The Econoclasts Trump’s Ukraine peace plan & the truth about the crypto crash
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Nov 26, 2025 Yanis Varoufakis and Wolfgang Munchau dive into Europe's questionable strategy in the Ukraine war, suggesting leaders may prefer prolonging the conflict to justify rearmament. They dissect the ethical chaos and critique Europe's lack of coherent options. Transitioning to cryptocurrency, they argue major players have co-opted the market, leading to a troubling alliance threatening financial freedom. With stablecoins reinforcing dollar dominance and risking systemic collapse, there’s a urgent call for Europe to act on its digital currency future.
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Europe Prefers Prolonged War Over Peace
- Europe is intentionally prolonging the Ukraine war to buy time for rearmament rather than seeking peace.
- This strategy risks becoming a strategic catastrophe and betraying Ukraine's interests.
No Troops, No Peace, No Credibility
- If Western leaders view Putin as an existential threat they must commit troops to stop him.
- Failing to fight or seek peace makes Europe effectively an enemy of Ukraine while claiming solidarity.
Fund Defense Properly Or Stop Pretending
- Europeans must decide to fund Ukraine properly or stop pretending they can get others to do the fighting.
- Commit clear annual defense spending (roughly €150bn for Europe) funded by taxation or cuts, not endless debt.