Two moves in two months suggest Europe is following a stealth strategy to secure military independence—and it looks a lot like the plan we mapped out earlier this year.
Good. As long as Europe can protect itself without US shenanigans I will be pleased. Trump’s foreign policy changes almost from day to day—and it’s not even a policy, just a gut instinct…No one can function against that backdrop.
One thing is missing, and it's an economic necessity. Hedging takes money, as does investing heavily in EU military, and a lot of it. So the time has come to finally start issuing Eurobonds.
And the time for Eurobonds couldn't be better. Eurobonds could take over the function of US bonds as the safe haven of last resort in troubling times.
With Eurobonds taking on that function, the EU could, figuratively speaking, create ('print') money and sell them to foreign investors the way the US has done for many decades without inflationary effect.
That would basically create the boundless money-tap the EU will need...
The status of US dollar as a reserve currency for almost all the world trade esp the oil trade has been a huge boost for USA money printing and debt increase. Europe then would need to encourage tariff free trade to take USA's reserve currency status place -think China is following that policy with Africa and Latin America but they also have this nasty policy of choking these countries with sent and interest. Europe can be more imaginative and take the whole board if they play it smart.
Good. As long as Europe can protect itself without US shenanigans I will be pleased. Trump’s foreign policy changes almost from day to day—and it’s not even a policy, just a gut instinct…No one can function against that backdrop.
Thank you for this great analysis!
One thing is missing, and it's an economic necessity. Hedging takes money, as does investing heavily in EU military, and a lot of it. So the time has come to finally start issuing Eurobonds.
And the time for Eurobonds couldn't be better. Eurobonds could take over the function of US bonds as the safe haven of last resort in troubling times.
With Eurobonds taking on that function, the EU could, figuratively speaking, create ('print') money and sell them to foreign investors the way the US has done for many decades without inflationary effect.
That would basically create the boundless money-tap the EU will need...
yep. 100%.
The status of US dollar as a reserve currency for almost all the world trade esp the oil trade has been a huge boost for USA money printing and debt increase. Europe then would need to encourage tariff free trade to take USA's reserve currency status place -think China is following that policy with Africa and Latin America but they also have this nasty policy of choking these countries with sent and interest. Europe can be more imaginative and take the whole board if they play it smart.
I meant debt and interest...
Ukraine won't join NATO...it will be "folded" into this new European defense structure. Problem solved.
yep
I can't say that I blame the Europeans one bit. Even if the entire Trump regime disappeared tomorrow, the damage has already been done.
Putin wins, America loses, dumb Donald!
It is ok. Good to have two. Europe and US.
Europe had to defend itself against Russian aggression!
American Fascism demanded these moves for European Defense Integration!
Period!
Kudos. Let's hope it keeps moving.