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Europe has approved the largest corporate loan in its history.

The EIB will provide up to €3bn to Airbus, including a first €1bn loan for R&D in France, Germany and Spain through 2030.

EU defence spending is already rising to around €381bn in 2025, compared with Russia’s $190bn.

The real problem is R&D, EU defence R&D is only €13–17bn, compared with around $140bn+ in the US.

This means Europe still remains dependent on foreign high-tech military technology, even as defence spending rises sharply.

The entire European military-industrial base must become majority European-made, if Europe wants a fully independent foreign policy.
https://x.com/marcosagusstinn/status/2071611075460481309?s=20

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Monday Night At The Movies: "Puskás Hungary" (1959)

Join Gagglers for "Puskás Hungary"!
The screening starts at 3 p.m. ET sharp.
Share all of your thoughts, comments and criticisms on the Live Chat.

See you at 3 p.m. ET

01:57:25
TG 2142: Is Zohran Mamdani The Future Of America?

George Szamuely and Peter Lavelle discuss the recent primary elections in the United States, and wonder whether Zohran Mamdani, the newly-installed mayor of New York City, is the now the most influential figure in U.S. politics.

01:19:30
TG 2141: Is Trump Embracing The EU View Of The War In Ukraine?

George Szamuely and Peter Lavelle discuss the new dominant consensus, according to which not only is Ukraine winning the war against Russia, but President Trump has concluded that Ukraine is winning the war and has agreed to escalate the war.

02:03:45
Monday Night At The Movies

Please choose which one of the following 8 movies you would like to have screened next Monday, June 22.

To mark the World Cup, the theme, is "football and international sporting events."

Please continue to vote in this poll after June 22, so that we can determine the runner-up. The runner-up will be screened on June 29.

14 minutes ago

Europe’s demographic engine is collapsing.

Unlike the US, Europe does not have the same demographic buffer from large-scale Latin American immigration.

Germany’s working-age population was 51.2 million in 2024. Even with high net migration, it is projected to fall to 45.3 million by 2070.

Same pattern across the EU average.

That makes productivity maximisation fundamental for Europe’s survival as an economic power

Since 2000, EU labour productivity growth has been around 0.5 percentage points lower per year than in the US.

Europe’s productivity is structurally limited by fragmentation and regulatory barriers

The only way to maximise competition, scale and productivity in Europe is through deeper economic unification.
https://x.com/marcosagusstinn/status/2071502211591348486?s=20

21 minutes ago

The EU is continuing its largest expansion process in more than 15 years.

The EU could have four new member states by 2030

The objective is to increase the share of European countries whose main trade flows are inside the EU.

In 2025, 78% of EU goods exports were already intra-EU.

For around 85% of EU members, the EU is already their main trading partner.

Energy is the EU’s largest external deficit, at around €300bn per year

Electrification will cut this dependency, making Europe less volatile and more internally integrated.
https://x.com/marcosagusstinn/status/2071638645350494494?s=20

January 21, 2023
More Leftie Than Thou
"Jacobin" Magazine Celebrates A Strike Against Ol' Blue Eyes

Here at "The Gaggle" we have very little time for the "more Leftie than thou" school of thought--that's the approach to life according to which the only thing that matters is whether you take the right position on every issue under the sun from Abortion to Zelensky. No one in the world meets the exacting standards of this school of thought; any Leftie leader anywhere is always selling out to the bankers and the capitalists. The perfect exemplar of this is the unreadable Jacobin magazine. 

The other day I came across this article from 2021. It's a celebration of trade union power. And not simply trade union power, but the use of trade union power to secure political goals. Of course (and this is always the case with the "more Leftie than thou" crowd), this glorious, never-to-be-forgotten moment on the history of organized labor took place many years ago--in the summer of 1974 to be exact. Yes, almost half a century has gone by since that thrilling moment when the working-class movement of Australia mobilized and prepared to seize the means of production, distribution and exchange. 

Well, not quite. Organized labor went into action against...Ol' Blue Eyes, the Chairman of the Board, the Voice; yes, Frank Sinatra. Why? What had Sinatra done? Sinatra was certainly very rich, and he owned a variety of properties and businesses. But if the Australian trade union movement were, understandably, searching for the bright, incandescent spark that would finally awaken the working class from its slumber there were surely richer, greedier, more dishonest, more decadent, above all more Australian individuals it could have discovered. Australia was never short of them. Rupert Murdoch immediately springs to mind. Why Sinatra?

 

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