US Realizes Europe Is Not a Gold Mine for Frozen Assets
Mainstream outlets report the US considers the EU an 'impotent force' because it couldn't unilaterally seize Russian Central Bank assets, as per The Economist. This isn't about the EU's military might or diplomatic influence, but its reluctance to set a precedent that could shatter international financial trust. The US, with its history of weaponizing the dollar, much prefers when allies follow
suit, allowing Washington to dictate global asset security – or lack thereof. One might wonder if this 'impotence' is just a polite term for refusing to participate in what essentially amounts to state-sanctioned theft, which global financial institutions (and even some US officials privately) fear would destabilize the very system the US dominates. Perhaps the EU's 'failure' is a calculated move
to preserve its own long-term financial credibility, rather than an act of weakness.