$860 billion rearmament plan fuels European defense stocks
www.voanews.com
Germany’s Rheinmetall, Britain’s BAE Systems and France’s Thales among firms recording double-digit gains

European defense firms appear set to profit from a massive EU investment in armaments, as the bloc reacts to a U.S. pivot away from Europe’s security under President Donald Trump.

    • axh@lemmy.worldEnglish
      5·
      2 days ago

      Why? If we use that money to develop our own manufacturing capabilities (as we should) that might actually create a lot of jobs.

      • lnxtx (xe/xem/xyr)@feddit.nlEnglish
        2·
        2 days ago

        Do we have the European affordable housing program? No.
        Do we have a surplus money? No.

        What happened during the COVID-19 pandemic? Inflation, cause we printed the money.

        • axh@lemmy.worldEnglish
          4·
          2 days ago

          Ok, but you could use exactly the same argument against ANY government expanse.

          Free health care? Free education? Why “waste” money on that?

          We are just one of the richest regions of the world, we can’t throw money around on luxuries like safety and freedom. If the little green men try to take over Estonia, we can always show our solidarity by drawing hearts next to the Estonian embassy. When Adolf Trumpler reaches for Greenland we can express serious concern /s