by Finn Andreen
Mises.org
The European political and financial elite knows that the war in Ukraine is lost but wants to use it as an opportunity to reach strategic independence from the United States. As the future chancellor of Germany Friedrich Merz said right after his electoral win on Feb 23: “It will be an absolute priority for me to strengthen Europe as soon as possible so much that it gradually really achieves independence from the United States.”
Such strategic independence needs money and investment—a lot of it—not only to boost defense but much else, like energy and innovation; areas in which Europe is lagging behind the US and China. In order to have the pretext to implement this spending plan, the idea among the EU elite is to make sure that the war in Ukraine does not end too quickly. That way the conflict can be used to justify artificially injecting much needed money into the moribund EU economies.