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Cake day: June 9th, 2023

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  • France Dassault wants 80% of the workshare on FCAS. Germany and Spain absolutly do not like that idea, as they themself want significant shares in the project, including leadership on subsystems. So it currently looks like the entire project breaks up and Airbus builts a plane for Germany and Spain and France goes solo. However Airbus has never fully built a fighter jet(they have been part of Eurofighter though), so it might take time. Obviously buying American F35 is also on the table, as they are the only actually working 5th Gen fighter jets Germany might buy.

    It has to be said, that FCAS might still be saved and the F35 purchase is being talked about and nothing more atm.






  • 2/3 of global trade is done in US dollars. However a lot of that has currency risk, like say Chinese companies paying their Chinese workers in yuan. So if the dollar looses value compared to other currencies, the old contracts can lead to exporters selling their products for less then they are worth. That is not a good situation to be in for a lot of companies.

    In other words Northern Rock would be a joke compared to this.