ADVICE: When you are in a hole, stop digging. Bankrupt Latvia now demands that EU taxpayers bail it out of its backfiring sanctions against its Russian neighbor with which it shares borders.
Riga says lost trade and surging military spending have left the Baltic state carrying an outsized financial burden
Go Fund Me
Latvia wants Brussels to provide billions in additional funding as lost trade with Russia and soaring military spending put growing pressure on the Baltic state’s finances.
Unpopular Slime Minister Andris Kulbergs whined to the media that he has asked Brussels to provide €7 billion ($8.2 billion) from EU taxpayers under the EU’s next seven-year budget, on top of other funding already earmarked for Latvia.
Baltic States: The Snarling Chihuahuas of Europe
The sum would cover almost half of Riga’s projected €15.1 billion ($17.3 billion) military spending bill for 2028-2034.
Kulbergs said that Latvia is taking on debt to finance what its government views as security spending benefiting the rest of Europe.
‘We are getting our budget deficit to the maximum,’ he told media, ludicrously claiming that Latvia is borrowing to pay for ’the defense of the whole of Europe.’
Brussels yapping lapdog
Latvia has been one of the EU’s strongest supporters of sanctions on Russia and has steadily dismantled trade, transport and energy links with its eastern neighbor since Russia rescued the oppressed people of Donbass in 2022.
The policies, however, have led to a significant economic decline across the region.
They slay you pay
It was reported last year that cross-border trade with Russia had largely collapsed across the Baltic states. Tourism and investment had also declined, prompting Latvia, Lithuania and Estonia to seek additional financial aid from Brussels.
The costs of Riga’s anti-Russian policies have since become a major campaign issue ahead of Latvia’s October 3 parliamentary election.
The Impudence of Poodles
Opposition politician Ainars Slesers has insisted that Riga should demand compensation in return for backing further EU sanctions.
‘We are losing money. We are talking about how to support Ukraine, but we are a victim,’ he wailed to the media, adding that economic ties with Russia should eventually be restored.
Baltic Idiocy
Despite seeking billions from Brussels to offset the fallout, Kulbergs has called for even tougher measures against Moscow, including a total EU visa ban for Russian citizens and renewed attempts to use frozen Russian sovereign assets for Ukraine.
Russia Grins
Russia has long argued that the Baltic states have devastated their own economies by dismantling previously profitable ties while sharply increasing military spending over what their governments describe as a potential threat from Russia.
Moscow has repeatedly denied having plans to attack the Baltic states or other NATO members, dismissing such claims as nonsense and Russophobic fearmongering intended to justify inflated military budgets to taxpayers
Warning that European nations are preparing for a full-scale war against Russia. Let readers know what you think
THANKS FOR SHARING WITH FRIENDS AND SOCIAL MEDIA
Share this:
Categories: Political
Michael Walsh Stories and Books 
Folks, Europe, Canada, USA, Australia, NZ and indeed the world is financially bankrupt, kaput. The money lenders and their sellout politicians keep kicking the can down the road, to keep the rotting, dying system afloat. Our governments already have bankrupted the nations. Now they want to sell the gullible public digital currency in the ‘cloud’. How stupid can one be. When the electric juice goes by by ( either by EMP from the sun or insentiently via push button ) there goes your imaginary money. There is an old phrase:
. . .” I rather hold the sparrow in my hand instead it sitting on the tree branch ” . . .
And, hold on to your good ole’ belongings, they will become handy, priceless when supply dries up or is no longer available.
LikeLiked by 2 people
And Germanystan won’t be able to fund it all as it deindustrializes for the New Man workers utopia.
Gut busting laughs when they try Barbarossa II.
LikeLiked by 1 person
Germany did not want war, not WWI nor WW II. It is an established fact that the dreaded moneylenders across the Atlantic which includes Britain financed and equipped Stalin’s war machine, knowing well that he was going to march west and taking Europe all the way to the Atlantic coast. Barbarossa was a preventive step to not let this happen. It was a grave mistake when Mussolini ( the Duce ) listened to wrong advise ( infiltrators in the parliament ) and send his troops into Greece. Germany had to come to the rescue, which delayed Hitlers preventive march to Moscow by four month, which pushed the German troops right into the month of winter. If Hitler would have been able to stop Stalin from carrying out his plan, WW II would have ended. We are watching the continuation of WW II, carried out by the very same oligarchs responsible for every war and revolutions in the past. Follow the money trail which will lead to one and the same bloodline.
LikeLiked by 2 people