Conrad Black: EU’s Plan to Bolster Own Defence Makes Sense Amid US Foreign Policy Shift

Conrad Black: EU’s Plan to Bolster Own Defence Makes Sense Amid US Foreign Policy Shift
A German Air Force soldier prepares a vehicle before a convoy leaves to transport Patriot mobile defence surface-to-air missile systems to Poland from Gnoien, Germany, on Jan. 23, 2023. Annegret Hilse/Reuters
Conrad Black
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Commentary
The European Union has just announced an 800 billion-euro expansion of military expenses over the next five years. To achieve this objective, member states are being excused from observing the EU guidelines on avoidance of deficit financing, and a special program is being established by the union itself with a loan of 150 billion euros to individual members to assist them in meeting newly raised requirements for collective defense.
Conrad Black
Conrad Black
Author
Conrad Black has been one of Canada’s most prominent financiers for 40 years and was one of the leading newspaper publishers in the world. He’s the author of authoritative biographies of Franklin D. Roosevelt and Richard Nixon, and, most recently, “Donald J. Trump: A President Like No Other,” which has been republished in updated form. Follow Conrad Black with Bill Bennett and Victor Davis Hanson on their podcast Scholars and Sense.