According to a report in the Financial Times, European Commission officials hoped that the ECB would step up as a lender of last resort to Euroclear. However, the ECB said this is “not under consideration”. The ECB manages the euro currency and conducts monetary policy for the 19 EU Member States that have adopted it.
According to the ECB’s internal analysis, the proposal equates to providing direct funding to governments, violating the ECB mandate. This practice, which economists call “monetary financing”, is banned in the EU Treaties because of evidence suggesting it results in high inflation and loss of central bank credibility.
I just wanted to say that I am genuinely impressed by De Wever. I mean, I was already kind of surprised about the way he was seriously doing the PM job, but the way he is managing this situation and resists the EU trying to force Belgium to use the Russian assets is remarkable. I consider him an actual statesman, something I wouldn’t have said about him two years ago.
So. As of today, for the period of 2022-2025 the EU has provided for around €187 billion to Ukraine, including 50 billion recovery. Why do they suddenly need €140 billion for 2026-2027 and expect belgium to just take the risk on it’s own. That’s more than the aid all of europe has provided up to now. Belgium provided 2.76 billion in military aid, compare this to spain, italy and austria. Countries that are 4 times as big ( in case of the amount of citizens italy, poland, spain, romania all havr more citizens than belgium) why do these countries provide less to the total amount? Look at germany and the uk, €17 billion each of them. How is this a united europe? It seems like allot of these countries just want the bennefits but whenever they have to pay up themselves they get cold feet, disgusting.
The only solution would now be to give back the money to Russia. It is their money anyway.
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According to a report in the Financial Times, European Commission officials hoped that the ECB would step up as a lender of last resort to Euroclear. However, the ECB said this is “not under consideration”. The ECB manages the euro currency and conducts monetary policy for the 19 EU Member States that have adopted it.
According to the ECB’s internal analysis, the proposal equates to providing direct funding to governments, violating the ECB mandate. This practice, which economists call “monetary financing”, is banned in the EU Treaties because of evidence suggesting it results in high inflation and loss of central bank credibility.
I just wanted to say that I am genuinely impressed by De Wever. I mean, I was already kind of surprised about the way he was seriously doing the PM job, but the way he is managing this situation and resists the EU trying to force Belgium to use the Russian assets is remarkable. I consider him an actual statesman, something I wouldn’t have said about him two years ago.
So. As of today, for the period of 2022-2025 the EU has provided for around €187 billion to Ukraine, including 50 billion recovery. Why do they suddenly need €140 billion for 2026-2027 and expect belgium to just take the risk on it’s own. That’s more than the aid all of europe has provided up to now. Belgium provided 2.76 billion in military aid, compare this to spain, italy and austria. Countries that are 4 times as big ( in case of the amount of citizens italy, poland, spain, romania all havr more citizens than belgium) why do these countries provide less to the total amount? Look at germany and the uk, €17 billion each of them. How is this a united europe? It seems like allot of these countries just want the bennefits but whenever they have to pay up themselves they get cold feet, disgusting.
The only solution would now be to give back the money to Russia. It is their money anyway.
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