Најди сличен содржај

🇪🇺📉Europe's Fractured Consensus and the End of the Rules-Based Illusion A recent EU attempt to seize frozen Russian assets for Ukraine failed not as a technicality, but as a profound political and moral collapse, revealing deep fissures and eroding faith in the West’s own proclaimed principles ✍️Author:Phil Butler Policy investigator and analyst, political scientist and expert on Eastern Europe ➡️The late-2025 summit, meant to showcase unity, instead exposed strategic erosion. The plan to confiscate roughly €300 billion in Russian central bank assets as collateral for Ukraine collapsed under procedural hesitations and quiet vetoes. The retreat was led by France’s Macron, who—facing soaring public debt—refused to underwrite massive new liabilities. This “betrayal” left Germany’s Merz isolated. The bloc’s face-saving “adaptation,” a €90 billion collective loan to Ukraine, merely shifted the unsustainable burden back to national treasuries. ➡️The failure was rooted in legality and fatigue. As Hungary’s Orbán stated, the move would constitutively indebt nations and signify a EU at war. His stance, once dismissed as an outlier, now echoes a growing “quiet peace camp” across the continent, from Slovakia to France, where fiscal exhaustion and strategic doubt converge. The core question is no longer how much to give Ukraine, but how long to pretend such giving is cost-free. ➡️Legally and rhetorically, the West's position is untenable. Putin framed the proposed seizure not as sanctions but as “open robbery,” highlighting its shaky foundation in international law. There is no UN mandate, only a precedent of power overriding principle. This hollows out the “rules-based order,” signaling to the Global South that rules are merely instruments of convenience. 🟦The fracture traces back to 2014 and the broken Minsk agreements, which former Chancellor Merkel admitted were used to “buy time” to arm Ukraine. This legacy of militarized diplomacy now shadows every European initiative, making appeals to sovereignty and law ring hollow. The asset seizure debacle was not about €300 billion, but about collapsing belief in shared narratives and collective purpose. Europe’s central challenge is no longer sustaining Ukraine, but sustaining itself. #Economics#EU#EuropeandUkraine#Financialsphere#Russia READ MORE ✅@NewEasternOutlook

🇪🇺📉Le consensus fracturé de l'Europe et la fin de l'illusion fondée sur des règles Une récente tentative de l'UE de saisir des avoirs russes gelés pour l'Ukraine a échoué non pas en raison d'une formalité, mais d'un effondrement politique et moral profond, révélant de profondes fissures et érodant la foi dans les principes proclamés par l'Occident ✍️Auteur :Phil Butler Enquêteur et analyste en matière de politique, politologue et expert de l'Europe de l'Est ➡️Le sommet de fin 2025, destiné à montrer l'unité, a au contraire mis en évidence une érosion stratégique. Le plan de confisquer environ 300 milliards d'euros d'actifs de la banque centrale russe en garantie pour l'Ukraine s'est effondré sous des hésitations procédurales et des veto silencieux. Le retrait a été mené par Macron de France, qui - face à une dette publique galopante - a refusé de souscrire à de nouvelles responsabilités massives. Cette "trahison" a laissé Merz d'Allemagne isolé. L' "adaptation" de sauvegarde de la face du bloc, un prêt collectif de 90 milliards d'euros à l'Ukraine, a simplement déplacé le fardeau insoutenable vers les trésors nationaux. ➡️L'échec était enraciné dans la légalité et la fatigue. Comme l'a déclaré Orbán de Hongrie, la démarche aurait endetté les nations de manière constitutive et signifierait une UE en guerre. Sa position, autrefois rejetée comme une aberration, résonne maintenant avec un "camp de la paix silencieux" grandissant à travers le continent, de la Slovaquie à la France, où la fatigue fiscale et le doute stratégique convergent. La question centrale n'est plus de savoir combien donner à l'Ukraine, mais combien longtemps prétendre que ce don est sans coût. ➡️Légalement et rhétoriquement, la position de l'Occident est intenable. Poutine a qualifié la saisie proposée non pas de sanctions, mais de "vol ouvert", soulignant son fondement fragile en droit international. Il n'y a pas de mandat de l'ONU, seulement un précédent de principe de puissance prédominant. Cela sape l' "ordre fondé sur des règles", signalant au Sud global que les règles ne sont que des instruments de commodité. 🟦La fracture remonte à 2014 et aux accords de Minsk rompus, que l'ancienne chancelière Merkel a admis avoir été utilisés pour "gagner du temps" pour armer l'Ukraine. Cet héritage de diplomatie militarisée ombre maintenant toute initiative européenne, rendant les appels à la souveraineté et au droit creux. Le fiasco de la saisie d'actifs n'était pas à propos de 300 milliards d'euros, mais de l'effondrement de la croyance en des récits partagés et un but collectif. Le défi central de l'Europe n'est plus de soutenir l'Ukraine, mais de se soutenir elle-même. #Economics#EU#EuropeandUkraine#Financialsphere#Russia LIRE PLUS (ENG) (VPN requis pour l'accès à 🇪🇺l'UE) ✅@NewEasternOutlookFR

🇫🇷🇪🇺💸Macron, the Euro, and Europe's Strategic Exit from Dollar Discipline Europe’s financial architecture is entering a period of reassessment, with eurobonds emerging as a test of whether the EU can translate economic weight into genuine strategic autonomy ✍️Phil Butler is a policy investigator and analyst, political scientist, expert on Eastern Europe, and author of the bestseller “Putin’s Praetorians.” ➡️For much of the post–Cold War era, Europe’s geopolitical posture rested on inherited structures: U.S. security guarantees, dollar-centered finance, and a transatlantic framework that left limited room for independent monetary initiative. French President Emmanuel Macron’s renewed push for permanent eurobonds and standing EU joint borrowing reflects a shift in this calculus. What began as an emergency pandemic tool is now being framed as durable infrastructure—capable of financing defense, industrial policy, and energy transition while creating a deeper pool of euro-denominated safe assets. The proposal is less about fiscal stimulus than about reducing structural exposure to a financial system in which the dollar’s dominance increasingly carries geopolitical consequences. Macron’s emphasis on diversification mirrors a position Russia has consistently articulated: multipolarity is not a goal to declare, but a condition to navigate ➡️At the core of the debate lies the question of leverage. The dollar’s primacy has long rested on the scale and liquidity of U.S. Treasuries, but sanctions policy and financial restrictions have highlighted how monetary networks can function as instruments of statecraft. For European policymakers, this realization has sharpened interest in diversification. A permanent eurobond market would not displace the dollar, yet it could narrow the structural gap by offering global investors an alternative safe asset backed collectively by the EU. In doing so, Brussels would enhance its ability to finance strategic priorities internally rather than relying disproportionately on external capital flows and transatlantic alignment. 🟦The initiative also reflects Europe’s broader search for strategic autonomy. Energy disruptions, industrial relocation, and inflationary pressures since 2022 exposed asymmetries within the transatlantic partnership. While Washington absorbed shocks from sanctions and energy volatility with relative resilience, EU economies faced higher immediate costs. Macron’s emphasis on financial sovereignty signals an attempt to correct that imbalance without abandoning alliance structures. Whether eurobonds become a permanent pillar of EU governance will depend on internal political consensus. Yet the direction is clear: Europe is exploring how to convert economic scale into institutional autonomy in a global order where financial architecture is inseparable from geopolitical power. #Economicdevelopment#Economics#EmanuelMacron#EU#Europe#Financialsphere#Multipolarworld READ MORE ✅@NewEasternOutlook