Re:Zelensky leaves White House after angry meeting
by throw930404945 on Friday February 28, 2025 @06:48PM
(#43213479)
But the loans are not gone. Many of them were loaned by private banks, and guaranteed by goverments. UK has like 30 billion pounds in this scheme.
Europe is yet to give those money!
Re:Zelensky leaves White House after angry meeting
by xorcist on Friday February 28, 2025 @08:17PM
(#43214421)
That's just a technicality. There is no "EU" tax so the institutions does not have the billions to give away. They can however secure loans so that is the method being used. But make no mistake what is happening here.
Look at the backing countries and how they are spending on Ukraine. There you will see the direct donations.
No EU member country has yet to make a billion dollar repayment claim post facto. Certainly not five hundred billion.
Re:Zelensky leaves White House after angry meeting
by earthnail on Friday February 28, 2025 @07:29PM
(#43213981)
I don’t see how you’re describing anything other than what I’ve described.
The money may come from the private sector, but the government guarantees for it. This is government spending.
On paper, the government may theoretically not have to pay, but in practice everyone knows that the loans aren’t paid back and then the government must pay for them.
These loans really are just creative accounting for giving money within the budgetary constraints European governments find themselves in.
Loans are the way to do it because of the way most European budgets work. But you can’t call them regular loans in good faith, and no politician in Europe does so. The language towards the public is that Europe is giving money.