Fou@EUCommission How much longer will it take for sanctions to be imposed on Israel and the U.S.?
Veza85UE@foufoutos @EUCommission How do you impose those sanctions? You and whose army/payment systems/financial instruments?
@foufoutos @EUCommission Name one that would work on the US.
What ways? Does the US government hold its money in euros with Euroclear?
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.
