2 chapters across the catalog
Ursula von der Leyen announced that the EU is mobilizing up to 800 billion euros for defense and a 90 billion euro loan for Ukraine. The hosts criticize the lack of a central EU tax to support such spending and note reports that Russia may be considering returning to U.S. dollar trade for oil and gas. They suggest a "stablecoin" solution may be emerging behind the scenes.
As the U.S. prepares to potentially exit the Iran nuclear deal, reports indicate that France is facilitating oil trades with Iran using "euro credits" to bypass dollar-based financial networks. This maneuver allows Iran to maintain some economic activity despite being shut off from the SWIFT system. The hosts question the relationship between President Macron and the U.S. given these conflicting financial interests.
