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this post was submitted on 31 Mar 2024
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Europe
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That 19 trillion isn't spendable money at all though. Learn the difference between GDP and a budget.
We're already at high inflation, high interest rates and little to no growth - the situation is extremely precarious in Europe. We could easily end up like Argentina or Turkey.
You learn being a nice person. Your arrogance and condescension is uncalled for.
Comparing state expenditures as a percentage of GDP is widespread: contributions of EU member states to the EU budget is defined as a percentage of their GDP, as is the NATO defence spending target.
Nah, not really.
Awwww not your feelings.
I really like how you took the comment into consideration and added to the conversation instead of just jumping in and trying to start shit.
Oh I considered what his comment was worth in context. Fucking near zero just whining.
Don’t worry, I’ll listen to your feelings about their comment.
Dude, inflation just got back under control, we're at like 2.6% annual. Growth was never much different than now, the US is back where it was during the 2010s.
The situation might be precarious, but it's more because of asset inflation and the related housing inflation, rather than an economy being strained to the brink. And of course the political problems.
TBH the bigger question is whether the EU will find the willingness to help, not the money.
All of GDP is spendable if the will is there. It's not at the moment, but let's see how this decade turns out.
GDP isn't state-owned - we aren't a Communist state (thankfully) - and any attempt to get close to that would destroy the GDP.
All property is potentially subject to government seizure. Just like we're all military reservists. These things are implicit, and we just hope and pray it won't come to that. But total war is definitely on the cards this decade, at least for some countries.