The EU focus on weapons shows it is losing sight of social priorities
The ammunition output in Sopot Bulgaria is soaring to meet record demand. Germany is investing heavily to expand the site, but critics say the EU's focus on weapons shows it is losing sight of social priorities.
The issue has just dominated a debate in the European Parliament.
We now have 487 billionaires in the European Union, and their combined wealth grew by 405 billion euros this year.
At the same time, we have 93 million citizens who are threatened with poverty, affecting 20 million children.
Gabriele Bischoff, German MEP
The European Central Bank warned on Thursday that US tariffs of up to 15% on EU exports imposed by Donald Trump in July are adding fresh uncertainty to the bloc's fragile economy.
New export orders in manufacturing point to further declines the full impact of higher tariffs on euro area exports and manufacturing investment will only become visible over time.
Christine Lagarde, President of the European Central Bank
Amid the widening gap between the rich and the poor, experts maintain that the higher tariffs are bad for ordinary people.
In the US it's going to impact inflation, It's going to raise prices for consumers.
In the EU, we are already with a laggard economy, and this is going to affect our economy even worse.
Dr Ruben DeWitte, Economist
Germany remains the EU's economic engine, however, its vital car industry is faltering.
As the social crisis across the 27 nation bloc deepens, there are calls for targeted funding, because poverty means different things to different people.
The homeless people camping outside the parliament; does that count as poverty?
If you belong to the 3.5 million in Germany who can't afford to heat their homes; is that poverty?
Or working people who find it difficult at the end of the month; does that count as poverty?
Dennis Radtke, German MEP
Critics say the European Union has lost sight of its founding values of social justice and solidarity as military budgets soar while ordinary Citizens fall further behind.
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