Thanks for inviting me. It was a very enjoyable afternoon, with lots of interesting discussions.

Said my an immigrant himself. What am I missing here?

Important! As I argued in my most recent Sunday note, with Labour seemingly without vision for what country they want, Conservatives self-imploded, the Greens or LibDem MUST step up if the catastrophe of Farage’s Reform party is to be avoided. open.substack.com/pub/independen…

A rather Euro-centric view

Looking forward to it. I hope you’ll join the debate.

Europe is getting its act together in defence (financial help to Ukraine is first step), but the European Commission President has lost her way when it comes to the economic reform agenda to open.substack.com/pub/independen…

Superb from Erik Fossing Nielsen 🇪🇺 🇺🇦 (as usual) on Europe itself getting ready for military-economic shakeup but Commission leadership is not. ⬇️ As Luis Garicano 🇪🇺🇺🇦 has been pressing, EU governance is a (the) big issue.

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This is our flag. It stands for unity, freedom, peace, democracy, diversity, science, culture and rule of law. We can be even stronger if we foster integration, innovation and sovereignty. Let’s go, Europe!

I have long thought the EU simplification fervour was a side show. Happy to see Jeromin Zettelmeyer and Erik Nielsen forcefully agree. Where’s the overwhelming evidence that EU red tape is the key barrier to economic growth in the EU or Germany? 1/

"Free speech absolutists" at #57 Maybe stop the TED Talk and start fixing your own backyard.

Agreed

Still optimistic on the US, US treasuries and the dollar? (From Ken Rogoff’s Our dollar your problem)

Goldman and FX forecast …. I have a lot of thoughts on that.

I wonder what specifically you think made London great back then (and when was it?) I came here with my family 30 years ago - immigrants (from US; with various nationalities, in my case Danish). We think it’s still a great city - but I apologise if we destroyed your city for you

2025: 10 lessons and one central prediction for 2026: open.substack.com/pub/independen…

German Chancellor Friedrich Merz on the end of the Pax Americana, yesterday in Munich, Germany. “Dear friends, the decades of the Pax Americana are largely over for us in Europe, and for us in Germany, as well. It no longer exists as we know it. And nostalgia won’t change that.

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Just the latest example of our collective weakness of embracing whoever opposes our foes - regardless of what else they believe in. Real life doesn’t play in black-and-white…

From the president…. Speechless.