Comment by HDThoreaun
10 hours ago
Sure, they could, but they won’t because the banks business would be fucked and most governments aren’t trying to destroy their domestic businesses.
10 hours ago
Sure, they could, but they won’t because the banks business would be fucked and most governments aren’t trying to destroy their domestic businesses.
They might, but if they did they would presumably be prepared to retaliate against US seizures with their own. The only reason the US is able to credibly threaten to seize EU bank assets is because the EU governments are implicitly on board with the entire arrangement. As soon as it's no longer viewed as mutually beneficial it will crumble overnight.