The Guardian view on defence spending: bold ideas needed to have guns as well as butter | Editorial

WThe chicken settlement of wars is equivalent to chaos, providing population and permanent grievance fuel, and the result is more war. This was former Foreign Minister William The Hague Ruling On Donald Trump’s approach to the peace industry, drawing lessons from the Balkans, World War II and the Middle East. A more safe world will require Britain to increase defense spending. The UK is currently unable to maintain the deployment of the main forces in Ukraine, undermining the idea that Kyiv could provide. “Security guarantees“.

This is a dilemma that it faces throughout Europe, which leads the European Union to see it Displaced defense spending on deficit As the answer. On the other hand, Britain apparently is still binding on economic Orthodoxy, giving priority to financial discipline for borrowing. It is clear that the UK Treasury Department asked unprotected public services – except for health, education and defense – preparation for Discounts in real features up to 11 % Before reviewing the June spending, where money is transferred to the army. This will be a mistake.

Britain’s austerity contradicts the majority of the European Union countries that seem ready to implement the lobby lessons to enhance defense, confront Russian threats and reduce dependence on the United States. in Munich Security ConferenceHead of the European Commission, Ursula von der Layen, indicated a major financial shift, calling forEscapeTo exclude army Spending from the rules of deficit in the European Union – reflects Covid’s response, when the European Union has suspended financial restrictions to enable spending on motivation.

This is it Pragmatism The transformation, with the recognition that the threat of a recovery specialist exceeds the budget budget imposed. Mr. Kiir Starmer must take a flag. If the Treasury Ministry funds the defense by reducing the existing budgets, departments such as justice, local government and luxury will suffer from real discounts to their expenses. This will be not sustainable politically. The new classic economists may argue that Britain’s debt to GDP is very high, but remains Similar For those from France, Italy and Spain. It can be said that defensive spending also has a high financial double, generating more economic activity and creating job opportunities more than other expenditures.

Mr. Trump calls on NATO members to spend 5 % of gross domestic product Defense. This is historically forced Convert In the European Union policy, it is possible that a precedent for future deficit exemptions in green investment and industrial policy is determined. Europe must also respond to Mario Dragi’s advice: In crises, fiscal policy must drive growth and recovery. in DecemberThe former European Central Bank of Europe varied with the motivation of the United States, noting that after the financial collapse, the United States achieved 7.8 Triton in its economy by spending on deficit, while the euro area managed 560 billion euros. Striking the restrictions in Europe growth, while the United States used it more effectively.

In this volatile world, the European Union and Britain must address the debts of the Kofid era. continuous Negotiations The borrowing of the epidemic in the European Union indicates more austerity in the future – misleading, because this spending was not reckless but rather a necessary crisis. The European Central Bank must absorption The debts of the European Union portal to prevent further austerity and enhance recovery. In Britain, the Bank of England must stop selling Covid debts, as it raises revenues and unnecessarily tightens financial conditions.

“There are contracts when nothing happens; and there are weeks when contracts occur,” Lenin is often transferred as saying. The past seven days have confirmed how quickly history moves – and how governments should adapt quickly. Europe has already started this shift. It should follow Britain.

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