- cross-posted to:
- world@lemmy.world
- cross-posted to:
- world@lemmy.world
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To mitigate the impact of a second Trump presidency, Nato countries should support the creation of an allied multilateral lending institution, in practice a Nato bank, it says. This could “save nations millions on essential equipment purchases, offer low interest rates on loans to alliance members and introduce a new line of financing with longer repayment timeframes. The bank would be funded with initial subscriptions from Nato members in return for authorised capital stock”.
Europe wanting to decouple themselves from the USD is a big deal. I feel like we should stress how bad of an economic signal this is regarding the state of the American dollar.