No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Wednesday, October 1, 2025
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
3 weeks 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
Britain Vs Florida | Armstrong Economics

Britain Vs Florida | Armstrong Economics

by TheAdviserMagazine
September 30, 2025
0

  Living in Florida, I definitely see the difference compared to even New Jersey, where I have been given a...

edit post
Coffee Break: Armed Madhouse – Stopping START

Coffee Break: Armed Madhouse – Stopping START

by TheAdviserMagazine
September 30, 2025
0

This is Naked Capitalism fundraising week. 532 donors have already invested in our efforts to combat corruption and predatory conduct,...

edit post
How the Fourteenth Amendment Empowers Judicial Activism

How the Fourteenth Amendment Empowers Judicial Activism

by TheAdviserMagazine
September 30, 2025
0

In “Government by Judiciary: The Transformation of the Fourteenth Amendment” Raoul Berger argues that the Fourteenth Amendment is treated by...

edit post
The Real Jan. 6th Coup

The Real Jan. 6th Coup

by TheAdviserMagazine
September 30, 2025
0

In my first column after the events of Jan. 6th, 2021, I criticized those who called the protest a “coup,”...

edit post
Boston Fed President Collins sees caution on future interest rate cuts

Boston Fed President Collins sees caution on future interest rate cuts

by TheAdviserMagazine
September 30, 2025
0

Susan Collins, president of the Federal Reserve Bank of Boston, speaks during the National Association of Business Economics (NABE) economic...

edit post
The Rev Kev: Naked Capitalism – Bringing You Next Year’s News Today

The Rev Kev: Naked Capitalism – Bringing You Next Year’s News Today

by TheAdviserMagazine
September 30, 2025
0

Once more it is that time of the year. Yep, time to head to the Tip Jar because *checks calendar*...

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
What Happens If a Spouse Dies Without a Will in North Carolina?

What Happens If a Spouse Dies Without a Will in North Carolina?

September 14, 2025
edit post
California May Reimplement Mask Mandates

California May Reimplement Mask Mandates

September 5, 2025
edit post
Who Needs a Trust Instead of a Will in North Carolina?

Who Needs a Trust Instead of a Will in North Carolina?

September 1, 2025
edit post
Does a Will Need to Be Notarized in North Carolina?

Does a Will Need to Be Notarized in North Carolina?

September 8, 2025
edit post
DACA recipients no longer eligible for Marketplace health insurance and subsidies

DACA recipients no longer eligible for Marketplace health insurance and subsidies

September 11, 2025
edit post
‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

September 9, 2025
edit post
We’re not in an ‘AI winter’—but here’s how to survive a cold snap

We’re not in an ‘AI winter’—but here’s how to survive a cold snap

0
edit post
The Real Jan. 6th Coup

The Real Jan. 6th Coup

0
edit post
XRP Price Jumps As Bloomberg Says XRP ETF Approval Certain

XRP Price Jumps As Bloomberg Says XRP ETF Approval Certain

0
edit post
The Social Security Fairness Act—Who Wins and Who Loses If It Passes?

The Social Security Fairness Act—Who Wins and Who Loses If It Passes?

0
edit post
Odds of a government shutdown rise to 70% in prediction markets

Odds of a government shutdown rise to 70% in prediction markets

0
edit post
Israeli tactical satcom co Commcrete raises m

Israeli tactical satcom co Commcrete raises $29m

0
edit post
We’re not in an ‘AI winter’—but here’s how to survive a cold snap

We’re not in an ‘AI winter’—but here’s how to survive a cold snap

October 1, 2025
edit post
Sunny Agrawal flags overpriced unlisted stocks amid IPO frenzy

Sunny Agrawal flags overpriced unlisted stocks amid IPO frenzy

October 1, 2025
edit post
Stablecoin Crackdown: European Central Bank Gathers Backing For Joint Issuance Ban

Stablecoin Crackdown: European Central Bank Gathers Backing For Joint Issuance Ban

September 30, 2025
edit post
Gold hovers near record high on US shutdown concerns, Fed rate outlook

Gold hovers near record high on US shutdown concerns, Fed rate outlook

September 30, 2025
edit post
Britain Vs Florida | Armstrong Economics

Britain Vs Florida | Armstrong Economics

September 30, 2025
edit post
Judge denies Merrill TRO request with 9B breakaway

Judge denies Merrill TRO request with $129B breakaway

September 30, 2025
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

  • We’re not in an ‘AI winter’—but here’s how to survive a cold snap
  • Sunny Agrawal flags overpriced unlisted stocks amid IPO frenzy
  • Stablecoin Crackdown: European Central Bank Gathers Backing For Joint Issuance Ban
  • 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.