All right, Alexander, let's talk about the situation in Germany.

There is a finance budget crisis, according to German publications, German reporting.

The finance ministry, they have notified, I believe, the defense ministry, and they've told the defense ministry, we just don't have any more budget for

project Ukraine. And this has caused quite a stir. In Germany, actually, I've read reports

from the Schultz government spokesman saying that this reporting from German media is not true.

They're going to continue to fund Ukraine. Obviously, if Germany wanted to send money to Ukraine, they could find ways to

send money to Ukraine, money to Ukraine. I don't know. Maybe tax German citizens a little bit more

to get money to Ukraine. I don't know. If they wanted to get money to Ukraine, they would get

money to Ukraine. So something else is going on. My guess is that the German

military industrial complex just they just don't have any more production capacity left to

fulfill Ukraine's requirements. But I don't know. That's my guess. That's my hunch. Something else is

happening. This is not strictly a budget thing, though it may play a part in everything, maybe politics of it. The

optics of giving more money to Ukraine may not sit well in political circles. But if they wanted to

get money to Ukraine, they would get money to Ukraine. So something else is going on.

My hunch is de-militarization. But what are your thoughts?

You're right about this. Can I just say this is a fascinating story in so many respects.

Now, you talked about a budgetary crisis in Germany. And if you look at the raw figures, by comparison with every other major Western country, you would say that Germany is the country with the best position in terms of its government finances of all.

The debt to GDP ratio of Germany is 65%. I mean the United States, Britain,

France, Italy is, you know, hovering around 100% or more. It's in a far worst state there.

The Germans are running a budget deficit, but it's not a huge budget deficit,

at least not a huge budget deficit compared with what we see in all the other Western countries.

Now, of course, this is now, because we become used to situations where the budget, the debt to GDP ratio is around 100%.

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