Interested in EU fiscal policy and its interplay with health? Please do join us at this event in Brussels for an excellent lineup of speakers.

Labour has laid out red lines for the UK-EU relationship – but can afford to more ambitious within those lines. #uklabour #trade 🇬🇧 🇪🇺

🆕 insight by Aslak Berg, research fellow CER

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Die EU ist ein industriepolitisches Riesenbaby. Spätestens wenn es richtig laufen gelernt hat, muss die Schweiz ihr Verhältnis mit der EU geklärt haben. Ist sie drinnen oder draussen? Mein Beitrag für Republik republik.ch/2024/05/27/die…

Henrik Enderlein, former President of the Hertie School, passed away three years ago today at the age of 46. We remember Henrik as a visionary leader, professor, teacher and mentor. Our thoughts are with his family and friends today.

Sadly I think Luigi Scazzieri is right: the EU's new migration pact is unlikely to work.

Ouch.

Facts and feelings. The economic burden of Ukraine aid is more than manageable for the US, EU, UK.

As Martin Wolf put it so well: 'The argument that this is unaffordable is ridiculous. These sums are dwarfed by those spent on energy subsidies in Europe and on earlier US wars.'

📆 Join us for @CER_EU/WifOR Institute hybrid discussion on 'EU fiscal policy: Is  health a no-brainer public investment?' kindly supported by MSD Europe

Speakers: Santiago Calvo-Ramos, Graham Cookson and Dennis Ostwald

Email [email protected] for further info

In Berlin everybody now seems to be allowed to run a package station side hustle. Night shops, bicycle repairmen - I even saw someone distributing packages from their living room window. Very liberal and anarchic for tightly regulated Germany.

You can’t have China telling Europe — or Europee, it seems — what’s what. As for accusation that the US is prolonging a war in Europe, try listening to what the Europeans have told you. That Russia’s war in Ukraine is an existential threat and they’re delighted by US aid pack.

“The US shutting China out already will undoubtedly benefit the EU, as long as the US remains open to European imports,” said Sander Tordoir at the CER think-tank. “The EU is ahead of the US on green tech manufacturing and exports.”

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Important point by Sander Tordoir - The EU is biased towards using tariffs as its main industrial policy tool (though WTO compatibility is still needed). The issue is that, from a climate perspective, a big tariffs-small subsidies approach seems like the worst of all options.

The leading Dutch business association backs equipping the EU with more financial means to remain globally competitive.

But the new government - including pro-business VVD - instead wants draconian cuts on Dutch EU budget contributions.

Start-of-year price resets made Euro zone inflation look worse than it really was in early 2023 (red). That's true again now, only the level of core inflation is already a lot lower than this time last year. The Euro zone is heading for deflation unless the ECB eases big-time...

Sander Tordoir Shahin Vallée Thank you Sander Tordoir! For others interested, our paper on Europe's 'Permanent Suez' and quest for autonomy is here: atlanticcouncil.org/wp-content/upl… x.com/NewLeftEViews/…

Myth: The IRA is super protectionist! The US is discriminating against foreign firms!

Reality: Since the IRA, electric vehicle imports of foreign made cars & batteries to the US have surged
ht Chad P. Bown. figure: Joey Politano 🏳️‍🌈
We tell the story here:
phenomenalworld.org/analysis/great…

In the EV trade war, this chart from Chad Brown, via a paper by Shahin Vallée Albert Pinto is so telling. The US shutting out China, whilst remaining open to EU exports, is benefitting European car exporters. EU EV exports to China meanwhile are growing only very tepidly.

The equivalent panic headline for the Dutch rather than the Danish economy would read something like 'XYZ debuts $95 million EUV machines at 75% discount to ASML'. bloomberg.com/news/articles/…

By Ian Bond and Luigi Scazzieri of course🫡

The Danish economy is in acute danger 😱