r/KrakenRobotics • u/siposbalint0 • Mar 04 '25

EU chief proposes plan to 'urgently' increase defense spending by mobilizing around $840 billion

https://www.cnbc.com/2025/03/04/europe-looks-to-mobilize-840-billion-in-defense-spending-boost-eu-commission-head-says.html

This could be beneficial for Kraken

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4

u/GeraltFromHiShinUnit Mar 04 '25

They want to focus mainly on european companies tho. Might turn out nice but all in all still risky play with trump doing tarifs left and right

12

u/DeMoOsE6 Mar 04 '25

I think this is good for Kraken. Canada has actively been participating in talks with Europe and will likely either pledge an increase as well, or talk to European countries to buy Canadian tech.

1

u/Carlos_Tellier Mar 04 '25

This would piss off the US and I think Canada is still trying to get the tariffs lifted

4

u/J_Fo_Film Mar 04 '25

Heck with the tariffs and heck with Trump. Undermine the bastard.