Paywall removed. https://archive.ph/BkIad

Doesn't it take only 1 of the counties with veto power to shut this down? Why would Russia ever approve?

Edit: Had a brain fart. Thanks for the corrections. Leaving my dumb comment anyway.

That's 20 billion per year. The EU's alone defense spending for 2023 was 270bil. This is not a lot of money.

I know NATO doesn't have unlimited resources, but given that this is an explicit proxy war with Russia, doesn't $100bn seem kind of paltry? That makes it appear that they're planning on continuing cash infusions from the US.

221 days until the next U.S. presidential election

Can Ukraine hold on that long?

The problem NATO has with this proxy war can't be solved by printing money. The issue lies in the lack of industrial production in the west, and you can't just create a huge industry for producing weapons and ammunition out of whole cloth.

This will be a fantastic vehicle for pushing for austerity in Europe though. The oligarchs have been very upset that Europeans enjoy a social safety net and things like pensions. The need for massive military spending will be a perfect justification for stripping these rights away from the workers. Europeans are about to start enjoying American style freedoms.