Europe, is a different story. During the Greek debt crisis, some retirees committed suicide because they were driven into financial ruin. We assumed Brussels had learned from the past, from the days when people took out zero-down-payment loans to buy Suzukis, only to drown in debt later. But clearly, the banks and arms manufacturers (and their major shareholders) have different priorities. British, German, French, and Italian arms producers are celebrating, the EU's massive rearmament plan announced recently by Ursula von der Leyen.
Europe, is a different story. During the Greek debt crisis, some retirees committed suicide because they were driven into financial ruin. We assumed Brussels had learned from the past, from the days when people took out zero-down-payment loans to buy Suzukis, only to drown in debt later. But clearly, the banks and arms manufacturers (and their major shareholders) have different priorities. British, German, French, and Italian arms producers are celebrating, the EU's massive rearmament plan announced recently by Ursula von der Leyen.
Let’s be clear: Europe must be capable of defending itself. It’s hypocritical to reject U.S. interference in European affairs while expecting NATO’s protection. But this is about the long-term future, not just Putin, Trump, or Zelensky. They will be gone one day, but our grandchildren and great-grandchildren—will still be here. We cannot accept the enormous financial burden that comes with unchecked borrowing. Lesons of recent history, Nicolae Ceausescu repaid Romania’s national debt but impoverished his people in the process. Meanwhile, Janos Kadar took on massive loans, leading to Hungary falling under the control of the World Bank and Soros's foundation. Low debt goes hand in hand with sovereignty. And if Washington or Brussels offers to "help"—that’s when one should be most cautious.
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