4 ms·
Isn't the investment too small? I think 1B or even 4B are pocket change when you want to boost a whole economy sector.
by visarga 5y ago
Isn't the investment too small? I think 1B or even 4B are pocket change when you want to boost a whole economy sector.
- ben_w 5y agoYes, but the EU as an institution is (ironically) exactly the sort of small hands-off interstate-trade-focused organisation that the American right wish the USA federal government was. Total GDP for the USA and the EU was fairly similar before Brexit, but the 2019 EU budget was €148.2 billion in both revenue and expenses compared to the USA federal budget of $3.5 trillion revenue and $4.4 trillion expenses. Most of the budget and power is in the hands of member states.
- dr_dshiv 5y agoNice analysis!
- hef19898 5y agoWhich means you should include member state budgets, as the EU has no social systems, militaries etc... to find. Comparing EU member states to US states is just plain wrong.
- ben_w 5y agoThis is an EU-as-an-institution fund, so no. EU member states have bigger startup funds: https://www.bloomberg.com/news/articles/2021-06-22/germany-sets-up-12-billion-fund-to-finance-technology-startups https://www.bloomberg.com/news/articles/2021-06-22/germany-s...
- lnsru 5y agoI share your opinion. Printing money and giving it to Lufthansa isn’t better in any way.
- tester756 5y agoI don't think let's remember that decent EU SE salary is 3-5k USD Except Zurich, London hubs.