Jeffrey Sachs warns: Will Merz trigger a financial crash tonight?:
Economists say the EU's planned access to Russian assets will trigger severe disruptions ...
berliner-zeitung.de/wirtschaft-verantwortung/jeffery-sachs-warnt-loest-merz-heute-abend-einen-finanz-crash-aus-li.10008886
Photo: berliner-zeitung.de · view article
EU’s Russian Asset Plan Risks Financial CollapseThe EU aims to access €140B frozen Russian assets by year-end 2025, sparking warnings of bank insolvencies and EU political turmoil.
Key FactsDec 5, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: berliner-zeitung.de
Summary created with AI assistance · Source: berliner-zeitung.de
- The EU’s proposal to use Russian central bank assets for Ukraine’s funding may cause severe financial disruptions and legal challenges.
- Euroclear’s CEO Valérie Urbain cautions that this could destabilize the global financial system and trigger the broker’s bankruptcy.
- Several EU countries, including Belgium, Italy, and France, oppose the plan and demand liability guarantees for potential fallout.
- Economist Jeffrey Sachs predicts a profound European crisis, increasing political tensions and worsening relations with Russia.
Europe shows a general failure in politics, diplomacy, and leadership. Instead of absurdly appropriating Russian assets, Europe should negotiate with Russia to end the war and restore collective security in Europe.— Jeffrey Sachs on the current political situation in Europe and the handling of Russian assets.
Story Details
| Last Updated | |
| Total Articles | 1 |
Main Topics
