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financing the european military-industrial complex......

BRUSSELS, March 5th. /tass/. The European Commission (EC) estimates the total level of unused savings of EU citizens at €10 trillion, and it intends to find ways to mobilize this money to finance its plans to militarize Europe and support the European military-industrial complex. This is stated in a statement issued by the EC's press service by Maria Luis Albuquerque, European Commissioner for Financial Services and Investments.

"A significant part of Europeans' savings lies in the form of deposits at very low interest rates (from 0.3 to 0.8% per annum) and even in the form of cash reserves. The mobilization of even a small part of these resources will make it possible to change the investment landscape in the EU," the European Commissioner said.

"The plan announced by the head of the European Commission, Ursula von der Leyen, for the rearmament of Europe will be largely based on attracting these private investments," Albuquerque said.

According to her, Europe's problem is the gap between idle savings and businesses in need of funds. Therefore, the EC intends to create a new scheme for raising funds from private owners for investments in EU industry, which will be implemented within the framework of the EU program called the Union of Investments and Savings.

According to von der Leyen, the European rearmament plan, which EU leaders will discuss at the summit on March 6, should attract €800 billion to the EU military industry by 2029. 

 Source: https://tass.ru 

YOURDEMOCRACY.NET RECORDS HISTORY AS IT SHOULD BE — NOT AS THE WESTERN MEDIA WRONGLY REPORTS IT.

 

         Gus Leonisky

         POLITICAL CARTOONIST SINCE 1951.

 

SEE ALSO: https://www.youtube.com/watch?v=c1AtM53falg

macron militaire....

Macron urges EU to ditch US arms makers
The French president has said the bloc should prioritize its own military industrial complex

The EU must cut its reliance on US-made weapons and prioritize European alternatives, French President Emmanuel Macron has said. In an interview with French media published on Saturday, Macron argued that the bloc’s rearmament efforts would be more effective if member states stopped “buying American” and instead turned to the EU's military industrial complex.

His comments followed European Commission President Ursula von der Leyen’s recent proposal to mobilize up to €800 billion ($875 billion) in debt and tax breaks for the bloc's military industrial complex.

Brussels insists the 'ReArm' militarization plan is aimed at countering an alleged “threat” from Russia, an idea Moscow has dismissed as baseless.

In the interview, Macron revealed that he recently met with French defense industry leaders to encourage them to position themselves as alternatives to US suppliers.

“I suggested to manufacturers that they could, on systems where we have the best products, approach European states that have gotten used to buying American,” Macron said.

“Those who buy Patriots, we must offer them the new generation Franco-Italian SAMP/T. Those who buy the F-35s, we must offer them the Rafale,” he added, referring to US missile defense systems and fighter jets and their European analogues.

To make European alternatives more appealing, Macron acknowledged that defense companies need to lower costs, simplify processes, and optimize production. He also linked the issue to growing economic tensions with Washington, citing US President Donald Trump’s recent threats to impose tariffs on EU goods.

“Faced with unpredictable powers, we simply need to be less dependent on them. This means accelerating our sovereignty policy, notably by developing our own production and strategic culture, to be more independent in matters of defense and technology,” he stated.

Macron said he plans to discuss his proposals with incoming German Chancellor Friedrich Merz in the coming days.

READ MORE: Volkswagen welcomes weapons opportunity

A report last week by the Stockholm International Peace Research Institute (SIPRI) found that [Western] Europe's arms imports have more than doubled in the past five years compared to the previous five-year period. Two-thirds have come from the US, up from just over half in the previous period. SIPRI researcher Pieter Wezeman noted that while Europe has taken steps to boost its defense industry, reliance on American arms remains deeply rooted.

 

https://www.rt.com/news/614337-macron-europe-defense-equipment/

 

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YOURDEMOCRACY.NET RECORDS HISTORY AS IT SHOULD BE — NOT AS THE WESTERN MEDIA WRONGLY REPORTS IT.

 

         Gus Leonisky

         POLITICAL CARTOONIST SINCE 1951.