Most in America don't know this but the US has financially bailed Europe out through central bank dollar swap lines a few times. It allows European banks access to dollars when they're stressed of liquidity. It's one of the big benefits of being in the US alliance system.

Where you pledge govt debt and get dollars on a temporary basis. It allows the smooth functioning of the financial system when issues arise.

As Europe has stagnated economically, it's leaders instead of acting as fiduciaries of their nations and stewards of their culture. They decided to make short term decisions and instead loaded their nations with unsustainable debt levels. This is sustained by access to deep and liquid capital markets.

Have European leadership considered what happens when access to this dollar system is removed and you have to access dollars like every other non-ally of the US? What will happen in terms of capital flight, and interest rates rising in Europe.

This is just America cutting you off from privileges that come from being within the American sphere.

What happens when the US treasury gazes it's eye on Spanish govt debt. Did you forget what happened in 2012? Well things are much worse now, and daddy dollars will not be there to bail you out as what happened then, which nobody knows about. But everyone who needs to know, knows.

This is going to get very ugly, I implore Europe to change course, you do not want the smoke from the box you are opening.