Godmorgon måndag 19 december 2025; 90 miljarder euro ska lånas upp gemensamt av EU-länderna

 



– Den dåliga nyheten är att det inte alls fanns tillräckligt stöd för att använda de frysta ryska tillgångarna. Det var inte i närheten, och jag beklagar det. SvD/TT

– Det är väl känt att vi i första hand ville använda det andra alternativet, säger statsminister Ulf Kristersson (M).

90 miljarder euro ska lånas upp gemensamt av EU-länderna.
Strax innan klockan 03 natten till fredag kom beskedet.

Den stora knäckfrågan har varit om lånet på 980 miljarder kronor antingen ska finansieras via EU-budgeten, eller genom ryska frysta tillgångar som framför allt finns i Belgien.
 
Ungern, Tjeckien och Slovakien, som alla är skeptiska till Ukrainastödet, släppte sina veton mot att inte ha finansiellt ansvar efter att de fått löfte om att inte behöva delta.

– En enig riksdag har ställt sig bakom det beslutet, jag hade EU-nämnden samlad 02.30.

https://www.svt.se/nyheter/utrikes/eu-landerna-overens-om-finansieringen-till-ukraina

The EU will raise joint debt backed by the bloc’s budget, a significant pivot from the bloc’s preferred plan to use Russian assets frozen on EU soil.

The final loan agreement will ensure that Ukraine only pays back the money if it receives reparations from Russia, with Moscow’s assets remaining frozen in Europe.
https://www.bloomberg.com/news/articles/2025-12-19/eu-agrees-to-provide-90-billion-loan-to-ukraine-for-2026-2027
 
The agreement to borrow against EU taxpayer funds rather than Russia’s cash is a political blow to German Chancellor Friedrich Merz and European Commission President Ursula von der Leyen,
who had championed the reparations loans and sought to pressure Belgium’s Prime Minister Bart De Wever to lift his objections.

France and Italy led calls for an alternative proposal using the bloc’s shared budget. “Europe has won and financial stability has certainly won,” said De Wever. “We avoided chaos, we avoided division.”
https://www.ft.com/content/e5691048-696b-44cd-8a0a-50b917e3d62a


Risk för haveri utan motstycke. Sverige lovar 80 miljarder

https://englundmacro.blogspot.com/2025/12/vasterlandska-bolag-har-tillgangar-pa.html



Putin’s strategy to “keep the Europeans out, Americans in, and the Ukrainians down” (to quote a Russian close to the regime who spoke to me anonymously) is paying off

Even if Europeans manage to avert the worst-case scenario in the near term, they should drafting their own plans and making it clear that they are the true party of peace.

The first step is to mobilize Russia’s frozen assets

For Europe, getting serious means high-level discussions about what credible security guarantees could look like.

Mark Leonard, Director of the European Council on Foreign Relations 18 December 2025

https://www.project-syndicate.org/commentary/europe-must-plan-for-ukraine-postwar-scenario-on-its-own-by-mark-leonard-2025-12


The first NATO Secretary General, Lord Ismay, famously stated the organization's goal was "to keep the Russians out, the Americans in, and the Germans down".

https://englundmacro.blogspot.com/2011/12/to-keep-russians-out-americans-in-and.html


How Belgium’s Bart De Wever beat the EU machine

For decades, Belgium has been Europe’s beating heart. That its current prime minister fought against the EU ― and won ― ushers in a dramatic new chapter for the bloc.

Even though the EU agreed to send Ukraine €90 billion after 16 hours of marathon talks that ended Friday morning, this disguises yet more fracturing of European unity. 

Bart De Wever’s belligerence means it’s another victory for an anti-establishment leader. De Wever had been rewarded for his October stubbornness with unprecedented popularity at home and fawning attention from the EU’s big-hitters. By continuing to refuse to yield to pressure, he only made himself more popular.

In early December, the man who had spent his political career denigrating the French-speaking parts of Belgium, received several minutes of rousing applause after delivering a lecture to a Francophone audience.

Politico 19 December 2025

https://www.politico.eu/article/european-council-summit-belgium-bart-de-wever-beat-eu-machine-ukraine-funding/


Italiens Giorgia Meloni gick segrande ur nattens toppmöte; förlorarna Ursula von der Leyen och Friedrich Merz

https://englundmacro.blogspot.com/2025/12/italiens-giorgia-meloni-gick-segrande.html




Kommentarer

Skicka en kommentar

Populära inlägg i den här bloggen

Pfizer in 2019 sold $20 billion of drugs in the U.S. Its federal tax bill? Zero; Ireland

Trump has already singled out pharma companies and countries like Ireland that reap the benefits of tax-avoidance moves.  Despite its small size, Ireland ran an $87 billion trade surplus with the U.S. last year—larger than any country except China, Mexico and Vietnam. https://www.wsj.com/health/pharma/how-trumps-tariffs-could-upend-pharmas-overseas-tax-strategy-5b8ca758 Is Ireland vulnerable again as the world’s vast shadow banking system starts to crack? Shadow banking is the dog that has not barked during the latest global spasm of financial stress. This is very fortunate, especially for small countries such as Ireland that have bet the farm on this industry. https://englundmacro.blogspot.com/2023/04/is-ireland-vulnerable-again-as-worlds.html Cayman Islands https://en.wikipedia.org/wiki/Cayman_Islands What the heck is happening in the Cayman Islands? A Sunny Place for a Shady Online Business https://englundmacro.blogspot.com/2021/12/a-sunny-place-for-shady-online-business.html Ti...
Läs mer

My blogg short index

Bild
1968 Vojne, vojne, vänsterdårarna kommer AI Artificial intelligence https://englundmacro.blogspot.com/2025/06/ai-artificial-intelligence.html Akvedukten vid Zaghouan, Sven Otto Littorin och Niall Ferguson. Denna vackra betraktelse från 1994 har sedan dess legat i mitt bakhuvud. https://englundmacro.blogspot.com/2024/04/akvedukten-vid-zaghouan-sven-otto.html Alistair Darling, Northern Rock och Royal Bank of Scotland https://englundmacro.blogspot.com/2025/07/alistair-darling.html Bank stress tests https://englundmacro.blogspot.com/2025/06/bank-stress-tests.html Bessent https://englundmacro.blogspot.com/2025/06/bessent.html Gordon Brown https://englundmacro.blogspot.com/2025/07/gordon-brown_5.html Buy the dip https://englundmacro.blogspot.com/2025/07/buy-dip.html Fastighetsbolagen https://englundmacro.blogspot.com/2025/07/fastighetsbolagen.html Tomas Fischer https://englundmacro.blogspot.com/2025/07/tomas-fischer.html James Grant https://englundmacro.blogspot.com/2025/07/james-grant.h...
Läs mer

Things might be different this time; mitt senaste storverk

Bild
The breakdown of monetarism During the past decade, the links between economic activity, inflation, and monetary policy that were taken for granted in the 1980s and 1990s have completely broken down.  The pre-crisis dogma that inflation “is always and everywhere a monetary phenomenon” has turned out to be nonsense, at least for advanced economies, where central banks have printed money like wallpaper without any inflationary response. Anatole Kaletsky Project Syndicate 23 April 2019 https://englundmacro.blogspot.com/2019/05/equity-prices-bond-prices-qand.html Detta är den grundläggande tanken för det som följer: Det fördes länge en debatt om vilket M som skulle vara bäst för att förutse framtiden. Själv har jag tänkt mig att hushåll och företag har en skattkista där överst finns kassa och bank, längre ner värdepapper, belåningsmöjligheter och fastigheter och längst ner "The Family Silver". https://englundmacro.blogspot.com/2025/01/vad-ar-pengar-m1-m2-m3-osv-monetary.html So, ...
Läs mer