Ensuring the defence of freedom, independence, sovereignty, territorial integrity, and population belongs to the main tasks of each state. Therefore, countries, in response to the current political, security and economic situation, must earmark, within the framework of their national budgets, a proportion of the available resources to ensure their defence. The aim of the article, based on current trends in the defence budgets of the European Union member states, is point out that not only the global economic and financial crisis and the credit and debt crisis in the euro area have a significant negative impact on the amount of resources, which individual European Union member states earmark to ensure their defence.
What is stopping Governments from establishing a new economic order? What are the principal stages on the way to a truly international payment system? Would an international currency unit, to be issued by a “Central Bank of Central Banks”, remove or cure many instances of disorders? Furthermore, what advice have Germanophone economists of the past centuries provided to help us avert a crisis? How can their recommendations be reformulated and/or revived?
The paper deals with these concerns among others and mostly adopts a Quantum theoretical macroeconomic approach to analyze the (forgotten) contribution of the German economists in this respect. In addition, there is enough evidence to claim that ignorance of the findings of economic thought and history has led to unbelievable mistakes in the structure of the modern international payment system.