Last night's failure to agree on giving Russia's frozen assets to Ukraine was a bad look for the EU. But the Plan B that they came up with, #EurobondsForUkraine, could actually be better because:

1. Money arrives faster
2. It's legally unquestionable
3. It can be done again

Behind the disappointing optics, the EU actually had a major breakthrough last night.

As I discussed with @ljohnson.bsky.social in our Substack Live this afternoon, the #EurobondsForUkraine plan agreed at 3am is a sea change in European unity.

Full video: davekeating.substack.com/p/breaking-d...

An easy-to-win and worth-winning battle that will unite europe further if we borrow together once again (just like sharing mortage shows higher committment than marriage xD)

I really do not like war, but I like bullies even less. Thanks to the orange man for the wake-up call.
#euroBondsForUkraine