Europe Is About To Commit Financial Self-Immolation & Its Leaders Know It

Gerry Nolan argues that the proposed seizure of Russian sovereign assets will not change the course of the war in Ukraine and will instead accelerate reserve diversification away from the euro. He says Italy and Belgium opposed the move because of financial risk, while Paris and London hold large exposures of their own, with France's institutions estimated at €15–20 billion and UK-linked banks and custodial structures at roughly £20–25 billion. The article is an opinion piece from The Ron Paul Institute, and its claims about European motives and Western power are the author's own assertions rather than sourced findings.