The EU’s plan to borrow against the headroom of its long-term budget to keep Kyiv’s war effort afloat won’t impact Prague, Budapest, or Bratislava, according to draft conclusions we’ve seen.
“Any mobilisation of resources of the union’s budget as a guarantee for this loan will not have an impact on the financial obligations of the Czech Republic, Hungary, and Slovakia,” the conclusions read.
The document also notes that the loan will provide Kyiv with a total of €90 billion worth of funding in 2026 and 2026. However, this part of the text is in brackets – meaning it has not yet been agreed by all 27 EU leaders.
GreenEyeOfADemon on
Yessss!!!
Stabile_Feldmaus on
I would have preferred using the Russian assets since it would have been a huge middle finger to both Russia and the US but as a federalist I can also see the good in joint EU borrowing and in the end what matters is that Ukraine gets the funding. Lets go Europe!!
Ill_Froyo2 on
Just sad
Haunting_Switch3463 on
Finally, now I can go to bed and sleep.
adventmix on
So they’ve backed off from using Russian assets. Might be a signal than the peace deal is feasible after all.
choobad on
The “correct” bank accounts go brrrrrr.
rikos969 on
So 90bn will be as help or a loan ??
SweetGiggle-s on
Whatever side people are on politically, it’s hard to ignore that this is a big commitment made openly and approved through proper channels. Long-term planning for 2026–27 shows this isn’t just a short-term headline move. It gives Ukraine and European partners something solid to plan around.
series-hybrid on
The new weapons coming out of Germany and UK are pretty damn good.
Altruistic_Tea_1593 on
Thats it?
AdminEating_Dragon on
Merz now really needs Mercosur to be signed in January, because he gave France and Italy their prefered option (joint EU borrowing) here.
SraminiElMejorBeaver on
I guess this will make things like the gripen e deal real eventually ?
Candid_Koala_3602 on
Is that a lot?
John_OSheas_Willy on
Europe will bankrupt itself. There’s no end to this war so it’ll just end up having to spend tens of billions every year which it can’t afford.
Unrest will grow with budget cuts in countries to pay for Ukraine.
For example, they’re already talking about massive cuts to the eu agri budget
ExerciseFickle8540 on
Don’t know how much of that money will end up in the pockets of the corrupt officials in Ukraine
Sea-Technician1914 on
How about you cowards send troops to the frontlines
notveryamused_ on
Fuck yes, well done Europe. I would also like to see proper consequences for the Hungarian government, which tried to sabotage Europe and openly commited treason with Russia against the EU, but this would be a cherry on top. I do like cherries a lot though.
thetagang93 on
This is barely a win. Just enough for Ukraine to survive for another year. EU not serious about this war.
Russia will return to world order, keep its money and probably invade someone else after they take Ukraine.
I truly wonder if Russia invaded a EU proper country if this money would’ve been confiscated. Bet you Western Europeans would still be concerned about the legality of taking the money as cruise missiles are raining on their county.
Russia “rules for thee, not for me”
Europe “ethics, moral high ground”
Guess who’s winning ?
itsadiseaster on
The war will continue to rage… Congratulations!
sammy_conn on
More meat for the grinder.
myreala on
Way too many Russian bots in these comments. I am honestly thinking of just fully moving to Lemmy. At this point Reddit is 50% bots, 30% Indians and 20% Americans.
Modronos on
Everyone brace yourself, the Kremlin is really not happy with this, so here comes a huge bot attack!!
almarcTheSun on
Solid. This is finally some simply great news for once.
ys2020 on
I hope it comes with a condition to spend the euros on the European weapons only. Sack the yanks.
bukowsky01 on
From Kiel Institute (for what it’s worth):
* **2022-2024 Average:** Around €41.6 billion in total aid (military, financial, humanitarian) annually.
* **2025 (to late 2025):** €32.5 billion allocated, falling short of previous years, notes Kiel Institute.
So that if EU countries keep existing aid on top of this, it would significantly increase actual funding, more than doubling it. I’m guessing the other funding might dry up a bit, but it would still constitute a major boon.
26 commenti
More details here as the story keeps being told: https://www.euractiv.com/news/eu-summit-live-brussels-do-or-die-moment/
Previously this was reported:
———–
The EU’s plan to borrow against the headroom of its long-term budget to keep Kyiv’s war effort afloat won’t impact Prague, Budapest, or Bratislava, according to draft conclusions we’ve seen.
“Any mobilisation of resources of the union’s budget as a guarantee for this loan will not have an impact on the financial obligations of the Czech Republic, Hungary, and Slovakia,” the conclusions read.
The document also notes that the loan will provide Kyiv with a total of €90 billion worth of funding in 2026 and 2026. However, this part of the text is in brackets – meaning it has not yet been agreed by all 27 EU leaders.
Yessss!!!
I would have preferred using the Russian assets since it would have been a huge middle finger to both Russia and the US but as a federalist I can also see the good in joint EU borrowing and in the end what matters is that Ukraine gets the funding. Lets go Europe!!
Just sad
Finally, now I can go to bed and sleep.
So they’ve backed off from using Russian assets. Might be a signal than the peace deal is feasible after all.
The “correct” bank accounts go brrrrrr.
So 90bn will be as help or a loan ??
Whatever side people are on politically, it’s hard to ignore that this is a big commitment made openly and approved through proper channels. Long-term planning for 2026–27 shows this isn’t just a short-term headline move. It gives Ukraine and European partners something solid to plan around.
The new weapons coming out of Germany and UK are pretty damn good.
Thats it?
Merz now really needs Mercosur to be signed in January, because he gave France and Italy their prefered option (joint EU borrowing) here.
I guess this will make things like the gripen e deal real eventually ?
Is that a lot?
Europe will bankrupt itself. There’s no end to this war so it’ll just end up having to spend tens of billions every year which it can’t afford.
Unrest will grow with budget cuts in countries to pay for Ukraine.
For example, they’re already talking about massive cuts to the eu agri budget
Don’t know how much of that money will end up in the pockets of the corrupt officials in Ukraine
How about you cowards send troops to the frontlines
Fuck yes, well done Europe. I would also like to see proper consequences for the Hungarian government, which tried to sabotage Europe and openly commited treason with Russia against the EU, but this would be a cherry on top. I do like cherries a lot though.
This is barely a win. Just enough for Ukraine to survive for another year. EU not serious about this war.
Russia will return to world order, keep its money and probably invade someone else after they take Ukraine.
I truly wonder if Russia invaded a EU proper country if this money would’ve been confiscated. Bet you Western Europeans would still be concerned about the legality of taking the money as cruise missiles are raining on their county.
Russia “rules for thee, not for me”
Europe “ethics, moral high ground”
Guess who’s winning ?
The war will continue to rage… Congratulations!
More meat for the grinder.
Way too many Russian bots in these comments. I am honestly thinking of just fully moving to Lemmy. At this point Reddit is 50% bots, 30% Indians and 20% Americans.
Everyone brace yourself, the Kremlin is really not happy with this, so here comes a huge bot attack!!
Solid. This is finally some simply great news for once.
I hope it comes with a condition to spend the euros on the European weapons only. Sack the yanks.
From Kiel Institute (for what it’s worth):
* **2022-2024 Average:** Around €41.6 billion in total aid (military, financial, humanitarian) annually.
* **2025 (to late 2025):** €32.5 billion allocated, falling short of previous years, notes Kiel Institute.
So that if EU countries keep existing aid on top of this, it would significantly increase actual funding, more than doubling it. I’m guessing the other funding might dry up a bit, but it would still constitute a major boon.