One notable consequence of the Ukraine conflict and the ongoing confrontational stand-off between the West and Russia is the dramatic surge in military spending among several European countries. However, this unprecedented militarization of economies across Europe portends a disastrous Greek-style future of crippling debt for these same countries. Those most at risk from a future hangover of military overspend in the years ahead include the Baltic states, Poland and the Scandinavian countries. This outcome may indeed explain why Washington and its closest NATO allies have embarked on what appears to be a reckless geopolitical confrontation with Russia. The tensions being …read more
Source: Ron Paul Institute