With Sweden now in, us Euros need a wake-up call to INCREASE SPENDING NOW 📈📈📈💪
With Sweden now in, us Euros need a wake-up call to INCREASE SPENDING NOW 📈📈📈💪
38 comments
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Greece is only spending money because it doesnt want to be invaded by, fellow NATO ally, Turkey. If Turkey was a normal country, Greece spending would have been at 1.5-2%.
Greece doesnt care about Russia, if Russia disappeared tomorrow, nothing would change about the Greek defense spending.
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Credible level, maximum.
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Well, the article I read about the artillery donation mentioned that they were reopening a factory for the production of more shells with the intent to increase their reserves.
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Honestly, as long as that stock is getting replaced donating anything to Ukraine is pretty cost effective spending for NATO defence.
It's directly reducing Russia's operational capacity.
Count it.
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It's a bit misleading to use 2023 GDP with 2015 PPP, not to mention this doesn't include Ukrainian aid
I mean yes, let's boost our defence spending, but also Luxembourg using 2% is just silly considering their circumstances
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Luxumberg can pony up and meet their goals by buying two more rifles or they can get out!
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Luxembourg alone vaporizes corporate taxes from the EU amounting to half the EU's GDP. Yearly.
According to the Panama Papers.
We still remember that, right?
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so you're saying we can have EU army and Luxemburg can fund it?
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Are the budgets calculated the same way in all countries? Or at least comparable?
I've heard that e.g. in Germany pensions for soldiers are not calculated as defence spending, because it's just a regular pension, the same civilians also get. However in the US the department of defense is directly responsible for that so it counts as defense spending. However I have no idea if that is true or if that is already considered in the 2% figure.
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where is sweden at? i guess they do meet the quota
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Since Sweden joined literally yesterday.
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It's all about the money
It's all about the dumdum dumdedee dum
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Now do by total currancy.
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And now by area the military has to keep control of.
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Nice
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38 comments
Surely Luxembourg can hire an extra guy to meet the 2% requirement.
What's the point Jorge can see the whole country from his tower
Sometimes Jorge needs a nap.
Other way round. They take in so much tax haven income for their size they have a huge GDP/capita.
It's 3x the size of the UK.
Luxembourg is essentially spending the same amount per person as the UK on 0.7% vs. 2.1%
If they matched up they'd be spending triple the amount per person.
It would be even starker if it was by land area. Or border length.
I'd fix that graph by forcing companies to report revenue where it's generated, not in Luxembourg to avoid tax and regulation.