The Animal and the Machine on Nostr: That’s an interesting thought. I’ll have to mull it over. My main issue with it ...
That’s an interesting thought. I’ll have to mull it over. My main issue with it is that the interest isn’t going to Ukraine.
The choice currently is Ukraine isn’t getting the notional but the interest or the interest and not the notional. They are allowed only one. The debt option frees the cash to be spent but not the interest. That said, technically, Ukraine could invest it for interest but are better off spending it… so you are probably right.
$50bn of infrastructure destruction by Russia leaves ongoing costs as #Ukraine has to buy in power. 🇺🇦
The choice currently is Ukraine isn’t getting the notional but the interest or the interest and not the notional. They are allowed only one. The debt option frees the cash to be spent but not the interest. That said, technically, Ukraine could invest it for interest but are better off spending it… so you are probably right.
$50bn of infrastructure destruction by Russia leaves ongoing costs as #Ukraine has to buy in power. 🇺🇦