Germany Finally Gets Over Austerity

The 2010s were an economic lost decade for the U.S. after the financial crisis.

Frida Ghitis : Most of Europe did the opposite, by cutting spending in a supposed attempt to reduce government budget deficits.

She says Germany and the rest of the European Union are aggressively spending on military rearmament.

Ghitis says the EU (plus Britain ) should be able to keep Ukraine supplied with weapons and economic aid indefinitely.

As a result, the stocks of European defense firms are soaring, while American ones are falling.

It's maddening that it took a military crisis to get Germany (and others) to shake off austerity brain, says Frida Ghitis .

Ghitis: It's a dangerous world, and better to work in a weapons factory than not at all.