EU plans to treat Belgium like Hungary if it doesn’t back Ukraine loan – POLITICO
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Frozen out and cold-shouldered: The reality facing Belgian Prime Minister Bart De Wever if he torpedoes the EU’s plan.

  • plyth@feddit.orgEnglish
    81·
    3 days ago

    and has now asked for more safety nets.

    He wants the EU to provide an extra cash buffer on top of financial guarantees and increased safeguards to cover potential legal disputes and settlements — an idea many governments oppose.

    Nearly all the Russian assets are housed in Euroclear, a financial depository in Brussels.

    To push the risk onto Belgium will turn the EU evil. If the risk is so low then it should be easy to give these guarantees. If they are not given then the EU is abusing Belgium because the risk is actually high.