Why Europeans owe their lifestyle to US workers - The Times
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Between 2010 and 2015, while Russia and China tripled their defence budgets in real terms, European Nato members accumulated an $8 trillion defence spending deficit compared with the United States.
Between 2010 and 2015, while Russia and China tripled their defence budgets in real terms, European Nato members accumulated an $8 trillion defence spending deficit compared with the United States.
Furthermore, Mario Draghiβs recent report highlighted that not a single EU company worth more than β¬100 billion has been built from scratch in the past 50 years. In that same period America created six worth over β¬1 trillion each.
Matthew Syed explains how our welfare states have effectively been subsidised by American taxpayers and why Europe could be in danger.
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https://www.thetimes.com/video/news-video/article/why-europeans-owe-their-lifestyle-to-us-workers-zmjqwpk7f
