FirstlyEuropean Reality Check: Without The US There Is No NATO And No Ukraine | ZeroHedge
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Good luck EU coming up with 860B. Basically another trillion for EU's yearly budget. They will go broke trying to make up that shortfall while keeping their enormous bloated welfare state alive, they would have to axe the welfare.
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Well according to a quick google search Russia is currently spending $500 million to $1 billion per day on the war in Ukraine. That is roughly $180 - $365 billion per year. The upper end seems more realistic to me. $365 billion is massive for an economy with only $2 trillion of GDP. That is 18.5% of Russian GDP.
$1.3 trillion compared to Europe's GDP of $20 trillion that is 6.5% of EU GDP and and even lower percentage of NATO (excluding U.S.A.) GDP given that NATO also includes some non EU countries. In terms of NATO countries excluding USA $1.3 trillion is probably something like 4% (maybe even less) of their GDP. So are telling me spending 4% of GDP will bankrupt the NATO alliance but Russia spending 18.5% of their GDP will not bankrupt them? And lets remember the EU has access to a much bigger and more liquid bond market than Russia and can much more easily raise debt. No to mention taxes are much higher as a percentage of GDP in the EU than they are in Russia. I am just not seeing how the NATO alliance will go bankrupt before Russia does. It just does not add up. And that is not even taking into account what Magoo correctly pointed out that you are conflating total military spend with spending on the Ukraine war.
Samseau you are living in fantasy land if you think the NATO alliance will go bankrupt before the Russian government goes bankrupt.