Controversially, this EU plan would allow it to dip into new pots of cash that were originally intended for boosting development around Europe. Aiming to produce one million rounds of ammunition within a year, the initiative involves raising funding of around €1 billion ($1.1 billion).
The call for European defense companies to get into “war economy mode” comes at a time when the latest corruption scandal to engulf the EU has conveniently dropped lower down the news headlines. Dubbed ‘Qatargate,’ the scandal involves allegations that a vice president of the European Parliament and other EU lawmakers have been bribed by the governments of Qatar, Morocco, Mauritania, and possibly other countries, in return for influencing the Brussels-based political construct.
Following police raids, arrests, and the seizure of cash, computers, and mobile phones from suspects, some observers are already asking whether the scandal could even signal the end of the EU. Deeply damaged as a result of repeated ignominies over the past couple of decades, Qatargate comes hot on the heels of Brexit and our international exposure of the EU’s Nazi roots.
To learn more about the Qatargate scandal, see this article on our website.