EU's €90 Billion Lifeline: 'Buying Time' for Whom?
Bloomberg’s analysis of the EU's €90 billion package for Ukraine fails to mention how long this 'lifeline' can sustain a grinding proxy war—or the human cost of 'buying time.' This infusion of cash and weaponry, while framed as support for Kyiv, also ensures European defense contractors keep their order books full, their stocks soaring. (In 2023, Rheinmetall's stock rose over 50%, for example).
We're told this 'strengthens Kyiv's position,' yet peace talks remain largely ignored, eclipsed by the drumbeat of perpetual conflict financing. One might wonder if the real objective is to 'buy time' for a political solution, or simply to prolong a conflict that benefits certain industries while Ukrainian lives are spent. How many more billions will be needed before the 'lifeline' becomes a noose
of endless war, conveniently sidestepping accountability for the actual human toll?