EU accused of building ‘war economy’ amid deepening poverty
As governments across the European Union continue to grapple with growing financial gaps, some analysts believe the 27-nation bloc is quietly steering towards a war economy.
A statement on military spending made late Thursday night at an EU leaders’ summit in Brussels appears to support that claim.
It's going to be billions and billions, actually 800 billion, up to 800 billion till 2030, and we want a very clear return on investment by creating jobs here in the European Union.
Ursula Von der Leyen, EU Commission President
According to the EU's own statistics agency, Eurostat, at least 93 million people across the bloc are living at risk of poverty or social exclusion. That's 21% of the EU's population.
Critics say that with so many struggling citizens, EU leaders have their priorities entirely misplaced.
For example, the summit agenda starts off by revealing that the EU and its member states have provided 177.5 million euros to Ukraine since 2022, including 63 billion in military support.
Then, close to the very bottom of the agenda, there is a mention of the need to address a growing housing crisis within the EU itself.
EU governments should be focusing on peace over war, according to many lawmakers in the bloc.
Hungary is an EU member state; you're blocking their money. Ukraine, which is not a member state, you're giving them hundreds of billions of euros.
Young people in the EU who need it don't get it, while you send it all to Zelensky.
Milan Uhrik, Slovakian MEP
The EU has now approved its 19th round of sanctions against Moscow aimed at cutting energy imports from Russia to zero.
In its place, the bloc is importing far more expensive gas from the United States, with the higher costs passed on to businesses and inevitably to consumers already under financial strain.
Meanwhile, the EU arms industry is booming.
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