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submitted 1 week ago by RandAlThor@lemmy.ca to c/world@lemmy.world
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[-] GlassHalfHopeful@lemmy.ca 8 points 1 week ago

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”.

I won't pretend to understand the financial workings of this. Trump is a menace and NATO leadership has good reason to feel as they do. What that said though, I think this may be a good decision regardless of who wins the presidency.

[-] InverseParallax@lemmy.world 1 points 1 week ago

Same, even without knowing the details, this sounds like something we should have so NATO isn't 3 squirrels in a trenchcoat following the US around.

this post was submitted on 09 Oct 2024
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