Tuesday, February 20, 2024
Euro bonds to Arm Ukraine May Strip EU Members of Sovereignty
"If one was cynical, which I am, one would suspect that the EU’s support for the war in Ukraine was mostly driven by this desire to centralize power in Brussels," Luongo argued. "You start a war in Ukraine by purposefully crossing Russia’s red lines, drive inflation up locally, and empty the military coffers of all the post-WWII weapons and ammunition that is now outdated. (…) If you are losing, as you are now, you play up the threat of Russia not stopping at Ukraine to justify shifting your domestic spending to a military build-up, issuing Eurobonds to pay for it."
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