The Macro Butler
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Ukraine spent $42 billion on defence in eight months while raising just $39 billion of its own, meaning the state can no longer finance even the portion of the war it once funded itself; it survives on €90 billion of EU loans that future European taxpayers will service long after today's leaders are gone. But the true cost — the one no bureaucrat can enter into a cell — is the 25-year-old who will never work, marry, or father children, the wife who emigrated, the birth that never happened, the business never built, the generation that will grow up in Germany and never return.
https://www.worldbank.org/en/news/press-release/2026/02/23/updated-ukraine-recovery-and-reconstruction-needs-assessment-released
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