The 18th of December may be a momentous date for Europe if the Union decides to confiscate the money owned by Russia and frozen on its account at Euroclear.
Russia has probably already written of the 180 billion dollars on the account, so the risk is entirely on the custodian side as Euroclear, if it accepts the European dictat, would completely destroy its credibility and may quickly see a huge segment of the transactions cleared on the exchange move away to more reliable climes.
This could mark the beginning of the downfall for Europe. The European leaders are both imbeciles and desperate, so let's hope powerful people behind the curtain understand what is at stake and can stop the madness. Such a move would be a short reprieve for Ukraine although it would not weaken Russia nor change the outcome of the war. What it would do is accelerate the downfall of Europe and finally oblige the continent to face the prospect of bankruptcy and financial reconstruction.
You can listen to Pr Sachs on YouTube below:
https://www.youtube.com/watch?v=Gs8LfVWVsxU
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