Article

2022-03-28 Europe

Germany looks set to cut development aid

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Posted by trailing wife 2022-03-28 00:07|| || Front Page|| [10 views ] Top

#1 ...It says something for the events of the last 30 days that the GERMANS have suddenly realized that the world wasn't passing them by, to the point where they are looking hard at buying a ballistic missile defense system.

The F-35 purchase was stunning enough, as it's been understood on the Continent for many years that the -35 isn't so much a purebred fighter as a low-observable light bomber with a really robust air-to-air capability. The Germans were hoping to quietly go out of the nuclear strike business along with their Tornados, and thanks to Putin's inability to read a room that's now a non-starter.

Mike

Posted by Mike Kozlowski 2022-03-28 08:29|| 2022-03-28 08:29|| Front Page Top

#2 Lol. Nice to see Germany's got their priorities straight. Continue the war! Famine and starvation für alle!

"The budget of Germany's Ministry for Economic Cooperation and Development is to shrink to €10.8 billion — while the defense budget is set to increase to over €50 billion.

Ukraine and Russia are also major grain exporters — and those exports will now all but dry up as the war continues.

"The war in the world's breadbasket is having a dramatic impact on global nutrition," warned Development Minister Svenja Schulze, from the center-left Social Democrats (SPD).

Germany is set to cut its contribution to the World Food Programme by 50% to €28 million. "This amount will not be enough to compensate for crop failures and prevent famine," Schulze warned.

Posted by Zenobia Flase5021 2022-03-28 08:41|| 2022-03-28 08:41|| Front Page Top

#3 I'm sure all the dual use trade Chermany has done with iran will stand them in good stead to buy a nuke or two down the road.

Posted by M. Murcek 2022-03-28 09:02|| 2022-03-28 09:02|| Front Page Top

#4 "The German Institute for Economic Research (DIW) warns of inflation of up to 7 percent due to the war in Ukraine and up to 10 percent in the event of an embargo on Russian oil and gas."

The Germans seem to have forgotten their unpleasant acquaintance with hyperinflation during the last century. Following the Pied Piper of Washington, over the cliff

Posted by Throsing Hatrack4559 2022-03-28 10:37|| 2022-03-28 10:37|| Front Page Top

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