trillion euros in 2022, and that's without the UK (and Norway).
https://www.statista.com/statistics/1379290/government-expenditure-eu-spending-total-by-function/


It's a stupid idea and I reject it, but it would be more "easily" feasible than you think.



edit: trillion, not billion...

Quote (El1te @ 18 Feb 2025 22:24)

And what is the deficit on that? What fraction of the deficit would 700 billion represent?

It's printing even more money they don't have = more and more inflation

Quote (Black XistenZ @ Feb 18 2025 01:27pm)

It really depends on the timeframe. Incrasing the budget by almost 10% in one year without anything to offset it would of course cause inflation. Increasing the budget by 2% over a span of 5 years, probably not that big of a problem.

Quote (El1te @ 18 Feb 2025 22:33)

There wouldn't be any Ukrainians left after 5 years, it's madness plain and simple there's no sugarcoating it, printing money destroying your own civilization to keep funding a bloodbath

Quote (Black XistenZ @ Feb 18 2025 01:39pm)

Like I said: it's a stupid idea and I reject it. Nonetheless, your objection that it wouldn't be economically feasible is probably wrong (depending on the details of this plan).