No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Thursday, March 5, 2026
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Economy

The Strait Of Messina – A NATO Project?

by TheAdviserMagazine
6 months ago
in Economy
Reading Time: 2 mins read
A A
The Strait Of Messina – A NATO Project?
Share on FacebookShare on TwitterShare on LInkedIn


Perhaps the most significant infrastructure project in recent Italian history is the proposal to build a bridge connecting Sicily to the mainland. The Strait of Messina Bridge would be the world’s longest single-span suspension bridge, spanning 2.05 miles (3.3 kilometers), connecting Calabria to Sicily. The government is seeking ways to generate the €13.5 billion (around $15.6 billion) in funding, and one new proposal is to count it toward NATO spending.

Italy has proposed that the Strait of Messina be included in its 5% NATO spending target. The Italian government believes that the bridge could be used to facilitate the movement of troops, military vehicles, and aid from Sicily to the mainland in the event of war. Since the bridge has the potential for dual usage, Italy is urging NATO to permit it to count it toward their contribution.

The US ambassador of NATO, Matthew Whitaker, immediately shot down the idea, attributing the notion to “creative accounting.” “It should not include bridges that have no strategic military value,” Whitaker warned, “It’s not schools that somehow, in fantasy land, would be for some military reason.” Instead, the ambassador believes all contributions must be related to “hard defense capabilities” such as military equipment or spending on Ukrainian infrastructure. Basically, spend on the US military industrial complex or directly on Ukraine with no room for margin.

Yet, the stipulation is for nations to spend 1.5% of their 5% obligation on infrastructure projects. The allied troops certainly could have used a bridge from Sicily to the mainland during World War II. The NAS Sigonella is located in Sicily as one of the larger NATO bases. The US also has a Naval Air Station in Sicily as the US was awarded some land in Sicily in 1957.

The Italian government responded as a good colony of the European Union. The Transport and Infrastructure Ministry (MIT) clarified that there is no plan to use NATO resources to fund the project. “The Strait of Messina Bridge is already entirely financed by State resources, and no defense funds are earmarked,” it said. “The possible use of NATO resources is not currently on the agenda, and, above all, it is not an absolute necessity.” However, that was never the issue as Italy was merely requesting the 13.5 billion euros to count toward its spending obligation.

All of these alliances come with strings attached. NATO, similar to the EU, benefits those at the top who dictate how others are to spend their funds in a way that ensures the top contributors benefit more than the others.



Source link

Tags: MessinaNATOprojectStrait
ShareTweetShare
Previous Post

More Than a Name: How Assignment Labels Influence Student Learning and Performance – Faculty Focus

Next Post

Weak BLS Data And Rate Cuts

Related Posts

edit post
Market Talk – March 4, 2026

Market Talk – March 4, 2026

by TheAdviserMagazine
March 4, 2026
0

ASIA: The major Asian stock markets had a negative day today: • NIKKEI 225 decreased 2,033.51 points or -3.61% to...

edit post
Trump’s War with Iran Is Even More of a Disaster than People Realize

Trump’s War with Iran Is Even More of a Disaster than People Realize

by TheAdviserMagazine
March 4, 2026
0

What is the Mises Institute? The Mises Institute is a non-profit organization that exists to promote teaching and research in...

edit post
Private companies added 63,000 jobs in February, January revised to just 11,000 additions, ADP says

Private companies added 63,000 jobs in February, January revised to just 11,000 additions, ADP says

by TheAdviserMagazine
March 4, 2026
0

Private sector hiring was a bit better than expected in February, though most of the job creation came from just...

edit post
The End of Scarcity: The Future That Won’t Happen

The End of Scarcity: The Future That Won’t Happen

by TheAdviserMagazine
March 4, 2026
0

A growing chorus of technologists and futurists now argue that scarcity is ending. Artificial intelligence will automate cognition. Robotics will...

edit post
Middle East conflict puts central banks on edge as oil shock fears mount

Middle East conflict puts central banks on edge as oil shock fears mount

by TheAdviserMagazine
March 4, 2026
0

Pedestrians look out across the city skyline as they walk along the Tabiat bridge in Tehran, Iran, on Saturday, Aug....

edit post
Great Nations Do Not Fight Endless Wars

Great Nations Do Not Fight Endless Wars

by TheAdviserMagazine
March 4, 2026
0

“Great nations do not fight endless wars,” Donald Trump said during his campaign when highlighting his “Americas First” message. Trump...

Next Post
edit post
Weak BLS Data And Rate Cuts

Weak BLS Data And Rate Cuts

edit post
Alibaba (BABA) Reaffirmed Buy as Analysts See GenAI Tailwinds

Alibaba (BABA) Reaffirmed Buy as Analysts See GenAI Tailwinds

  • Trending
  • Comments
  • Latest
edit post
Foreclosure Starts are Up 19%—These Counties are Seeing the Highest Distress

Foreclosure Starts are Up 19%—These Counties are Seeing the Highest Distress

February 24, 2026
edit post
North Carolina Updates How Wills Can Be Stored

North Carolina Updates How Wills Can Be Stored

February 10, 2026
edit post
Gasoline-starved California is turning to fuel from the Bahamas

Gasoline-starved California is turning to fuel from the Bahamas

February 15, 2026
edit post
Where Is My 2025 Oregon State Tax Refund

Where Is My 2025 Oregon State Tax Refund

February 13, 2026
edit post
7 States Reporting a Surge in Norovirus Cases

7 States Reporting a Surge in Norovirus Cases

February 22, 2026
edit post
Medicare Fraud In California – 2.5% Of The Population Accounts For 18% Of NATIONWIDE Healthcare Spending

Medicare Fraud In California – 2.5% Of The Population Accounts For 18% Of NATIONWIDE Healthcare Spending

February 3, 2026
edit post
Dividend Aristocrats In Focus: Roper Technologies

Dividend Aristocrats In Focus: Roper Technologies

0
edit post
Denver’s Delta Sky Club: Bigger and Better Than Before

Denver’s Delta Sky Club: Bigger and Better Than Before

0
edit post
From 240B To 7B: Decoding The Massive Velocity Slump Paralyzing XRP Trading Activity On Binance

From 240B To 7B: Decoding The Massive Velocity Slump Paralyzing XRP Trading Activity On Binance

0
edit post
Wait for dust to settle before taking fresh bets, says Maulik Patel

Wait for dust to settle before taking fresh bets, says Maulik Patel

0
edit post
Startups and Data Protection: Building Cybersecurity Into Your Startup’s DNA from Day One

Startups and Data Protection: Building Cybersecurity Into Your Startup’s DNA from Day One

0
edit post
The Definitive Guide to Decision-Grade Insights

The Definitive Guide to Decision-Grade Insights

0
edit post
From 240B To 7B: Decoding The Massive Velocity Slump Paralyzing XRP Trading Activity On Binance

From 240B To 7B: Decoding The Massive Velocity Slump Paralyzing XRP Trading Activity On Binance

March 5, 2026
edit post
Wait for dust to settle before taking fresh bets, says Maulik Patel

Wait for dust to settle before taking fresh bets, says Maulik Patel

March 4, 2026
edit post
Currencies take a beat as dollar rally pauses

Currencies take a beat as dollar rally pauses

March 4, 2026
edit post
Does Good Behavior Mean Being Agreeable? — See Also

Does Good Behavior Mean Being Agreeable? — See Also

March 4, 2026
edit post
Yes, judge tells Trump: you have to refund all the companies that you charged with illegal tariffs

Yes, judge tells Trump: you have to refund all the companies that you charged with illegal tariffs

March 4, 2026
edit post
Wells Fargo indie channel picks up .7B UBS team

Wells Fargo indie channel picks up $1.7B UBS team

March 4, 2026
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • From 240B To 7B: Decoding The Massive Velocity Slump Paralyzing XRP Trading Activity On Binance
  • Wait for dust to settle before taking fresh bets, says Maulik Patel
  • Currencies take a beat as dollar rally pauses
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.