@robin_j_brooks It is surprising that you define as loans a balance of payments. The Spaniards need to transfer money to German banks when they buy machines from German manufacturers.
@robin_j_brooks You are describing standard balance of payments tracking, not loans. It’s a mechanism of the single currency area. Also, these TARGET2 imbalances peaked during the COVID crisis, have stabilized over the last three years, and are decreasing significantly relative to EU GDP.
@robin_j_brooks@TrackNetWorth It may be sad, but staying on to see the consequences of your actions is not happening for CEOs, politicians and central bank governors. And btw TPI might turn out as having positive effects.
Time will tell.
@BrankoMilan If you blame Serbia in 1914 for the whole WWI perhaps you should revisit the causes of that war. Europe as a "powder keg" where a major war was about to break out anyway.
In 1938 Czechoslovakia was silenced about Sudetenland, but WWII broke out nevertheless.
@La_manina__ Paesi come 🇩🇪 e 🇮🇹 hanno orientato le proprie scelte verso ingenti investimenti nella difesa, sia a livello nazionale che 🇪🇺 e non USA, mentre altri Paesi si rivolgono sempre più a fornitori alternativi non statunitensi (come 🇫🇷, 🇰🇷 e joint venture europee quali MBDA e Diehl).