As a Belgian, let me put this in blunt, grown-up language: we’ve already paid for this damn war three times over, and now people who carry exactly zero financial risk want Belgium to light its own banking system on fire to pay for it a fourth time.
Europe has financed Ukraine’s defense, Ukraine’s government, and Ukraine’s reconstruction fund. We’ve paid through direct aid, indirect aid, military training, F-16 support, humanitarian programs, energy subsidies, and the taxed interest on frozen assets. Belgium alone has poured billions into this war effort. So don’t you dare pretend we’re “hesitating” or “doing nothing” because we refuse to take on a legal and financial liability that no one else is willing to touch.
Those frozen Russian assets aren’t sitting in some theoretical EU piggy bank. They sit in Belgium, under Belgian law, inside a Belgian institution. And if a court decides the confiscation crossed a legal line, Belgium gets the bill immediately, brutally, and without appeal. And once the markets realize Belgium is holding a €193 billion legal grenade with the pin half-pulled, they will do what markets always do: they will punish the weakest link. Yields will spike, spreads will blow out, banks will scramble for collateral, and mortgages across Europe will jump by hundreds of euros a month permanently. That’s not fear-mongering. That’s how bond markets treat countries that suddenly inherit massive, unhedged geopolitical risk.
So yes, I stand with our Prime Minister.
Not because it’s fashionable, not because it’s nationalist, but because it’s the only position grounded in economic reality instead of social-media cosplay. Belgium refuses to gamble the financial stability of 450 million Europeans just so a handful of moral exhibitionists online can feel brave with other people’s money.
You want to use those assets without guarantees? Fine.
Put your own pension funds on the table.
Put your own banks on the line.
Put your own taxpayers in the blast radius.
Until then, don’t lecture Belgium.
We’ve already paid for this war three times.
We’re not paying a fourth because someone on the internet thinks courage is measured in how fast you can spend money that isn’t yours.