French authorities have modified their military assistance protocols with Ukraine, authorizing Ukraine to use Its missiles to strike Russian territory. This is marking a significant shift in European defense policy meanwhile Italy and Germany areopposing the escalation.
Meanwhile, bond markets are showing increased pressure on the long end, reflecting growing concerns about European sovereign debt sustainability. Tat points to potential discussions about new European war bonds as a mechanism to address mounting financial pressures and intoiduce Eurobonds.
The Europans clearly are aiming at potential russian reparations to avoid a sovereign debt crisis that would blow the euro system apart.