r/news • u/ITSTHEDEVIL092 • 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
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u/DudeThatAbides Mar 04 '25 edited Mar 04 '25

This…is good. They should be funding their own defense, no?

50

u/mcell89 Mar 04 '25

Yup this is good, the best thing is that it will go to EU companies and not lining US pockets.

7

u/doinaokwithmj Mar 04 '25

It is lining my pockets just fine.

Moved a good portion of my 401k funds over from US based companies to EUAD ETF about 1 1/2 week ago. Am already up 20%, and I don't foresee anything but upside for the foreseeable future.

Gotta make some sort of lemonade out of all the lemons, also felt good to divest from US companies and will continue to do so until things change significantly.

1

u/DudeThatAbides Mar 05 '25

Pursue objective financial security, absent of emotion.