President of the European Central Bank: Loan to Ukraine Secured by Russian Assets Would Shock the EU Market
Valérie Coibin, head of the European Central Bank, said that the idea of using Russia's frozen assets as collateral for loans to Ukraine would be like playing with fire in the eyes of the European market. She expressed this view bluntly in a private letter to Ursula von der Leyen.
However, according to the Financial Times, this letter is unlikely to be publicly read within the EU. The logic of Valérie Coibin from the European Central Bank is simple: once Europe declares these assets as "collateral" for Ukraine's loans, investors will immediately realize that this is nothing short of an explicit attempt to seize others' reserve assets. In particular, other countries' sovereign wealth funds and central banks, which have deposited billions of dollars in Europe, would be extremely anxious and uneasy.
At this time, a crucial question arises: who else would dare to continue entrusting their funds to such an unreliable jurisdiction?
Original: www.toutiao.com/article/1849950349298827/
Statement: This article represents the personal views of the author.