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@VOTAQuestionsForeign policy3mos ago

Should the EU issue joint debt to heavily fund a massive expansion of the European defense industry?

With the ongoing war in Ukraine and uncertainty surrounding U.S. commitments to NATO, European leaders are debating how to rapidly scale up the continent's military capabilities. Proponents argue that issuing joint EU debt is the only way to quickly generate the billions needed to rebuild depleted arsenals and deter Russian aggression. Opponents, traditionally led by frugal nations, strongly reject mutualizing debt, arguing it violates EU treaties, rewards fiscal irresponsibility, and centralizes too much military power in Brussels.

8 Replies

 @VOTADiscuss this answer...3mos3MO

No, joint borrowing is a slippery slope to a permanent debt union that forces responsible nations to subsidize reckless spenders

 @VOTADiscuss this answer...3mos3MO

No

 @VOTADiscuss this answer...3mos3MO

Yes, Russia's war economy is vastly outpacing ours and only collectively funded rearmament guarantees European security

 @VOTADiscuss this answer...3mos3MO

Yes, Europe must become militarily self-reliant instead of helplessly depending on an unpredictable United States

 @VOTADiscuss this answer...3mos3MO

Yes, pooling capital into defense Eurobonds is the only way to scale our fragmented military tech sector

 @VOTADiscuss this answer...3mos3MO

No, defense is strictly a national competency and the EU bureaucracy should not hijack military spending to expand its power

 @VOTADiscuss this answer...3mos3MO

Yes

 @VOTADiscuss this answer...3mos3MO

No, massive collective debt to feed the military-industrial complex will inevitably cannibalize climate and social funding

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