Started investing in European stocks via mutual funds since last week. Let's gooooo🚀🚀🚀🌕
World News
A community for discussing events around the World
Rules:
-
Rule 1: posts have the following requirements:
- Post news articles only
- Video links are NOT articles and will be removed.
- Title must match the article headline
- Not United States Internal News
- Recent (Past 30 Days)
- Screenshots/links to other social media sites (Twitter/X/Facebook/Youtube/reddit, etc.) are explicitly forbidden, as are link shorteners.
-
Rule 2: Do not copy the entire article into your post. The key points in 1-2 paragraphs is allowed (even encouraged!), but large segments of articles posted in the body will result in the post being removed. If you have to stop and think "Is this fair use?", it probably isn't. Archive links, especially the ones created on link submission, are absolutely allowed but those that avoid paywalls are not.
-
Rule 3: Opinions articles, or Articles based on misinformation/propaganda may be removed. Sources that have a Low or Very Low factual reporting rating or MBFC Credibility Rating may be removed.
-
Rule 4: Posts or comments that are homophobic, transphobic, racist, sexist, anti-religious, or ableist will be removed. “Ironic” prejudice is just prejudiced.
-
Posts and comments must abide by the lemmy.world terms of service UPDATED AS OF 10/19
-
Rule 5: Keep it civil. It's OK to say the subject of an article is behaving like a (pejorative, pejorative). It's NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
-
Rule 6: Memes, spam, other low effort posting, reposts, misinformation, advocating violence, off-topic, trolling, offensive, regarding the moderators or meta in content may be removed at any time.
-
Rule 7: We didn't USED to need a rule about how many posts one could make in a day, then someone posted NINETEEN articles in a single day. Not comments, FULL ARTICLES. If you're posting more than say, 10 or so, consider going outside and touching grass. We reserve the right to limit over-posting so a single user does not dominate the front page.
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
Lemmy World Partners
News [email protected]
Politics [email protected]
World Politics [email protected]
Recommendations
For Firefox users, there is media bias / propaganda / fact check plugin.
https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/
- Consider including the article’s mediabiasfactcheck.com/ link
Europe’s Plans
The EU summit in Brussels is taking place today. I’ve lost count of how many there have been in the past two weeks—this might be the fourth? Zelensky will also be attending. I assume this summit will be crucial for shaping the EU’s future policy on Ukraine.
If any major decisions are made—especially regarding funding the war not just with money but also with weapons to replace U.S. supplies—it will happen now. There’s no more time to delay; Trump has already halted deliveries, so if not now, then when? However, I expect things will end much the same way as before.
The problem is that Europe simply lacks the physical capacity to supply weapons to the Ukrainian Armed Forces. Financial aid is one thing—money can still be found or printed—but weapons are another matter. For instance, a representative of the Bundeswehr has once again confirmed that Germany has exhausted its ability to send anything from its stockpiles to Ukraine.
But there are financial issues too. Ursula von der Leyen has presented her plan for rearming Europe, which has already been met with significant criticism in the Western press. Her plan includes:
Spending €800 billion on rearmament;
Creating a €150 billion credit fund for collective arms procurement;
Attracting private investment into the defense sector;
Offering incentives to countries that increase military spending.
However, this is merely a wishlist. Ursula is not a tactician but a strategist. The EU leadership doesn’t have—and won’t have—real money for this plan. The document itself states that the €800 billion should come from national governments, primarily by lifting borrowing restrictions. In other words, she is proposing that individual countries take on debt to rearm their militaries in exchange for vague incentives that will never truly offset the costs.
At the same time, it seems national governments are struggling to convince their voters that rearmament is genuinely necessary. The average European doesn’t believe that Putin—who has been fighting a single country, Ukraine, for three years without capturing a single regional capital and is now looking for a way to end the war—would suddenly turn around and attack NATO. Given the rising wave of nationalist sentiment in Europe, voters are focused on entirely different issues that contradict the idea of sharply increasing military spending.
As for real assistance, Politico reports that even the proposal to allocate €20 billion from EU funds is no longer being pursued due to opposition from Hungary. Anyone who thought Hungary was merely bargaining now has their answer—Orbán is seriously blocking military aid, unlike sanctions, which he has negotiated over before.
There is nothing stopping individual countries from pooling the same €20 billion without Hungary if they genuinely want to help Ukraine. But it’s clear that few are willing to do so. Those who do want to help already do—for example, Ireland recently announced a €100 million aid package, though it appears to be non-lethal aid, likely radar systems. But Ireland didn’t need Ursula or the EU to make that decision; if they want to help, they simply do. France, Italy, and similar countries could do the same, but they don’t.
That’s why I don’t see any reason to expect today’s summit to change anything. We’ll hear a lot of big words, see very little action, and once again, Zelensky will be pressured not to clash with Trump and to agree to his deals.
They'll have to make sure to skim wealth from the top and get it to the people at the bottom of they want to keep voters away from the far right.
Unlikely with Black Rock Merz being in charge
A robust Europe that could be more assertive on the world stage is good for the world in the long run. I say that as an American. Best of luck to the Germans, EU as a whole, the UK, and everyone else in the region.
LET'S FUCKING GOOO
heavy insistence on this mechanism was how smallest (liberatian-ish) party of last coalition iirc limited defense spending including military aid to Ukraine. in last elections they fell under electoral threshold and have no seats in bundestag at all, rip bozo, you won't be missed
If I remember correctly, this js also why DB is in such a shit condition, it needs a LOT of investment, but the government couldn't raise debt to pay it off over time.
were there people advocating for privatizing DB?
Always have been, DB is technically a for profit open capital company, but 100% of its shares are owned by the government (thats why its called Deutsche Bahn A.G., the ag stands for "share company"). It used to be a normal governmental body but was made that to privatize it later, something that never happened. Most Germans I know would rather take DB back than privatize it.
The FDP does that every few elections. Just wait, they'll bobble up like shit in a sewer in a few years. As always. It's absolutely mind-boggling for me how my fellow Germans can fall for them again and again.
"Get back in the locker, nerds"