WanderingWalker
kiwifarms.net
- Joined
- Feb 10, 2022
Apparently from what I've seen being discussed about it it's actually part of a $2+ trillion (iirc?) deal in total that 'SAFE' (the newly founded EU loan facility/govt organization behind this retarded program) is organizing between multiple countries, the 258 billion is just Canada's partAny articles I can find on this don't state who is providing the money and what interest rate. It is also for the entirety of the EU that 258 billion CAD covers. So every member of the EU and Canada is signed onto it, with Ukraine probably eating the lion's share. It's mostly symbolic.
It is also for the procurement of European weapons and equipment. Which is going to be substandard. We buy US equipment, because it is good, they live next door and it has been proven in combat. European equipment has not been proven in combat, has extremely limited runs and is boutique. I imagine very little will be purchased from money coming from this fund.
Whether that's us being loaned it, or us contributing it is what I'm less certain on, but either way it still sucks ass for our already strenuous debt in the long-run
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