This is also the final oeuvre by the outgoing European Council president. To put it mildly, let's hope that António Costa is about to do a better job. Otherwise this whole construction could deserve a serious overhaul at some point soon.

Stian Westlake The academic economics community is radically indifferent to policy and real world questions. Likewise academic institutions seem radically indifferent. We have never been able to find support for impactful policy work. We get it from abroad.

That’s great. Now do eurobonds.

Great start of our joint discussion series “Ideas of Energy” tonight in cooperation with FU Berlin & Dezernat Zukunft @dezernatzukunft.bsky.social with a talk by Andrea Binder on tension between energy and (post)carbon democracy in🇩🇪 Max Krahé Join for the next event in our series gppi.net/2024/10/11/eve…

Every time Adam Tooze types "follow for more insight", I sigh as though an enormous burden had suddenly befallen me

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It’s important to tie the 2010s crisis to the current one - in ravaging the eurozone periphery, Germany was not just destroying other economies but also critically weakening its own, delaying an internal reckoning with the obvious limits of its export model

Danish Prime Minister Mette Frederiksen is ready for Denmark to support both common debt and more state aid to increase investment in European defence and to increase European competitiveness, she said in an interview with the Danish news agency 1/ dr.dk/nyheder/politi…

Martin Wolf as always formidable. He methodically dissects the drivers of once high and now low growth rates in Europe. What opportunities beckon? “For the EU, the opportunity is to implement the Draghi report in full.” For the UK…. 1/2

=> The country with THE safe EUR asset has managed to create massive fiscal uncertainty through its negligent and ideological dealing w fiscal rules. Time to get serious about fiscal policy. /e

Trotzdem finde ich es richtig, jetzt über eine Reform der Schuldenbremse oder Sondervermögen zu sprechen. Aber dabei ist klar: nur für Verteidigung geht nicht. Wir müssen mehr in unsere Sicherheit investieren. Doch dasselbe gilt für Klimaschutz und Infrastruktur. Wenn wir an die

Paper submissions for the #EAEPE conference in Athens remain possible until Saturday this week. If you're interested in joining our special session on the political economy of the Eurocrisis, please upload an abstract! Details below 👇

Dass wir einen Wahlkampf erlebt haben, in dem man einfach so tun konnte, als hätte der Staat kein Finanzierungsproblem und anderthalb Wochen später werden Sondervermögen von rund einer BILLION diskutiert, ist übrigens auch ein brutales Versagen des politischen Journalismus.

In a sense, the entire history of Finance Twitter could be described as 15 years of waiting for the big German fiscal bazooka.

GS upgrades Germany and Eurozone GDP growth after spending announcements. Germany GDP 2025: +0.2% to 0.2% 2026: +0.5% to 1.5% 2027: +0.6% to 2.0% Eurozone GDP 2025: +0.1% to 0.8% 2026: +0.2% to 1.3% 2027: +0.3% to 1.6%

Die Euro-Aufwertung (aber auch Aktienmarktreaktion und Zinskurve) nach der Einigung von Dienstag sprechen für höhere Wachstumserwartungen als Faktoren hinter dem Zinsanstieg auf Bunds. In jedem Fall muss man genauer hingucken. Martin Greive Danke Farzad Saidi 👇🏻👇🏻

On curbing the French deficit, Macron has been like God - busy elsewhere. Also liked Davide Oneglia framing that the bond market reflects France losing its exorbitant privilege in the EU.

Link here tinyurl.com/w2e8c5mr

remarkable how everyone forgets central banks turned to QE for structural reasons - the rise of shadow banking and the systemic role of Treasuries collateral ft.com/content/055fc5… via @ft

Sehr hörenswerte Folge, vorallem wegen der Aufarbeitung der ideengeschichtlichen Bildung der Grünen ab 25:45 von Robert Pausch. Die Technokratie hat die Ideen abgelöst. Dieser Wandel prägt Politikerbiografien aller Parteien und lässt sich auch an den Curricula der Unis ablesen.