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
3 oil tankers from Russia arrive tomorrow in Italy & Belgium
Ships Name: Minerva Sophia, Sunny Horizon & Trident Hope
Carrying approx 1.6 M barrels of Crude Oil & Diesel worth an estimated $175.6M
33/N
Productive meeting with @McGuinnessEU to present our work on the 🇪🇺 new Anti-Money Laundering Authority. Until now, Europe's hands-off approach towards dirty money has only yielded scandals. The time has come to crackdown on it. Let's make it happen with AMLA!
RT @HannoLustig: 1/if a government loses 42% of its revenue because of an oil embargo, then concluding that said government without access to bond markets will be forced to monetize deficits and impose an inflation tax is not `simple monetarism', it is in fact basic economics.
103 days later, money keeps flowing to Putin: 5 oil tankers from Russia arrive tomorrow in Greece, Netherlands, Belgium & Bulgaria
Ships Name: StiManhattan, Donat, Histria Agata, Sti Poplar & Saga
Carrying approx 2,5 M barrels of Crude Oil & Diesel worth an estimated $187M
32/N
Poland must fulfill the conditions on the independence of the Judiciary demanded by the European Court. If @vonderleyen releases the NextGen funds before these conditions are met, we will Censure the Commission (with @GuyVerhofstadt and @SophieintVeld)
Lessons in leadership from @ZelenskyyUa , Part #N. So impressed with his judgement and his courage.
RT @ChristopherJM: Ukrainian President Volodymyr Zelensky made an unannounced visit to the frontline in Zaporizhzhia today, per his office and Telegram channel. He’s been getting out of Kyiv more recently. 📸 @APUkraine and Zelensky Telegram
RT @sguriev: Yes, reducing imports is very important - in particular, for limiting Putin's ability to produce military equipment. But export embargo is crucial for reducing his budget revenues - which he needs to pay his soldiers
https://www.project-syndicate.org/commentary/europe-russia-oil-embargo-needs-immediate-price-cap-by-sergei-guriev-2022-06?barrier=accesspaylog
RT @repasi: Das ist ja mal eine spannende Neuigkeit! Die europäischen Liberalen (@ALDEParty) haben beschlossen, dass ihre Fraktion im EP, @RenewEurope, ein Misstrauensvotum gegen die Kommission von @vonderleyen einbringt, wenn Gelder an Polen ausbezahlt werden. I am in, @lugaricano!
The official text is out! Here is the position of @ALDEParty
RT @RobinBrooksIIF: Some claim Russia's imports are collapsing, so no need to bother with an energy embargo. This is misleading and false. Compared to the Jan - April 2021 period, Russia's trade surplus is up +$94 bn in Jan - Apr 2022. Of that rise, +86 bn is due to exports. It's ALL exports...
BREAKING. In its Congress, @ALDEParty has just agreed to ask our parliamentary group @RenewEurop to promote a Motion of Censure of the European Commission if it disburses cash to Poland under RRF without ECJ conditions being met. A Censure would force the Commission to resign.
RT @HannoLustig: 1/additional export sanctions against 🇷🇺 have no effect, if (i) Russian imports are zero now, and (ii) zero in the future, and (iii) Russians have no other motive for holding dollars/euros (for example, no demand for dollar safety). dollars have to be completely useless in 🇷🇺.
Does sending hard cash to Russia matter? How could it not! @itskhoki answers carefully and convincingly to @M_C_Klein 's doubling down on his surprising claim.
RT @itskhoki: Interesting analysis, which nonetheless misses a few important points about export sanctions. Summary in thread below, formal analysis see Corollary 1 https://t.co/6f4glu2Rrh
1) While indeed export and import sanctions achieve the same goal (due to Lerner equiv…
RT @HannoLustig: Suppose we did a helicopter drop of dollars in Red Square in Moscow. If no one bothers to pick them up, then export curbs are indeed irrelevant. Not a likely outcome of this experiment.
RT @Mylovanov: 100 days of the war. Yellow - recaptured territory
3. Varios indicadores económicos como la inflación, el PIB y el nivel de deuda aconsejan que en vez de eufóricos deberíamos de estar muy preocupados.
El Gobierno prefiere agarrarse a un dato positivo para armar su relato de recuperación, pero los relatos no evitan crisis.
2. El total de horas trabajadas cuenta una historia diferente, mucho más parecida a la del PIB: las horas trabajadas (y pagadas) en el primer trimestre de 2022 siguen por debajo del nivel anterior a la pandemia.
1. España sigue siendo el país de la Unión Europea con mayor tasa de desempleo.
Nuestro mercado laboral es un desastre y la complacencia solo nos lleva a posponer reformas necesarias (formación para el empleo, perfilado laboral, mochila austríaca...).
Debemos celebrar la mejora de los datos de empleo, pero la euforia del Gobierno es exagerada por tres razones 👇
7 oil tankers from Russia arrive in Italy, Spain and the Netherlands tomorrow, the 3rd of June.
Ship names: Afroditi, Lucky Sailor, Minerva Gloria, Eco Fleet, Tamara, Aretea and Seavalour
Carrying approx 3.9 million barrels of Crude Oil & Diesel worth an estimated $260M
31/N
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
