• 1 Post
  • 18 Comments
Joined 6 months ago
Cake day: June 24th, 2024
  • bacondragonoverlordtoEurope•Northvolt collapse leaves EU taxpayer on the hook for €293mEnglish
    7·
    25 days ago

    I really think we shouldn’t jump to conclusions just yet. It should be expected that when you just lost a large customer (BMW order for 2 Billion) that the finances of your company look bad. But that’s what insolvency is for isn’t it?

    Also to touch upon the massive amount of money the EU is potentially on the hook for, without it we would not have ever had the chance of a European Battery Powerhouse. Nothing ventured nothing gained.

  • bacondragonoverlordtoEurope•Saudi Arabia threatened to sell off European debt if G-7 seized Russian assets: ReportEnglish
    3·
    5 months ago

    Neither does Ukraine. Still decimated the russian navy.

    Also to nip this whole “argument” in the bud, and I’m not even going into how terribly colonialistic your proposal is, how many billions of euro would you propose to put into essentially propping up a already dead technology. Fossil fuels have to be eliminated by 2050. Why wage war for something we won’t even need in 25 years.

    We WANT to increase fossil fuel prices. To hasten the change to renewables, the higher the potential savings the better.

  • bacondragonoverlordtoEurope•Saudi Arabia threatened to sell off European debt if G-7 seized Russian assets: ReportEnglish
    12·
    5 months ago

    Well first this doesn’t really have anything to do with the article.

    But to answer your question:

    Be in a situation where your central bank (they can’t get bankrupt as they literally print money) doesn’t give interest (negative interest even better)

    Be big, financially competent and trustworthy enough that no one doubts that you can pay back any loan.

    Now people that have too much money and need a convenient place to store that money without too much costs buy your debt for more than what it’s worth.

    Profit.