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The Toxic Finance Behind Europe’s Plans for Ukraine

EU foreign policy chief Kaja Kallas has revived plans to draw on frozen Russian assets to make loans to Ukraine. Yanis Varoufakis writes for Jacobin that the idea is unworkable and incompatible with efforts to move toward a ceasefire. During the euro crisis, the EU repeatedly announced bailout loan.

During the euro crisis, the EU repeatedly announced bailout loan.

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