Luis Garicano 🇪🇺🇺🇦 @lugaricano@respublicae.eu
Unofficial automated mirror. No copyright asserted. ∎ Economist. Back at LSE as a Professor at @LSEPublicPolicy Summer 2023. Non-resident Fellow @bruegel_org. Recovering MEP. Currently @ChicagoBooth.
Joined Apr 2022
Good panel at #CEPRParisSymposium with Draghi adviser Francesco Giavazzi, Governor Villeroy de Galhau, @agnesbq1, @pisaniferry. There is a discontinuous change in the environment with the war and Europe faces increasing economic risks. EU needs new ways to make decisions.
RT @upanizza: Panel with Francesco Giavazzi, François Villeroy de Galhau, @agnesbq1 @pisaniferry & @lugaricano @cepr_org #CEPRParisSymposium
Continúa la onda expansiva del catastrófico error de Putin: Dinamarca abandona su "opt out" y entra de lleno en la política exterior y de seguridad común Europea.
Buenísima noticia para la UE.
RT @RenewEurope: 👏Congratulations to Denmark & our member parties @venstredk & @radikale for their referendum success.
In an uncertain world, we need closer defence ties to deliver a Europe that protects!
We are stronger together & weaker a…
RT @GuyVerhofstadt: Thanks to Putin, a clear win for Europe !
Danish voters know the world is changing dramatically and that only together we can defend our security & sovereignty !
🇪🇺 🇩🇰
RT @TheStudyofWar: New: Moscow’s focus on seizing #Severodonetsk (and Donbas) is creating vulnerabilities for Russia in Kherson Oblast, where Ukrainian counter-offensives continue. Ukrainian leadership has apparently wisely avoided matching Putin’s mistaken prioritization. https://www.understandingwar.org/backgrounder/russian-offensive-campaign-assessment-may-31
RT @COdendahl: Because I am a nerd, I checked which types of ships can transport goods on the #Danube river from Ukraine to Rotterdam (via Main-Danube canal, Main and Rhine). The little black boxes are barges in formation. Fascinating.
I have not been enthusiastic about the sixth sanctions package.... but this is great news! If they cannot insure the cargo they will not find tankers to transport the oil.
"UK and EU hit Russian oil cargoes with insurance ban" https://on.ft.com/3x3phjx
UPDATE: the Odyssey of #SunnyLiger came to its end in Spain: after dockers in SE and DNK refused to handle this tanker on the 27-29th of April, it finally docked today in Barcelona.
Spain and the rest of the EU must STOP financing Putin's war immediately!
RT @lugaricano: UPDATE: Sunny Liger changed destination: Goteborg, Sweden.
Swedish policy going backwards: it bought 2.9M barrels of Russian oil in Jan; 1.5M in Feb; 0 in March &…
RT @HannoLustig: The notion that we don't have to worry about buying Putin's oil and gas in Europe because we're going to be able to drive Russian imports to zero and keep it there indefinitely seems naive to me. Putin will find a way to put those dollars and euros to good use.
13 tankers from Russia arrive in the EU today carrying Oil and Gas, to ports in NL, Greece, Poland, Italy, Denmark, and France.
By our estimates, that is more than $1bn flowing to Putin JUST TODAY-money he would not receive under an oil embargo. The @EUCouncil must act NOW 30/N
Today I explained to @POLITICOEurope that there are clear economic and legal arguments to support a tariff.
See my thread👇
?s=21&t=HKKSVGJH_YsSruDiAeKcqg
RT @lugaricano: Orban is expected to veto today's EU leaders' discussion on the Russian oil ban. But Europe does not need him to agree. As I explain in Politico, a simple majority of 🇪🇺 governments can ban Russia's oil and stop hiding behind Orban's veto.
Thread👇
https://t.co/XLGJ…
RT @RobinBrooksIIF: @lugaricano Agreed. Given Western export restrictions on Russia, it's not simple to translate the drop in Russian imports (blue) into how Russia's economy is doing. It's surely in recession, but hard to say how bad exactly. And it's obvious from this chart how massive the rise in exports is.
RT @ben_moll: Very good point by @lugaricano: imposing an immediate tariff on Russian oil (in addition to any watered down embargo measures) would not require EU unanimity so Orban can’t block it.
Absurdly optimistic view:
1.Exports 2x more important for c/a surplus than import compression. See @RobinBrooksIIF in answers
2.Hard cash always useful!E.g.:
-Trade with China and others
-Pay for weapons/mercenaries
-Pay salaries/pensions without printing money
-Store wealth!
RT @M_C_Klein: The current account surplus is (mostly) the value of exports minus imports. If you restrict what people in a country can import without limiting…
RT @RenewEurope: The report on the new EU Authority to combat anti-money laundering #AMLA is out @EP_Economics @EP_Justice
We call for a crackdown on dirty money, increased information exchange between all authorities and the creation of an effective common 🇪🇺 supervisory & intelligence system.
RT @GuyVerhofstadt: From a democratic Germany, I expect a completely different attitude.
After the horrors of the Second World War it’s their responsibility to take the lead in helping Ukraine military and financially.
Europe is contributing to prolong Putin´s war. Oil and gas payments account for over half of Russia’s state budget and a lot of it comes from our pockets. 🇪🇺 has sent over €50bn to 🇷🇺 since the war broke out. and one €12bn in aid to Kyiv.
https://crea.shinyapps.io/russia_counter/?tab=counter
Orban is expected to veto today's EU leaders' discussion on the Russian oil ban. But Europe does not need him to agree. As I explain in Politico, a simple majority of 🇪🇺 governments can ban Russia's oil and stop hiding behind Orban's veto.
Thread👇
https://www.politico.eu/newsletter/brussels-playbook/summit-day-renews-ranks-swell-sefco-in-berlin/
¡A primera!¡Aupa Pucela!
Sólo diez jugadores del mundo tienen 5 Champions. Todos han jugado en el mismo club.
RT @nocontextfooty:
Unofficial automated mirror. No copyright asserted. ∎ Economist. Back at LSE as a Professor at @LSEPublicPolicy Summer 2023. Non-resident Fellow @bruegel_org. Recovering MEP. Currently @ChicagoBooth.
Joined Apr 2022
