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Europe has tried this in the past and the US has vetoed it. The dirty secret is America wants Europe to spend more money with American companies, not just spend
by ta1243 1y ago
Europe has tried this in the past and the US has vetoed it. The dirty secret is America wants Europe to spend more money with American companies, not just spend more on defence. America would rather 80% of a 100b defence industry than 20% of a 300b defence industry, both from a financial point of view and from a strategic point of view.
- toxicunderGroov 1y agoThey had a good thing going on but that will stop the moment our infrastructure is in place. And pretty soon like the US Europe will be looking to get a return on those investments :)
- philipallstar 1y ago> The dirty secret is America wants Europe to spend more money with American companies Well of course. Just as Europe wants American businesses to spend more money on the EU through fines.
- ta1243 1y agoEurope wants American companies to follow European laws when operating in Europe, same as it wants European companies to follow European laws when operating in Europe. America does not want Europe to have its own defence industry, as this makes Europe less reliant on America. Now I would argue that Europe needs to treat IT services (cloud etc) as a strategic importance like Food and Defence, and America has shown - not just over the last few months, but increasingly over the last decade, that it may not be the reliable partner Europe once thought it was. That would mean subsidising IT in Europe and increasing barriers to non-european services -- i.e. artificially increasing costs of AWS and Azure, but Europe hasn't done that yet.