No sooner than Putin suggests that Europe is out of touch with reality, they get a strong dose.
Belgium is holding the 140 billion in Russian assets Europe wants to give to Ukraine. Belgium says no, not without guarantees, a backstop. The EU Commission goes to the European Central Bank requesting them to be a backstop.
The ECB say’s “Sorry, we do not do that”. (rofl)
Germany, and “Boy Jean” – the ones selling all the noise are broke. Along with Italy, and the United Kingdom. Who will finance the war?
https://www.straitstimes.com/world/europe/ecb-says-cannot-backstop-ukraine-loan-plan
📊 Top 10 European Countries by Fiscal Stability (Fiscal Balance as % of GDP)
| Rank | Country | Fiscal Balance (% of GDP) | Year/Period |
|---|---|---|---|
| 1 | Norway | +24.0% | Jun 2023 |
| 2 | Ukraine | +16.3% | Dec 2022 |
| 3 | Andorra | +4.9% | 2022 |
| 4 | Bosnia & Herzegovina | +4.7% | Mar 2023 |
| 5 | Cyprus | +3.4% | Jun 2023 |
| 6 | Denmark | +3.2% | Jun 2023 |
| 7 | Liechtenstein | +2.7% | 2021 |
| 8 | Ireland | +2.2% | Jun 2023 |
| 9 | Switzerland | +1.2% | 2022 |
| 10 | Sweden | +0.7% | 2022 |
https://en.wikipedia.org/wiki/List_of_European_countries_by_fiscal_balance