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
Bundesbank governor Nagel insists on fiscal conditionality being "indispensible" for the new antifragmentation tool to work. See below this three conditions
As of now, no one has a clue of how this tool will work. 17 days to go.
Tomorrow, 4 new ships from Russia arrive in the Netherlands, Slovenia & Greece carrying approx. 1.855.046 barrels of Crude Oil & Fuel Oils worth around $ 207M.
Ships name: Montego, Eco Revolution, Propontis & NS Parade.
(Data by @RTTG)
38/N
Alemania vuelve en 2023 a autoimponerse el 0 déficit en 2023. Como dice hoy @EuroBriefing , parece imposible políticamente para Estados que están ignorando su déficit ( como España) seguir gastando como si no hubiera restricciones.
Nos invita @cultrun a que no confundamos ser buenos anfitriones con tener influencia geopolítica.
RT @mirandola1964: País de camareros por @cultrun
He echado en falta en la entrevista de Pedro Sánchez un mínimo reconocimiento de que el dinero no es infinito, de que endeudarse no es gratis, de que la estabilidad presupuestaria es un objetivo.
No veo como puede acabar bien.
https://elpais.com/espana/2022-07-03/pedro-sanchez-vamos-a-hacer-fijos-a-67000-sanitarios-en-espana.html
Ayer y hoy hemos disfrutado reflexionando sobre políticas públicas en el Parlamento Europeo con estudiantes universitarios de toda España.
Muchas gracias a @ramonmateoes @Manuj_Hidalgo @elisadelanuez @isidorotapia @MartaDomnguezJ1 y a todo mi equipo por vuestro entusiasmo.
RT @DigiEconomist: The crypto crash is having a (so far) lasting impact on related carbon emissions. 150,000 metric tonnes of CO2 are avoided each day compared to before the crash. The total reductions over the past weeks already amount to a quarter of annual CO2 reductions by Tesla vehicles.
RT @IEA: Nuclear power has a unique opportunity to stage a comeback, but it is not guaranteed.
It will depend on government action aimed at kick-starting investment & efforts in the nuclear industry to deliver new projects on time & on budget → https://www.iea.org/reports/nuclear-power-and-secure-energy-transitions?utm_content=buffer728c0&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
Chart of the year, indeed. It is not just China overtaking Europe and US, it is the increasing rate of change (China looks exponential, Europe looks linear or --at the end- less!). Sobering.
RT @NatBullard: Chart of the year, or decade, and possibly one of the charts of the century so far: China now generated more renewable electricity than all of Europe https://www.bloomberg.com/tosv2.html?vid=&uuid=cb24fc7e-f878-11ec-ba53-74696d66…
Russia abandoning Snake island, the one that prompted the memorable "Rusian ship, f*** youself" from an Ukranian soldier.
They say it is a "gesture of goodwill."
RT @IAPonomarenko: You’re not going to believe it.
Russia’s war ministry has confirmed the evacuation from the Snake Island — again, as a “goodwill gesture” toward Ukraine.
Just with the same words they said after their rapid retreat from the Kyiv, Chernihiv, Sumy regions…
Draghi argued in 2013:
"conditionality is important in providing the ECB with adequate assurance that interventions supporting sovereign debt bond prices do not mutate into financial subsidies for unsustainable national policies"
Still true, Mme @lagarde?
https://www.ecb.europa.eu/press/key/date/2013/html/sp130506.en.html
Me parece una idea estéticamente fantástica el "continuar" el extender/continuar el cuadro hacia fuera incluyendo a las Meninas en la reunión de líderes de la OTAN. Qué gran uso de nuestro gran museo.
Hans Werner Sinn, in The Green Paradox, warned that green policies would push producers to rush to get the fossil fuels off the ground before it is too late. Why is S.A. not rushing to get it off the ground ASAP, particularly now with extreme high prices?
RT @NatBullard: I know these two trends from years of looking at the data - but it's still striking to see it charted
Yesterday, another 4 ships from Russia arrived in Italy, Belgium, Spain and Romania carrying crude oil, LNG, and coal worth more than $ 200M.
Ships name: Delta Kanaris, Coral Favia, Kendra Oldendorff & Pride ("Shame" would fit better)
(Data by @global_witness)
37/N
Un (futuro) profesor de economía de @CEMFInews (Madrid) recibe el premio del @ecb para economistas jóvenes. CEMFI sigue estando a la cabeza de la investigación económica en España. Enhorabuena @manolo_arellano #Repullo @SamBen8 etc.
RT @ecb: The winner of this year’s #ECBForum Young Economist Prize is @fkocheng! His research focused on firms’ external financing over their life cycle.
Congratulations to all the finalists on their ach…
Sr. @PabloEchenique :
al que no tiene armas para defenderse y amigos que le defiendan le pasa esto
NB: foto Bucha, sacada por mí.
RT @PabloEchenique:
Even though Russia earns €95m less a day though lower volumes and €101m less due to the lower price of Russian oil, the overall increase in oil prices more than compensates- €447m extra revenue per day.
Talk of sanctions not yet in place has hugely helped Putin.
While the G7 discusses a price cap on Russian energy imports, 5 ships from Russia arrived in a EU port yesterday carrying crude oil, LNG, and coal worth more than $ 250M.
Ships name: Amax Avenue, Free Spirit, Nantucket, Coral Fungia & Jaguar I
(Data by @global_witness)
36/N
Me vuelve a soprender en su entrevista en @elpais el mesianismo de Petro, el nuevo presidente colombiano:
- Yo o las tinieblas
- Victoria para Dios (el día de la victoria)
- Como Bolivar o Ghandi
Espero que esto acabe bien para los colombianos.
https://elpais.com/america-colombia/elecciones-presidenciales/2022-06-28/gustavo-petro-si-fracaso-las-tinieblas-arrasaran-con-todo.html
RT @begonavillacis: Hoy he podido transmitirle personalmente a @Vitaliy_Klychko, alcalde de Kyiv, que desde Madrid no olvidamos el horror que siguen viviendo todos los días.
Seguimos a su lado desde #Distrito22Kyiv para canalizar toda la ayuda que esté en nuestra mano.
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
