My article in the @FT on how the lack of conditionality (the four "conditions" are not such) and of a fiscal backstop creates the risk that the @ecb will be obliged to fund populist politicians and policies.
https://on.ft.com/3BX1OTx
RT @gilestremlett: Funding populism in the EU? A worrying take from @lugaricano The ECB’s new backstop introduces atrocious incentives - https://www.ft.com/content/e06f253d-5f06-4484-9ce0-658434a844cd?sharetype=blocked via @FT
¡Qué ganas de leerlo! Enhorabuena @ivarelad
RT @ivarelad: De próxima aparición. Ya en preventa en Amazon y en las webs de las principales librerías.
@PablodeRamnLaca Suerte, Pablo!
RT @GVAGrad_CFD: New @voxeu Book: Economic Consequences of the Russo-Ukraine War
Edited by @bweder, faculty associate at @GVAGrad_CFD & President @cepr_org
With @lugaricano (@Columbia_Biz) & @dominic_rohner (@heclausanne)
Book ➡️https://cepr.org/voxeu/columns/economic-consequences-ukraine-war-new-ebook
@BaldwinRE, @GVAGrad, @upanizza
RT @comms_jon: @shashj It wasn’t a speech, it was a special military oration.
Con nuestra deuda del 120% del PIB, cada punto de aumento de los tipos de la deuda, si se sostiene en el tiempo, supone 1.2% del PIB de déficit adicional. Necesitamos urgentemente una senda presupuestaria sostenible.
Os dejo aquí mi entrevista de anoche en @hora25 con @AimarBretos, echando la vista atrás para reflexionar sobre los sabores y sinsabores de la política. ¡Espero que os interese!
El fin de la impunidad para Hungría. La comisión ha paralizado un total de 8.5% de su PIB en dinero europeo.
Europa no es un cajero automático.
RT @Mij_Europe: The @EU_Commission decision to withhold EUR 7.5 billion in funding as a result of rule of law concerns + stalled negotiations over the Recovery Fund means the total sum in non-refundable grants at risk of being withheld from Hungary now amounts to 8.5% of its GDP
Hoy a las 21:30 @AimarBretos me hace entrevista larga en @hora25 sobre mi experiencia política y sobre lo que funciona y lo que no en política europea.
@VMRConstancio No, it is not because of out of world GE. At all. It is because we know that when you give politicians the money to build empires, they do not maximize (out of world!!) the welfare of EU or their country, but their own, placing cronies in power positions and doling out patronage.
RT @conderuiz: ▶️No se cuanto de "Fantasiosa" es la preocupación de Bruselas sobre la Sostenibilidad de las Pensiones españolas...
▶️ Pero lo que SI es una Fantasía es pensar que un Factor de Sostenibilidad, auténtico factor de Equidad Intergeneracional, es Lesivo para los Jóvenes...
The coming Peace Dividend: it looked like NATO should be reinforced/defense spending increased. But if Ukraine can defeat Russia, the threats to the West are sharply reduced.
One more reason to help Ukraine: an investment in peace, in a prompt recovery, and in a peace dividend.
Good step forward of MIT in defense of free speech. I hope we are seeing the beginning of the end of "cancel culture". https://facultygovernance.mit.edu/sites/default/files/reports/2022-09_Proposed_MIT_Statement_on_Freedom_of_Expression_and_Academic_Freedom.pdf
The environomental disaster that is treating "biomass" as green.
Shocking fact: the emissions from burning wood pellets do not show up in the emissions of the country burning it due to weird accounting rules. This is the cause of this insanity.
RT @DoombergT: 1/ In the second half of the 16th century, Britain plunged into an energy crisis. At the time, the primary source of energy driving the British economy was heat derived from t…
RT @JeremyCliffe: You will know that Germany has finally grown up geopolitically and accepted its proper role in Europe when its establishment stops talking about "peace solutions" and "ending the war in Ukraine" and starts saying "Ukraine must win".
RT @AlinejadMasih: Do you really want to know how Iranian morality police killed Mahsa Amini 22 year old woman? Watch this video and do not allow anyone to normalize compulsory hijab and morality police.
The Handmaid's Tale by @MargaretAtwood is not a fiction for us Iranian women. It’s a reality.
@romanhistory1 Born in Italica (Seville), Hispania.
RT @alanalda: Mike Farrell and I today toasting the 50th anniversary of the show that changed our lives - and our brilliant pals who made it what it was. MASH was a great gift to us.
RT @HoansSolo: The debate in Germany re. Eastern vs. Western-made tanks reminds me of Freud's observation of the narcissism of the small difference: exaggerating differences in order to preserve a feeling of separateness & self that lets 🇩🇪 ostensibly pursue a 'Sonderweg' vis-a-vis 🇺🇦 & 🇷🇺.
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.