this post was submitted on 08 Jun 2025
38 points (95.2% liked)

Europe

6405 readers
934 users here now

News and information from Europe 🇪🇺

(Current banner: La Mancha, Spain. Feel free to post submissions for banner images.)

Rules (2024-08-30)

  1. This is an English-language community. Comments should be in English. Posts can link to non-English news sources when providing a full-text translation in the post description. Automated translations are fine, as long as they don't overly distort the content.
  2. No links to misinformation or commercial advertising. When you post outdated/historic articles, add the year of publication to the post title. Infographics must include a source and a year of creation; if possible, also provide a link to the source.
  3. Be kind to each other, and argue in good faith. Don't post direct insults nor disrespectful and condescending comments. Don't troll nor incite hatred. Don't look for novel argumentation strategies at Wikipedia's List of fallacies.
  4. No bigotry, sexism, racism, antisemitism, islamophobia, dehumanization of minorities, or glorification of National Socialism. We follow German law; don't question the statehood of Israel.
  5. Be the signal, not the noise: Strive to post insightful comments. Add "/s" when you're being sarcastic (and don't use it to break rule no. 3).
  6. If you link to paywalled information, please provide also a link to a freely available archived version. Alternatively, try to find a different source.
  7. Light-hearted content, memes, and posts about your European everyday belong in !yurop@lemm.ee. (They're cool, you should subscribe there too!)
  8. Don't evade bans. If we notice ban evasion, that will result in a permanent ban for all the accounts we can associate with you.
  9. No posts linking to speculative reporting about ongoing events with unclear backgrounds. Please wait at least 12 hours. (E.g., do not post breathless reporting on an ongoing terror attack.)
  10. Always provide context with posts: Don't post uncontextualized images or videos, and don't start discussions without giving some context first.

(This list may get expanded as necessary.)

Posts that link to the following sources will be removed

Unless they're the only sources, please also avoid The Sun, Daily Mail, any "thinktank" type organization, and non-Lemmy social media. Don't link to Twitter directly, instead use xcancel.com. For Reddit, use old:reddit:com

(Lists may get expanded as necessary.)

Ban lengths, etc.

We will use some leeway to decide whether to remove a comment.

If need be, there are also bans: 3 days for lighter offenses, 7 or 14 days for bigger offenses, and permanent bans for people who don't show any willingness to participate productively. If we think the ban reason is obvious, we may not specifically write to you.

If you want to protest a removal or ban, feel free to write privately to the primary mod account @EuroMod@feddit.org

founded 1 year ago
MODERATORS
 

https://archive.is/ragxN

France has racked up a mountain of national debt to reach a debt-to-GDP ratio of 113 per cent last year, behind only Greece and Italy. The budget deficit was also among the highest at 5.8 per cent of GDP at the end of 2024, far higher than the EU limit of 3 per cent.

you are viewing a single comment's thread
view the rest of the comments
[–] Hotznplotzn 7 points 2 weeks ago

This is on topic:

Russian defense spending eclipsed all other European countries combined in 2024 and is projected to increase further in 2025, according to a report published by UK's International Institute for Strategic Studies (IISS) in February 2025.

The IISS found that Moscow’s military expenditure spiked by over 40 percent to almost $146 billion [in 2024], equivalent to 6.7 percent GDP, and is on track to hit 7.5 percent GDP in 2025. When adjusted for purchasing power parity (PPP), Russia spent nearly $462 billion in 2024, effectively leapfrogging Europe’s collective spending. PPP is a tool used to remove price level differences between currencies in order to better demonstrate the purchasing strength of one over another.

IISS' estimates are in line with Russia's official budget numbers for 2024. According to the Kremlin's plans released back in last fall, defence spending will account for 32% of the total 2025 budget expenditure.

So it seems France and the others will have to find a way to manage this.