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A Dark Day for Europe
From robinjbrooks.substack.com
The tug of war over Russia’s frozen reserves has been about two things. On the surface, it’s been about funding Ukraine and setting a precedent that - if you invade a country and murder innocent people - your financial assets are at risk of being seized. But, on a deeper level, it’s about something even more important, which is governance and moral direction within the EU. The decision to issue joint EU debt to fund Ukraine is a disaster on both dimensions. It fails to set the critical precedent that Russia’s frozen reserves would be seized. That alone is terrible because it gives every tinpot dictator a ... (full story)
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- Dec 19, 2025 7:23am Posted byFundamental Analysis171
