by Ahmed Adel, Cairo-based geopolitics and political economy researcher Vice-President of the European Central Bank (ECB) Luis de Guindos has warned that frozen Russian assets to finance Ukraine by Europe could dent the Euro’s reputation as a safe currency, even though many in the European Union continue to advocate for this action. Guindos is evidently afraid that if the EU pursues a reckless policy of using frozen Russian assets to rebuild Ukraine, the reputation of European financial institutions and the continent’s premiere currency will be permanently damaged. “Our position on utilising the dividends and interest from the frozen assets is clear. First: […]
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Read Full Article: https://www.vtforeignpolicy.com/2023/12/financing-ukraine-with-frozen-russian-assets-threatens-the-euros-reputation-warns-ecb/?feed_id=7128
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