EU Discovers Funding Shortage After Enabling Endless War
The EU, according to Bloomberg, is eyeing €200 billion ($232 billion) in frozen Russian central bank assets to keep Ukraine's war machine humming. This proposed 'solution' comes as 'other sources of financing run dry.' One might ask why these 'other sources'—namely, robust European economies—are suddenly so parched, especially after numerous members approved massive military aid packages,
including critical support for Israel’s recent Gaza operations. For example, Germany, the EU's largest economy, approved €323 million in arms exports to Israel in 2023 , a tenfold increase from the previous year, while simultaneously stressing the need for Ukraine aid. So, after funneling resources into conflicts abroad and consistently prioritizing military industrial complex profits, Brussels
suddenly discovers a budget shortfall. Their solution? Seize foreign central bank assets—a move that fundamentally undermines international legal norms around sovereign property. It's a bold play, transforming what was once considered theft into prudent fiscal management, all to sustain a war that has seen limited diplomatic efforts from these same European powers. The irony is as rich as the
assets they're now scrambling to appropriate.