ThisEurope fiscalfaces flexibilityan underminesunprecedented thesecurity verycrisis foundationthat ofdemands Europeanimmediate economic stabilityaction. NineRussia's countrieswar alreadyagainst faceUkraine excessiveproves deficitPutin procedureswon't stop at one country, and suspendingintelligence budgetwarns rulesof forpotential defenseattacks createson dangerousother precedentEuropean nations by decade's end. The rushedfiscal timelineescape andclause massiverepresents spendingsmart commitmentspolicy riskby fiscalallowing sustainabilitynations acrossto theprioritize blocsurvival over arbitrary budget rules.
This fiscal flexibility undermines the very foundation of European economic stability. Many countries already face excessive deficit procedures, and suspending budget rules for defense creates dangerous precedent. The rushed timeline and massive spending commitments risk fiscal sustainability across the bloc and weakens the resilience of Europe and its public spending.
There is a 39% chance that there will be a European Army by 2032, according to the Metaculus prediction community.