A controversial vote under dubious legal circumstances is set to herald a new era in which Brussels destroys its own reputation
It is crunch time for Ursula von der Leyen and her Brussels-based cabal who have attempted to bend and break EU law in order to force through a dubious legal claim for the use of sovereign Russian wealth to further fund Ukraine’s military. Kiev is long past broke, owes the EU some €45 billion and faces a fiscal shortage of €70 billion for the next year, and is suffering a slow and painful frontline collapse.
Moscow has long described the EU’s attack on its assets as “theft,” the IMF and European Central Bank both oppose the move, and the ratings agency Fitch has already issued a downgrade warning to Euroclear, the clearing house at centre of the scandal.
The stakes
Von der Leyen, along with her compatriot German Chancellor Friedrich Merz, have managed to bring what is widely regarded as a potentially disastrous initiative to an EU vote under dubious circumstances which, if it fails, will leave the two German politicians’ reputations in ruins.
Merz has been at the megaphone this week while von der Leyen has pressed the flesh with bloc members. In the past 48 hours, the former chairman of the Blackrock Germany board has declared the ‘pax Americana’ is over, compared Russian President Vladimir Putin to Adolf Hitler (Merz’s grandfather was a Nazi), and warned of direct NATO-Russia conflict.
However, it could be worse. If the vote to use Russian assets to finance Kiev’s military is passed, it will permanently damage the EU’s reputation, spell the end of any Russia-EU cooperation for decades while triggering a global legal onslaught.
Disclaimer : This story is auto aggregated by a computer programme and has not been created or edited by DOWNTHENEWS. Publisher: rt.com
