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Neural Foundry's avatar

Outstanding breakdown of the EUCO loan mechanics. The conditionality you highight is genuinely bizzare - tying €90B repayment to a Ukrainian military victory that extracts reparations from Russia. That's not really a loan in any meaningful sense, more like fiscal theater that lets politicans tell voters they're being 'responsible' while effectively writing off the funds. I dunno how anyone expected this structure to pass basic scrutiny.

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freshquest's avatar

I hope you and your family enjoy a festive Christmas and NewYear's season replete with vegetables from the garden. Thank you for your persistent efforts this year to keep your tribe of readers informed.

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