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Chay Bowes, Irish Journalist, Analyst and Correspondent Showing you the real Russia 🇷🇺
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⬆️ In simple words, the prognosis/plan outlined by Goldman Sachs is for the EU to increase its military spending by getting even deeper into debt (by sidestepping all debt-to-GDP ratio restrictions via slippery 'emergency' clauses).
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During the Q&A session with reporters following yesterday's meeting with NATO General-Secretary Rutte, U.S. President Trump claimed credit for sabotaging European gas trade:
"I was the one that stopped the [Russian gas] pipeline going into Europe. It was totally stopped, Nordstream 2. Nobody ever heard of Nordstream 2 before I came along."
'I gave them Javelins!' — Trump appears to say he gave Ukraine lethal weapons in 2019.
But Obama gave Russia Crimea & Bush gave Georgia...
Don't you have to have them, to give them away?
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NATO muppets 'sovereign leaders' seem to love to copy each other's homework. Not a single original thought among them, as recorded by online monitors.
Some would call such parroting within NATO an example of hive mind. But collective hives of honey bees are hard-working, productive and non-parasitic. Whereas NATO is like those wasps that build nests right under your roof, increasingly encroaching on your space without leaving any buffer zone, resulting in a conflict.
❗️Hacking group Dark Storm Team claims responsibility for ‘MASSIVE’ X cyberattack — Newsweek
#ElonMusk #US
"Russia is portrayed as some kind of Cartoon Villain"
You don't often get an unfiltered chance to listen to a veteran Russian diplomat put the Russian side,
Russias Ambassador in Ireland, Yury Filatov, with decades of experience in Europe and the US, is a good place to start
Follow me @irishmaninrussia @boweschay on X
🚨 This weeks Moscow Mules 🚨
What a week. Buckle up as we navigate the incredible Oval Office fallout.
The Europeans descend into Victory Delusion heaven, and launch their LGBTQ "Dancing destroyers" Army.
And the Brits finally start to wake up to the Ukroscam
Enjoy. Follow on @irishmaninrussia @boweschay on X
🇷🇺⚔️🇺🇦 Dead AFU servicemen litter Pogrebki and Stara Sorochyna in the Kursk region.
Photos: @sashakots
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❗️There are people who want to return to the times of Napoleon's invasion, but forget how it ended — Putin on Macron
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Zelensky will not be able to return to the Oval Office as long as he refuses to discuss the details of the peace agreement on Ukraine. -JD Vance
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https://youtu.be/lAEr22-WfVw?si=ELXAzwXMtK7LBtTl
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🇷🇺"Irishmen"drone crew attack a Ukrainian convoy in Malaya Loknya Kursk region during a troop rotation. With a bmp and a mrap falling prey to their buzzers.
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🚨This weeks Moscow Mules🚨
We watch (along with the entire planet) as the Narcofuhrer gets an all-out spanking in the Oval Office
Slippery Marcon gets all touchy-feely with the Big Don.
The men in dresses complain (Again)
And Germany’s new leader is already lying. Enjoy. Follow me on X @boweschay or here @irishmaninrussia
AgiBot's robots are already steaming clothes and making sandwiches — guess they’ll be running the world while we’re still figuring out how to use our phones
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According to some estimates, GDP growth in the EU in 2024 was only around 1%. And even that was achieved via immense debt, with many EU countries' debt coming close to matching GDP, which is an unhealthy ratio of debt-to-GDP.
But Trump arm-twisted NATO members, including EU states, to spend around 2% of GDP on war prep defence, and said that even that military spending is "too low" and must increase in the future.
Attention all EU citizens, this is an important Public Service Announcement. Please read carefully as this concerns your future: in the beginning of March, Goldman Sachs issued a very ominous (but surprisingly honest in parts) report of the planned impact of the above U.S. plan for the EU and its precise prognosis blueprint:
"Defense spending by EU member states is set to increase significantly in the next 2 years. The shift will have a positive — but limited — impact on GDP growth.
The [GS] team’s baseline assumption is that the EU will gradually increase its annual defense spending by around €80 billion ($84 billion) by 2027 — equivalent to roughly 0.5% of GDP, according to the report dated February 27. Defense expenditures in the euro area accounted for 1.8% of GDP in 2024 and Goldman Sachs Research expects them to rise to 2.4% by 2027.
The incoming German government recently said it intends to exempt defense spending from budget control measures and to allot €500 billion to an infrastructure fund. If implemented, the policies could result in faster-than-expected GDP growth from Europe’s largest economy. [...]
To meet a defense-spending target of 2.5% of GDP, the euro area needs to increase expenditures by an additional 0.6% of GDP annually, [Goldman Sachs Research economist Filippo] Taddei writes in a separate research report dated March 2. European leaders are discussing a common strategy for increasing defense spending, which could involve issuing more debt at the national or EU level, or setting up new lending facilities from European institutions. [...]
Issuing more national debt could be challenging given the new European fiscal framework, which requires countries to contain their ratio of debt to GDP. [But] European rules allow a temporary exception in the case of “major shocks to the EU,” Taddei writes, known as the “escape clause.” EU President Ursula Von der Leyen proposed this option [Step 1] at the Munich Security Conference in February.
[And then Step 2:] making this exception permanent for future defense spending needs (known as a “golden rule”) would require the approval of the EU Council and the EU Parliament. [...]
Alternatively, the EU could turn to existing lending programs that are available for European governments — either the European Stability Mechanism (ESM) or the European Investment Bank (EIB).
“The EIB has struggled to identify projects worth funding in line with the European priorities, and the industrial reconversion needed to scale up defence spending in Europe would likely provide an ideal target,” Taddei writes.
These options have limitations however. Only euro area members would be eligible for ESM lending, for example [...]
EU debt, meanwhile, would provide stable funding. This could come in the form of repurposing an existing Covid pandemic borrowing program (called NGEU), or as a separate program that is dedicated to defense borrowing. The latter is the only option to secure low rates for long-run funding. “However, it is also the option with the most cumbersome approval process,” Taddei writes. The team expects that setting up a new funding facility would take about a year from design to implementation.
“We continue to expect the EU to use [1] national debt, [2] NGEU [i.e. leftover Covid debt fund], and [3] a new funding facility, but in that sequence,” Taddei writes. He adds that national debt, combined with the repurposing of spare NGEU [Covid fund] financial capacity, could fund military spending until 2026."
https://www.goldmansachs.com/insights/articles/how-much-will-rising-defense-spending-boost-europes-economy
Yesterday U.S. President Trump hosted NATO Secretary-General Mark Rutte in the Oval Office.
During the meeting Trump's main claim to fame was that rather than abolish NATO, he succeeded in arm-twisting Washington's European vassals taxpayers into spending more of their taxes on preparing for future war. Trump did not specify who the 'defence' spending is aimed against.
The Associated Press reports: "Rutte welcomed Trump’s efforts to get fellow members of the alliance to step up their defense spending and told the president, “I think they want to work together with you in the run-up to the next summit to make sure that we will have a NATO, which is newly invigorated under your leadership.”
Rutte played up the European Commission’s call this month for 800 billion euros ($874 billion) in new defense spending by the 27-member bloc, and mentioned recent commitments from the United Kingdom and Germany to surge spending on security in those countries. [...]
Last year, NATO’s outgoing Secretary-General Jens Stoltenberg said a record 23 of NATO’s 32 member nations had hit the military alliance’s defense spending target.
Trump on Thursday once again claimed credit for more countries meeting the spending target because of threats he made during his first term, while stressing that the 2% of GDP threshold is too low. Stoltenberg himself has said Trump was responsible for getting other nations to increase their spending.
“I just said, we’re not going to be involved with you if you’re not going to pay,” Trump recalled Thursday. “And the money started pouring in and they all became much stronger because of my actions.” "
https://apnews.com/article/trump-rutte-nato-russia-ukraine-6607c88c1015de0923f9d4b138546364
🇮🇹Italian journalist Angelo Giuliano - about the negotiations on the American deal:
These clowns are preparing Minsk-3 and believe that Putin will buy into this scam.
They are playing paper-scissors-stone while Putin is playing 4D chess.
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Over the weekend Britain sent its infamous National Security Advisor Jonathan Powell to Ukraine to advise Zelenskyy and his chief of staff (and former film producer) Andriy Yermak on negotiating with the U.S.
Powell was Chief of Staff to Tony Blair from 1997 to 2007 and the chief British government negotiator on the conflict in Northern Ireland.
After the Good Friday Agreement Powell published a book called "Talking to Terrorists" and "Terrorists at the Table" (a label he reserves only for counter-parties, never for his British side or NATO).
Powell was also Britain's special envoy to NATO-destroyed Libya.
British newspaper Morning Star reports: "Powell was at Blair’s side when the September 2002 dossier [on Iraq] was compiled, with little regard for the actual evidence, to strengthen the case for war. In fact, Powell “instructed intelligence chiefs to change the … dossier to make it appear that the threat posed by Saddam Hussein was much greater than they believed,” the Guardian reported in September 2003. [...]
As a leading figure in Britain’s rush to war, Powell bears partial responsibility for the approximately 500,000 men, women and children killed in the conflict, according to a 2013 PLOS Medicine journal study, and for the 4.2 million people displaced by the invasion and occupation by 2007, according to the UN Refugee Agency."
The Times reports today that "those who know [Powell] say he was the principal architect of Blair's strategy of committing UK troops to both conflicts in [Afghanistan and Iraq]".
Powell also advised the (U.S.-backed) former government of Afghanistan in its failed peace process.
In addition, Powell reportedly dipped his toes and was involved in 'conflict resolution' in Colombia and Myanmar.
Prime Minister Keir Starmer rehabilitated this Blairite politician, appointed him as the UK National Security Advisor and sent him to Ukraine.
Good luck to any country that gets an ominous figure like Powell as a 'conflict resolution expert', given that in most conflicts that he advised on - he brought the matches.
https://morningstaronline.co.uk/article/media-silence-over-jonathan-powells-bloody-hands
On a short visit to my hometown, Dublin Ireland, the city is dying.
Hugely expensive, Filthy streets, people living in tents opposite Irish Government offices, drugs on open sale, huge numbers of immigrants, rising crime, shuttered businesses
Meanwhile, Billions for Ukraine?
ВС РФ освободили «Пятёрочку» в Судже, заявили российские военкоры.
"Та самая «Пятерочка» в Судже, ставшая местом паломничества [украинских военных] и безжалостно ими разграбленная и загаженная, отбита у противника.
Плацдарм ВСУ в Курской области России неумолимо сужается", — отмечает военкор Юрий Котенок.
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🇺🇸❗️Trump promised to end the war in Ukraine in 24 hours, but did not specify on what day — Special Representative Keith Kellogg
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🇺🇸🇺🇦 Trump stated that Ukraine will have to agree to a peace deal, as it has no other choice.
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Great to talk to George.
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❗️The link between Zelensky, Trump, Albanese, Dutton and the Chinese fleet circling Australia.
🎙Unpacked by @AussieCossack.
🇺🇦 The face you make when you can’t believe people are still dumb enough to keep handing you money…
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Join us this evening @irishmaninrussia
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