have you not been reading any of my posts of late? they simply cant change their course. its not in their DNA. i say "their" but its actually "our" leaders. smh.
There's always a breaking point even if the establishment wants to sacrifice it all there comes a point the people pull them out of their offices and hang them like they did with Mussolini
The EU could absolutely compete if the political will was there. But it isn't - and rightfully so! - because the stakes just aren't high enough for the Europeans, no matter how much their political leadership harps on about "existential threat" this and "zeitenwende" that. The European people wouldn't accept outright cuts to their entitlements or government services in favor of keeping Ukraine funded.
But hypothetically, if Russia was actually invading the EU, or acutely threatening to do it, the situation would be different. The reality is that Russia is far deeper into "wartime economy mode" than the EU, so the latter has significantly more room to move up a gear if the times really called for it. But that's obviously not gonna happen over Ukraine.
Face the reality
The EU is in debt up to their eyeballs. Countries are in debt, households are in debt and the ECB is drowning in debt
Quick refresher -->
2008 financial crisis, Greece was rescued because markets punished them for their uncontrolled spending this is how it works this is reality
Financial institutions had to be rescued
Banking crisis banks had to be rescued
ECB introduced Quantitative Easing program (buying up bonds from countries and companies to
stimulate the economy prevent collapse)
COVID pandemic rescue fund
Quote
The European Central Bank (ECB) reached a peak asset balance of €5,000 billion in June 2022 as a result of its quantitative easing (QE) programs, which included net asset purchases under its Asset Purchase Programme (APP) and the Pandemic Emergency Purchase Programme (PEPP).
This is reckless spending, complete insanity. How much debt is sitting on the ECB balance sheet when you add it all up, lol
EU countries can't even fund their own bloody budgets, are drowning in debt already and you're suggesting they can easily take on the largest nuclear power in the world which also happens to be the largest country in the world sporting vast untapped resources.
Face the reality or go broke