Europe should now dig deep into its own pockets, says The Economist:
“If Europe will not, or cannot, deploy the frozen assets, it must use its own finances – soon. That means common borrowing: Eurobonds, strategic-autonomy bonds, whatever label is politically palatable. Ukraine needs predictable, multi-year financing: a four- or five-year package it can count on to keep its budget afloat, manufacture shells and rebuild power plants. Europe’s current dribs-and-drabs approach is anything but strategic. It forces Ukraine to live from one donor meeting to the next.”