Good piece from Daniel Gros. Europe Should Brace for Surprises. A New Debt Crisis Probably Isn’t One of Them. barrons.com/articles/europ… via Barron's

.Martin Wolf doesn’t mince words. On Truss and Kwarteng: “These people are mad, bad and dangerous. They have to go.” Financial Times ft.com/content/510948…

Here they are. The IMF latest forecasts. As they say, enjoy… imf.org/-/media/Images…

IMF’s Economic Counsellor Pierre-Olivier Gourinchas: The price shock is not transitory. There are risks in both over tightening and under tightening of monetary policy. The strength of the $ is also a major challenge. One response: increase access to precautionary funding from the IMF.

Guess it’s “Grazie, Liz.” The Lex Column says Giorgia Meloni has learned from Liz Truss’s fiscal disaster. Also, how the “ottobrata” (warm October weather) is lending a helping hand. ft.com/content/57905d…

“Without a debt brake the dam would break” - Christian Lindner Germany rejects push for fresh EU borrowing to battle energy crisis ft.com/content/86b27d… Guy Chazan Sam Fleming (FT)

One to agree with Martin Sandbu on: “Monetary independence is overrated, and the euro is riding high.” ft.com/content/0ab15f…

Presenterò un disegno di legge affinché nei programmi elettorali sia indicato il costo delle misure promesse dai partiti e relative coperture (compreso eventuale deficit). Forse non andrà lontano ma migliorerebbe la trasparenza della politica. Se concordate ritweettate per favore

The view from Elliott Capital et al. “The root causes of sovereign debt defaults: corruption, weak governance & domestic institutions, refusal to forego borrowings in foreign currencies.” Then why lend to them in the first place? ft.com/content/bffd0b…

Clinging at straws. ⁦Paolo Gentiloni⁩: “For me, this is good news & I will work to give the news positive development.” The good news? Germany’s commitment to discuss proposed new EU fiscal rules constructively despite clear differences of opinion. bloomberg.com/news/articles/…

And “Thoughts and Prayers” are also off the chart.

.FT Alphaville on day after the drop-dead debt ceiling date: “There is unlikely to be a big bang either in markets or the economy. But if a financial crash doesn’t happen it might make matters worse by emboldening the holdouts in Congress.” Bold they are. ft.com/content/f5da8b…

Love it: “Stan the Man.” Nice piece by Robin Wigglesworth.

Hard-hitting lisboncouncil critique of Thierry Breton’s “retro vision, taking Europe back to the future” in telco regulation, seen as “seeking answers in Europe’s murky, un-liberalised telco past.” By @kkomaitis and Paul Hofheinz. lisboncouncil.net/wp-content/upl…

Meet the Class of 2022 Inductees for the Susan M. Daniels Disability Mentoring Hall of Fame! This year, we’re specifically recognizing mentors & organizations that support mentees' mental health and wellness.

“The strategies that ensured Europe’s prosperity and security in the past—reliance on America for security, on China for exports and on Russia for energy—have become insufficient, uncertain or unacceptable.” (Mario Draghi) economist.com/by-invitation/…

Grim (but sadly realistic) piece by Mark Sobel on the “somber affair” of the Marrakech IMF-WB meetings. One big cloud is “America’s disgraceful political dysfunction” - a significant (though certainly not the only) obstacle to needed reforms. OMFIF omfif.org/2023/10/marrak…

My wife figured it out: #COP stands for Climate: Optional Participation COP28 UAE #COP28 #climate #energy #renewables

#MEF annuncia nuovo sito. Dice che è “working progress”. Forse intende “work in progress”? Ma che lo dica in italiano… mef.gov.it/ufficio-stampa…

IMF MD says #Trump tariffs “clearly represent a significant risk to the global outlook at a time of sluggish growth.” Restrained wording, set to harden when members gather for upcoming spring meetings. Keep a lookout for the #WEO. imf.org/en/News/Articl…