Germany overtakes the US in ammunition production for the first time in decades
Germany has significantly ramped up its weapons and ammunition production, surpassing the corresponding figures for the United States. This is reported by Süddeutsche Zeitung, citing Rheinmetall CEO Armin Papperger. According to him, Germany’s defense industry is experiencing rapid growth against the backdrop of dramatic shifts in the global security situation….
In Hungary, Orbán’s circle has organized a mass capital flight abroad
The leader of the Tisza party and winner of the parliamentary elections, Péter Magyar, who is set to become Hungary’s Prime Minister in May, has accused the entourage of current Prime Minister Viktor Orbán of massively transferring funds abroad and hastily selling off assets. According to Magyar, oligarchs close to…
UK takes on the financing of Europe’s rearmament
London is considering launching a UK-led “defence bank” (JEF Bank). The goal is to help 10 Northern European NATO nations (Joint Expeditionary Force) rearm faster and at lower cost in the face of the Russian threat. According to The Telegraph, the new mechanism would allow member states to borrow money…
Spain uncovers scheme of fictitious payments for migrants worth €4.7 million
The Catalan Anti-Corruption Office (OAC) is investigating a case of possible misappropriation of public funds at centres for underage migrants. The estimated damage amounts to €4.7 million, according to the Spanish outlet El Mundo. The OAC has launched an audit of the former General Directorate for Children and Adolescents (DGAIA),…
Greece set to relinquish its title as the Eurozone’s most indebted nation for the first time in years
By the end of 2026, Greece will no longer be the country with the highest level of public debt in the eurozone. Its debt-to-GDP ratio is expected to fall below Italy’s, according to updated assessments from the European Commission and international financial institutions. Greece’s public debt is forecast to decline…