Fou@EUCommission How much longer will it take for sanctions to be imposed on Israel and the U.S.?
Veza85UE@foufoutos @EUCommission Name one that would work on the US.
What ways? Does the US government hold its money in euros with Euroclear?
@Veza85UE
Trading agreement, gold reserves that are stored in us, lng and american fossils, stop supporting petrodollar etc and above all to stop obeying every American order and demand, to stop acting as vassals of the United States
@EUCommission
Trading agreement, gold reserves that are stored in us, lng and american fossils, stop supporting petrodollar etc and above all to stop obeying every American order and demand, to stop acting as vassals of the United States
@EUCommission
@foufoutos Sure, I'm all about that. How though? In practice, how do any of those things work? What do factories and heating systems start burning instead of the LNG imports tomorrow, not in a sunny future? And those are not sanctions, those are just broken contracts for a resource we can't replace overnight. How do actual sanctions get enforced against the country that can paralyze every economy by switching off Visa and locking governments and @EUCommission out of their Microsoft accounts?
@Veza85UE The EU has never used the ACI before, so we don’t know how “effective” it is in practice.
But how can there be sanctions when they don’t even have the guts to issue a statement condemning the U.S. for the war in Iran, but instead issue statements condemning Iran?
How can there be sanctions when @vonderleyen says that we share common values with Israel?
@foufoutos @vonderleyen @EUCommission The ACI? What does the ACI do when your entire economy collapses because nobody can make any payments and your IT systems are locked?
Statements are vibes. Sanction enforcement only works when you have the actual means to enforce them. Still waiting for someone to explain how you effectively sanction someone who shuts down your bank account and your access to state IT systems.
Statements are vibes. Sanction enforcement only works when you have the actual means to enforce them. Still waiting for someone to explain how you effectively sanction someone who shuts down your bank account and your access to state IT systems.
tugaHow 'bout...
Incentivize trade boycotts.
Suspend patents, royalties, copyright.
Kindly ask non-residents to leave and severely restrict travel (I don't want measels thank you and I'd be suspicious about anyone with a military background – deny visas).
Nationalize assets.
Freeze bank accounts.
Change to EU-based suppliers (should've been done years ago, especially for big tech, cloud and finance).
Avoid trading in USD.
Sell all stock.
Sell all foreign debt.
@tuga @foufoutos @EUCommission How do any of those work? I said: "name one that would work." Except for Buy European, which I wholeheartedly support, but even there... what European payment solution do you replace your blocked Visa access with? What LNG do factories and heating systems burn *tomorrow*, not in a sunny future? OP asked for sanctions. Sanctions are supposed to be a more or less INSTANT response to a current situation. So what do you replace Visa and Mastercard and the gas with NOW?
@tuga @foufoutos @EUCommission Avoid trading in USD? Sure. What do you trade in? By foreign debt, I assume you mean US Treasury? Why would any EUropean dump their Japanese or Brazilian debt? And if you do mean US Treasury bonds... who do they sell it to and what do they replace it with?
Also, trading bonds is kind of hard without access to your bank accounts and (probably) without your Bloomberg Terminal.
