A few quick thoughts about this morning's decision. Don't believe the spin from various Russians & others: it's a big deal. The EU has now unambiguously demonstrated that it is able and willing to provide the external financial support Ukraine needs, for as long and as much as it takes. (1/N)

Reflections on the European Council decision to borrow €90 billion and lend it to Ukraine. Tl; dr: Ukraine benefits, but not enough; Putin & Trump will be encouraged; the EU & individual member-states have shown that it’s still too easy to intimidate them. 🧵1/13