Posted on 12/18/2025 8:20:19 AM PST by SaxxonWoods
"Hungarian Prime Minister Viktor Orban declared “dead” the proposals to seize the $247 billion in frozen Russian assets within the European Union and use them to finance a reparations loan for Ukraine.
Orban, a right-wing nationalist who has warm relations with Russia, and is also one of U.S. President Donald Trump’s closest political allies in Europe, made the remark to reporters on Thursday morning as he entered a European Council meeting for crunch talks on the assets issue."
(Excerpt) Read more at msn.com ...
But… but…. but… the EU NEEDS that source of OTHER-PEOPLE’S-MONEY.
The E.U. is a strange confederation that usually, but not always, requires unanimity of its members before taking action. Hungary may not be able to stop this if the other E.U. states agree. Belgium is the state with the most at risk by seizing Russian assets. If Belgium seizes Russia’s bank account, Hungary will have no veto over that decision.
The situation is not final. Italy is merely adopting a stance before entering a negotiations.
Hungary, which heavily relies on Russian gas supplies, wants Europe to reset and restore relations with Moscow. We long for the days gone by when the USSR was our close ally.”
I'll take them seriously and not as propagandists when they insert a snide qualification like "[insert European leader name here], a left-wing globalist..." for the likes of Starmer or Macron or .... almost any of them, really.
“But… but…. but… the EU NEEDS that source of OTHER-PEOPLE’S-MONEY.”
The EU “supports” things by agreeing someone else will pay for it.
At least the EU understands when money is wasted.
“ right wing nationalist”…. Okay. I quit reading right there, it’s propaganda and not fact based information.
” If Belgium seizes Russia’s bank account, Hungary will have no veto over that decision.”
True.
But no way Belgium takes that step without EU cover. Belgium rightly expects the entire EU to backstop the losses and risk.
This isn’t free money, whoever uses frozen assets is responsible for repaying it. Nobody is going to take the responsibility for that because there is no reward. If the EU or NATO is going to fund the war they need to step up to the window. They won’t and that’s why they are trying to find “fee” money. Everyone understands when you give Ukraine money, a lot it gets diverted and never gets to the battlefield.
“trying to find FREE money” above...
“Belgium rightly expects the entire EU to backstop the losses and risk.”
LOL. Good luck with that.
In fact, it's a fake democracy. All decisions are imposed top-down by the unelected EU commission bureaucrats in Strasbourg and Brussels, as represented by their unelected EU Commission President, Ursula van der Leyen. The Commission takes an oath of loyalty to the European Union Government, specially declaring they are above the interests of member governments.
That’s the point.
Given how bad things are going on the front, no one is going to put anything on the line now. 50,000 Ukrainian troops trapped in multiple areas. 20,000 recently killed in Karkov and Donetsk.
The various Russian blogs are delving into this matter. Things like:
1) Why did Russia have this money on deposit elsewhere? Answer: because this is a standard belief that contracts would be adhered to by parties not involved in the conflict.
2) What vehicles for retaliation are possible? Answer: Many of these paths of retaliation already took place. Western companies that sold their positions in Russia, like McDs or Exxon, did so at fractional pennies on the dollar. It is not clear if those companies rec’d recompense from government sources. This is particularly huge in Sakhalin’s gas fields, from which Royal Dutch Shell, BP and Exxon were receiving huge dividends — divested those positions for nearly $0, and now no longer receive those production dividends.
3) How serious is this? Answer: it’s $200B, out of Russia’s PPP GDP of $7T. So, not very.
4) How much money does China and India and the rest of BRICS have stored at Euroclear? Answer: in total, trillions. Will it be withdrawn. Yes. Slowly, and quietly.
There are plans afoot to lower that threshold. EU autocrats don't like being stymied by elected officials.
Or what happens when your "leaders" are modernist girly men and silly, delusional hoes.
Who is going to trust the West if we can just snatch their assets whenever we want to make a point.
If the Russian assets are never returned, the dollar will suffer.
I submitted your assertions to AI and got the following response:
Is the following statement true: In fact, it’s a fake democracy. All decisions are imposed top-down by the unelected EU commission bureaucrats in Strasbourg and Brussels, as represented by their unelected EU Commission President, Ursula van der Leyen. The Commission takes an oath of loyalty to the European Union Government, specially declaring they are above the interests of member governments.
The statement you’ve shared contains a mix of factual observations about the EU’s structure and several significant inaccuracies or misconceptions regarding how the institution actually functions.
To help clarify, here is a breakdown of how the European Union is governed and where that statement deviates from reality.
1. The Role of the EU Commission
The claim that decisions are purely “top-down” by “unelected bureaucrats” oversimplifies a complex legislative process:
The “Unelected” Label: While it is true that EU citizens do not vote directly for the Commission President, the process is indirectly democratic. The President (currently Ursula von der Leyen) is proposed by the European Council (heads of state of the 27 member nations) and must then be elected by a majority of the European Parliament, which is directly elected by the people.
Legislative Power: While the Commission has the “sole right of initiative” (proposing laws), it cannot pass laws on its own. Every law must be debated, amended, and approved by both the European Parliament and the Council of the European Union (ministers from member governments).
2. The Commission’s Oath
The statement regarding the oath is partially true in spirit but misleading in its framing:
The Reality: Members of the Commission take an oath to be independent. They swear not to seek or take instructions from any individual national government.
The Intent: This is designed to ensure they act in the interest of the EU as a whole (the “common interest”) rather than acting as lobbyists for their home countries. It is not an oath of “loyalty to a government” in a’ dictatorial sense, but a commitment to impartial European civil service.
3. Democracy and Representation
The “fake democracy” label is a common political criticism, but the EU operates under a Representative Democracy model:
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.