Europe Today 90 billion loan for Ukraine and EU-Mercosur trade deal on hold
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Dec 19, 2025 Maria Tadeo, an EU news editor with a sharp grasp of EU dynamics, discusses the crucial 90 billion euro funding for Ukraine and the political stakes involved. Shona Murray, an experienced Euronews correspondent, covers the last-minute postponement of the Mercosur deal, stressing Italy's concerns and the long-term implications for EU trade credibility. Sasha Vakulina offers insights into President Zelensky's reactions and the vital security discussions shaping Ukraine's future amidst the ongoing conflict.
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Joint Debt Replaces Reparations Loan
- EU leaders agreed a €90 billion interest-free loan for Ukraine raised via joint market debt, not Russian funds.
- Some members (Hungary, Czechia, Slovakia) opt out under enhanced cooperation, altering participation and optics.
Political Costs For Reparations Backers
- The reparations idea largely collapsed, leaving political costs for proponents like Germany's leader.
- Maria Tadeo highlighted weakened optics for the German chancellor after the summit's outcomes.
Loans Aren't Enough For Ukraine
- IMF cautions loans won't solve Ukraine's debt sustainability; grants are needed for recovery.
- Maria Tadeo stressed Ukraine is unlikely to fully repay the loan without Russian reparations.