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  1. >While European governments are open to guaranteeing a pre-agreed figure, they are reluctant to sign up to what they describe as a “blank check.” **Four EU diplomats told POLITICO that they cannot accept De Wever’s request because it would put their country’s financial viability at the whim of a court ruling — potentially exposing them to billions of euros of repayments years after the war in Ukraine ends.**

    So what these European countries expect to happen to the Belgian’s if they take on this alone?

    >… the EU’s foreign policy chief, Kaja Kallas, showed understanding for Belgium’s predicament — but fell short of suggesting a way forward. “I don’t diminish the worries that Belgium has, but we can address those, shoulder those and work on a viable solution,” she said.

    And again, no guarantees to speak of. You take one for the team and we’ll throw you some EU subsidizes on the backend when you’re indebted to the Russian’s because we pushed you into it. Who needs an economy when you’ve got friends like these?

  2. Waffle_Signal on

    Makes sense they balked. A court-triggered “blank check” is political suicide. Why not a capped, shared guarantee with a legal backstop fund? Belgium shouldn’t solo this, collective decision, collective liability.

  3. Ecstatic-pain-help on

    The reason why the EU is powerless against russia is that we have laws and bureaucracy. It the situation was reversed, russia wouldn’t think twice to use EU’s frozen funds.

  4. TianZiGaming on

    >Four EU diplomats told POLITICO that they cannot accept De Wever’s request because it would put their country’s financial viability at the whim of a court ruling — potentially exposing them to billions of euros of repayments years after the war in Ukraine ends.

    The EU just wants Belgium to be the sole bagholder when things go badly, lol. And with the type of deal the US is trying to make, the EU knows there’s a good chance for things to go badly. And it comes as no surprise that none of the other countries want to put their own economies at risk.

  5. hmtk1976 on

    ´EU countries´ being bloody hypocrites. I´d like to know which countries are being so obstinate. But of course Politico keeps repeating the same news without providing anything but anonymous sources.

  6. DeKosterIsNietDom on

    Really hope De Wever stands firm on this. We should at the very least get absolute guarantees from every EU country that they would share responsibility. On top of that, all other countries with frozen Russian funds should be put under the same pressure as Belgium.

    Personally I don’t even support taking this money at all but if you’re going to take it, De Wever’s demands have been more than fair. It’s very surprising to me that foreign press agencies have been spinning this story as if Belgium is the problem here. I doubt taking this money is even legal at all.

  7. So European countries don’t want this because it exposes them to an outlay worth billions annually but do expect Belgium to agree to potentially a court-imposed outlay of hundreds of billions? Pathetic

  8. The EU should absolutely seize the money and hand it over to Ukraine. Whats even the worst that could happen, and even if that did happen does Europe really need their own financial and banking system? Europe can always just use the American system, it will be fine and certainly worth it.

  9. I think this gets too little attention. It seems like other countries are looking for a scapegoat when blaming Belgium.

  10. Belgium’s concerns are reasonable, we should share the burden together.

    Would be a nice time for countries to step forward which (comparatively to Scandis, Baltics, Germany etc) are lagging on deliveries towards Ukraine.

  11. kishorecmgb on

    And people are in the presumption that the EU is a single war economy , single military force and single category of population all the while EU wants belgium to take the heat when using Russian assets backfires on them.This is just sad for those people.

  12. Prime-Omega on

    Can we please name and shame these specific EU diplomats and or countries?

    Also we’re not the only ones holding Russian assets, what about other countries?

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