Terry Schultz
👤 PersonAppearances Over Time
Podcast Appearances
Well, today I expect leaders to move forward. Now, whether they can reach the required unanimity yet is unclear. But there's a new package of proposals on how they can come up with 800 billion euros. That's more than 860 billion dollars in defense spending.
Well, today I expect leaders to move forward. Now, whether they can reach the required unanimity yet is unclear. But there's a new package of proposals on how they can come up with 800 billion euros. That's more than 860 billion dollars in defense spending.
Well, today I expect leaders to move forward. Now, whether they can reach the required unanimity yet is unclear. But there's a new package of proposals on how they can come up with 800 billion euros. That's more than 860 billion dollars in defense spending.
That would be partly in loans backed up by the EU for buying new weapons, and partly by setting aside EU penalties on having too much debt so that governments can now drastically increase their military spending.
That would be partly in loans backed up by the EU for buying new weapons, and partly by setting aside EU penalties on having too much debt so that governments can now drastically increase their military spending.
That would be partly in loans backed up by the EU for buying new weapons, and partly by setting aside EU penalties on having too much debt so that governments can now drastically increase their military spending.
Well, yeah, going into more debt isn't popular, but I spoke with former Dutch Defense Minister Kaise Ollengren about this, and she said that politicians and officials just need to help their people understand that U.S. unpredictability means it's urgent now to mobilize all the tools they have available. to scale up both their domestic defense and support for Ukraine.
Well, yeah, going into more debt isn't popular, but I spoke with former Dutch Defense Minister Kaise Ollengren about this, and she said that politicians and officials just need to help their people understand that U.S. unpredictability means it's urgent now to mobilize all the tools they have available. to scale up both their domestic defense and support for Ukraine.
Well, yeah, going into more debt isn't popular, but I spoke with former Dutch Defense Minister Kaise Ollengren about this, and she said that politicians and officials just need to help their people understand that U.S. unpredictability means it's urgent now to mobilize all the tools they have available. to scale up both their domestic defense and support for Ukraine.
If you boil it down, I think it comes down to turning the European economy into a war economy. These are difficult choices and you have to explain them to people, but it has to be done. Now, earlier suggestions to declare a war economy in Europe didn't get traction because many leaders felt it was too drastic. and would unnecessarily scare people. So you can see how things have changed.
If you boil it down, I think it comes down to turning the European economy into a war economy. These are difficult choices and you have to explain them to people, but it has to be done. Now, earlier suggestions to declare a war economy in Europe didn't get traction because many leaders felt it was too drastic. and would unnecessarily scare people. So you can see how things have changed.
If you boil it down, I think it comes down to turning the European economy into a war economy. These are difficult choices and you have to explain them to people, but it has to be done. Now, earlier suggestions to declare a war economy in Europe didn't get traction because many leaders felt it was too drastic. and would unnecessarily scare people. So you can see how things have changed.
Well, they're at least seriously considering those scenarios, including researcher Giuseppe Spadafora with the EU Institute of Security Studies. He told me that even the fear of the U.S. disengaging could destabilize the transatlantic relationship further.
Well, they're at least seriously considering those scenarios, including researcher Giuseppe Spadafora with the EU Institute of Security Studies. He told me that even the fear of the U.S. disengaging could destabilize the transatlantic relationship further.
Well, they're at least seriously considering those scenarios, including researcher Giuseppe Spadafora with the EU Institute of Security Studies. He told me that even the fear of the U.S. disengaging could destabilize the transatlantic relationship further.
So Spadafora says Europeans' concern about this possibility may end up leading them to make policy decisions in favor of the Trump administration.
So Spadafora says Europeans' concern about this possibility may end up leading them to make policy decisions in favor of the Trump administration.
So Spadafora says Europeans' concern about this possibility may end up leading them to make policy decisions in favor of the Trump administration.
Well, French President Emmanuel Macron has really tried to be that leader. And as the head of one of two nuclear powers in Europe, he has a lot of weight in defense issues. So in an evening address, he said he'll call together European army chiefs to discuss a potential peacekeeping force and says he's even considering extending the French nuclear deterrent over the rest of Europe.
Well, French President Emmanuel Macron has really tried to be that leader. And as the head of one of two nuclear powers in Europe, he has a lot of weight in defense issues. So in an evening address, he said he'll call together European army chiefs to discuss a potential peacekeeping force and says he's even considering extending the French nuclear deterrent over the rest of Europe.