Post B1PXR0uH8LgfMPPZk8 by Nonilex@masto.ai
 (DIR) More posts by Nonilex@masto.ai
 (DIR) Post #B1PXJuwAvflaosuscK by Nonilex@masto.ai
       2025-12-19T15:45:58Z
       
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       #Europe agreed early Friday morning to keep #Ukraine funded for 2 years with a loan of 90 billion euros [~$105 billion] though they failed to agree on their first-choice option of using #Russia’s frozen state assets as backing for the loan.That ambitious frozen-asset plan was killed at the 11th hour as European heads of state & government met in Brussels — a show of division that risked making the #EU appear indecisive at a key moment.#StandWithUkraine https://www.nytimes.com/2025/12/18/world/europe/russia-eu-ukraine-frozen-assets.html?smid=nytcore-ios-share
       
 (DIR) Post #B1PXR0uH8LgfMPPZk8 by Nonilex@masto.ai
       2025-12-19T15:47:32Z
       
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       Instead, European leaders announced that they will funnel money to #Ukraine with a loan backed by the #EU budget. Because the plan does not leverage the large stash of #Russia’s savings immobilized in #Europe, it is likely to cost more & could prove more difficult to quickly scale up than the original idea.But because it will still get needed cash to Kyiv, officials celebrated it as a win.#StandWithUkraine
       
 (DIR) Post #B1PXp8f5x4RQMXoZmK by peterbrown@mastodon.scot
       2025-12-19T15:51:51Z
       
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       @Nonilex sure at risk making the EU seem indecisive, but this system also protects the EU from coming under the control of an unhinged toddler president
       
 (DIR) Post #B1PXuvft9PO5oxwmMC by gvenema@fairmove.net
       2025-12-19T15:52:51Z
       
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       @Nonilex Well it is. It was the 11th hour, but they got there.The blocked Russian money was never a realistic option, but the northern countries desperately wanted to avoid Euro bonds. It is a relief that they finally realized they had no alternative.
       
 (DIR) Post #B1PYNlxmKw626E4JTk by Veza85UE@eupolicy.social
       2025-12-19T15:58:06Z
       
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       @Nonilex the "large stash" is so "large" it would barely cover Ukraine's bills for the two years in question and then we'd be right where we are today: we'd need to issue eurobonds anyway, but in who knows what EUCO configuration. More difficult to scale up? Right. Because we don't already have a precedent (massively oversubscribed, demand far outstrips supply for eurobonds). What utter embarrassment from 'Merica's "newspaper of record".
       
 (DIR) Post #B1PZ86IJ4v0cTZlGD2 by FinchHaven@sfba.social
       2025-12-19T16:06:30Z
       
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       @Nonilex " though they failed to agree on their first-choice option of using #Russia’s frozen state assets as backing for the loan."Read: Belgian Kleptocrats refused to release their control over seized Russian financial assets as the Belgians were raking in profits playing money-games with seized Russian assets