Amidst the ongoing debate over the future of Ukraine and whether the United States will force peace terms on the war-weary nation, Europe’s leaders are deeply considering ratcheting up the stakes in their ongoing battle with Washington.
According to reports from the Wall Street Journal, European governments are considering a drastic step, dumping huge quantities of U.S. Treasury bonds and bills onto the open market to destabilise the U.S. economy if Washington abandons its commitment to Ukraine.
Total European holdings of U.S. government debt across all holders exceed $2 trillion, with over half a trillion held by the Bank of England, the Banque de France, and the Bundesbank.
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