Why Europeans Owe Their Lifestyle to US Workers

By Times News

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Between 2010 and 2015, while Russia and China tripled their defence budgets in real terms, European Nato members accumulated an $8 trillion defence spending deficit compared with the United States. Furthermore, Mario Draghi’s recent report highlighted that not a single EU company worth more than €100 billion has been built from scratch in the past 50 years. In that same period America created six worth over €1 trillion each. Matthew Syed explains how our welfare states have effectively been subsidised by American taxpayers and why Europe could be in danger. #europe #useconomy #nato #geopolitics #economics Read the best of our journalism: https://www.thetimes.com/ Listen live to Times Radio: https://www.thetimes.com/radio/live Subscribe to The Times and The Sunday Times YouTube channel: https://www.youtube.com/subscription_center?add_user=timesonlinevideo Find us on Facebook: https://www.facebook.com/timesandsundaytimes/ Find us on X: https://x.com/thetimes Find us on Instagram: ht

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