Europe can postpone recognition of failure, but it cannot postpone the bill.
Europe now faces a stark choice forced by its disastrous war policy against Russia: either allow the EU to successfully move toward a centralized state over the heads of its member states, risking a mass Eurexit that may or may not succeed in reaction to that gamble, or delay the larger crisis through member states quietly accepting one of several schemes that will cripple the economy and create social strife regardless.
The Union must decide whether to use frozen Russian sovereign assets to finance a €140 billion “reparation” loan for Ukraine, or to issue joint debt through Eurobonds. Both paths carry severe legal risks and impose heavy costs on citizens: one through contingent liabilities, the other through immediate taxes, austerity, and political instability.
Pushing through the Eurobond option would amount to a structural coup, a radical re-engineering of the EU against its current form. A recent…
https://www.sott.net/article/502868-Destroying-Europe-in-order-to-save-it-Extortion-theft-and-the-EUs-two-disastrous-choices