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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: zonder who wrote (3090)12/10/2003 9:36:11 AM
From: Louis V. Lambrecht  Read Replies (1) | Respond to of 110194
 
OT - Eurocorps
eurocorps.org in essence started in 1950. In those ancient days, there also was a dead-born European Defense Union.
US always fought any initiative by fear of losing it's preeminence.

iht.com (Biased artile, Belgium NEVER ever has been anti-American, although veeery anti-Rumsfeld. Eurocorps also has missions outside Europe. Eurocorps comprises omprising UK and Spanish contigent you cannot call "anti-American" or anti-Irak war).

FWIW, Eurocorps is only one Army corps strong, seen as a rapid intervention outfit.
Much noise for for an army corps.



To: zonder who wrote (3090)12/11/2003 1:16:33 AM
From: Lazarus_Long  Read Replies (1) | Respond to of 110194
 
Not the first time, as has been pointed out.

What took so long? NATO started soon after WW2. I think the idea was that it was a mutual defense treaty, which meant the Europeans ought to contribute to their own defense. Mostly this was a myth (Britain excepted) and Europe relied on the US's nukes to keep the big bad Soviet bear in its cage.

But the point here is that once European defense expenditures rise from their present measly levels, that will act as a drag on the European economies. Military expenditures are like the pyramids- -lots of effort and money spent, but little more than a useless mound at the other end.

OTOH, there is nothing more expensive than a second-rate military.