FT News Briefing Europe takes the lead on Ukraine peace deal
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Mar 3, 2025 Cryptocurrencies spiked after a surprising announcement from Donald Trump regarding U.S. strategic reserves. European leaders gathered in London to bolster support for Ukraine, aiming for a new peace deal. Deutsche Bank faced off against the European Central Bank over concerns of bad loan losses. Meanwhile, high interest rates are causing American homeowners to delay renovations, highlighting broader challenges in the housing market influenced by immigration policies.
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Europe Takes the Lead
- A summit in London addressed the widening gap between the US and Europe regarding Ukraine support.
- European leaders discussed future peace plans, acknowledging the need for US involvement.
Europe's Defense Burden
- Europeans are realizing they may be on their own in supporting Ukraine, necessitating increased defense spending.
- This realization follows perceived ruptures in US foreign policy under the Trump administration.
America's Role in European Security
- Trump's stance signals a potential shift in the post-World War II security structure.
- Europe may struggle to contain Russian aggression without American support, especially concerning intelligence, air defense, and nuclear deterrence.