EU President Eyes Securitizing Bank Deposits as Iran/Russia Promote Sanction-Proof Development Bank
Today's Digest covers EU deposit plans, SCO geopolitics, US defense resignations, AI data centers, mail-in voting, YouTube probe, financial AI risks, Epstein files, Missouri age verification, and oil refinery projects.
Source: Peak Prosperity
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DW NOTE
Von der Leyen floats a €470 billion scheme to redirect household deposits into European corporate funding — she calls it voluntary, critics call it a capital structure redesign ahead of a crunch. Meanwhile Putin pitches a parallel development bank for SCO states to settle trade outside dollar rails. One bloc wants savers to finance its firms, the other wants central banks to bypass its sanctions. Both are responses to the same problem: the cost of enforcing or evading the existing system just went vertical.