WATCH: J.D. Vance Hits Out at Ongoing European De-Industrialisation
Vice President J.D. Vance has just finished talking to Wolfgang Ischinger at the MSC’s Munich Leaders Meeting in Washington D.C., in which European industrial failure received an earful:
“There is this fear that we have when we look at some of our European friends, and I made this point at the first Munich security conference I ever went to, that when I looked at Germany 10, 15, 20 years ago one of the things that the Germans were very good about is that they were they had kept the industrial strength of their economy consistent with the first world standard of living, but now what we see in Europe is a lot of our European friends are de-industrialising at the very moment where we’re all seeing the hard power underpinning or the economic underpinning of real hard power requires very strong and powerful industry.”
Vance pointed out that it is fine for Europe to disagree with the US but this “is an area where we’re fundamentally right and I think it’s it’s gratifying to see so many of our European friends recognise that and recognise that Europe does really have to play a bigger role in continental defense.” In an update the VP also said Russia was “asking for too much” to end the war in Ukraine. Ischinger tried to point out German efforts to lift the debt brake on defence spending, to a muted response from Vance…
The European Commission is meanwhile busy suing five of the EU’s member states for non-compliance with its Digital Services Act. An unserious bloc…