Sweden is in many ways the canary in the coal mine for the European economy. The latest figures from February show a record 62% increase in company insolvencies compared to the same month last year. This makes 19 consecutive months of rising insolvency rates, with over 900 companies exiting the market in February. Scandinavia's largest country is deep in a severe economic depression. No matter what figures the state authorities try to distract the public with.
115 sats \ 4 replies \ @Undisciplined 1 Mar
Is Europe going to ramp up military spending to cover over these bad economic trends?
I'm concerned that we're seeing the old pattern of politicians going to war to distract from failing economies.
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52 sats \ 0 replies \ @TomK OP 1 Mar
What you can also see here is that the European military complex, which is largely dominated by Germany and France, is trying to detach itself from its American counterpart. War is now also being used to introduce these so-called Eurobonds in the form of war bonds. Europe, i.e. the European Union, is trying to introduce a new tool of sovereignty by using the European taxpayer as security. in order to achieve this, it needs the scaremongering about a possible Russian invasion of core European states.
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31 sats \ 1 reply \ @Signal312 1 Mar
Do we have to start thinking about the demographic problem here - i.e. there's not enough young people in Europe to go to war?
That might be one benefit of a plummeting birthrate. Less inclination to war.
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0 sats \ 0 replies \ @Undisciplined 1 Mar
That's what drones and missiles are for. I hope you're right, though.
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31 sats \ 0 replies \ @knyght 1 Mar
failing economies and wars go hand in hand. still don't believe European politicians are eager to go to war. if it was true, military spending and production would have already been larger chunk of the previous budgets.
Europe is changing with times.
at this point there's too much geopolitical risks to not boost military spending.
at the end of the day: printer go brrr
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21 sats \ 1 reply \ @TheBTCManual 1 Mar
no wonder they're pushing the whole we just joined NATO news, trying to drown out stories like this, I guess they're saving grace is that they have their own national currency so less friction about issuing more to paper over these things in the medium term.
I guess when you go from negative interest rates up to 3% even though it seems small the amount of borrowing makes those servicing costs impossible for many a business and I guess households, wonder how defaults on consumer debt is doing, home, auto and credit card, can't be looking pretty either
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1 sat \ 0 replies \ @TomK OP 1 Mar
yes, you're absolutely right. the whole club is built on zero interest rates. now none of what they want can be financed anymore
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