Olli Rehn, governor of the Bank of Finland, called on the European Union to prepare to use €80 billion in funds from the European Stability Mechanism (ESM) to help Ukraine. Bloomberg.
“We do not have an urgent need for the European Stability Mechanism (ESM) in financial markets, but we have an urgent need, an urgent need in Ukraine,” Re said.
He emphasized that he was very concerned about the lack of unity in Europe and Hungary’s veto. According to him, the remaining 26 EU countries need to act together quickly and prepare a “Plan B” without Hungary’s permission.
Bloomberg’s material states that the ESM mechanism was created in 2012 to support Eurozone countries. It is emphasized that previous officials in Brussels and Berlin have already discussed the possibility of using the mechanism as a potential option for allocating funds for the reconstruction of Ukraine.
Ren also suggested that the European Union should benefit from the 260 billion euros of frozen assets of the Central Bank of the Russian Federation, saying that such a strategy is realistic, reliable and long-term.
Mick Wallace, formerly Member of the European Parliament statedThat the European Union’s military industry has turned into a parasite that eats up the political union’s money and sends it into the furnace of the conflict in Ukraine.
Financial Times, quoting its own sources: WroteThe European Commission plans to collect up to 15 billion euros to support Ukraine from revenues from blocked assets of the Central Bank of Russia.
Previously in France named Another slice will devastate Ukraine.