EU's €90B Loan for Ukraine - Now They Want €70B MORE!
The speaker criticizes the European Union's €90 billion loan to Ukraine, claiming it was insufficient despite being marketed as a two-year solution. The speaker predicted Ukraine would request additional funding by midsummer, and reports now indicate Ukraine is demanding an additional €70 billion (or possibly dollars) at an upcoming meeting in Ankara.
Summary
The speaker discusses the European Union's recent €90 billion loan package to Ukraine, which was publicly presented as comprehensive financial assistance to cover Ukraine's expenses and costs for a two-year period. However, the speaker expresses skepticism about the sufficiency of this funding from the outset. The speaker explicitly states they did not believe the €90 billion would adequately cover Ukraine's needs for the full two-year timeframe as claimed. Based on this assessment, the speaker made a prediction that by midsummer, Ukraine would return requesting additional financial assistance. According to the speaker, this prediction has proven accurate, as Ukraine is now preparing to present demands for additional funding. The speaker references reports indicating that Ukraine will be presenting requests for €70 billion or possibly $70 billion in additional aid at an upcoming meeting in Ankara. This development is framed as confirmation of the speaker's earlier skepticism regarding the adequacy of the initial €90 billion loan package.
Key Insights
- The speaker predicted that Ukraine would return requesting additional funding by midsummer, despite the €90 billion loan being marketed as a two-year solution
- The speaker expresses fundamental skepticism about whether the €90 billion EU loan would actually cover Ukraine's full stated expenses for two years
- Ukraine is reportedly preparing to request an additional €70 billion or possibly dollars in funding at an upcoming meeting in Ankara
- The speaker's midsummer prediction about additional Ukrainian funding requests has materialized as reported fact
- There is ambiguity in reporting whether the additional requested amount is €70 billion euros or $70 billion dollars
Topics
Transcript
[0:00] Recently, just a few months ago, when the European Union announced its 90 billion euro loan, which would provide financial assistance to Ukraine, that was supposed to cover Ukraine's expenses and costs for two years. I said that I never believed that would happen. I said at the time that by midsummer the [0:31] Ukrainians would be coming back for more and that is exactly what is taking place. And according to some reports that I've seen, the demands that the Ukrainians are making and which they will be presenting in Anchora are for 70 billion euros or maybe even dollars More.
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