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
RT @RobinBrooksIIF: @lugaricano @HannoLustig @FT @ecb You hit the nail on the head with your questions! Higher yields for some Euro sovereigns are part of the solution, not part of the problem. It's only via higher yields that non-ECB buyers will come back. There's too much focus on capping yields & too little on private buyers...
@LucaFornaro3 Sorry for the mess. I QTed my answer. I reproduce it here. Now this tweet is in 3 places (in my Lagarde thread, as QT and here), further confusing everyone... Apologies.
?s=20&t=IMlb4727Tc_4iReFBODsSw
RT @lugaricano: .@LucaFornaro3 raises good points in thread. To me the paralell is that if target band is not credible, it will be tested:
1) Either support is unlimited- but then we need conditions (or treaty violation) …
@LucaFornaro3 @ecb @Lagarde I answered in a quote tweet to @LucaFornaro3 ´s good thread. Here is my answer-- sorry for the entanglements of threads!
?s=20&t=IMlb4727Tc_4iReFBODsSw
Maybe better to carry the conversation in my RT already?
RT @lugaricano: .@LucaFornaro3 raises good points in thread. To me the paralell is that if target band is not credible, it will be tested:
1) Either support is unlimited- but then we need conditions (…
.@LucaFornaro3 raises good points in thread. To me the paralell is that if target band is not credible, it will be tested:
1) Either support is unlimited- but then we need conditions (or treaty violation) and we are back to OMT
2) Or limited, and then mkt will test it
Thoughts?
RT @LucaFornaro3: Some have argued that the disorderly devaluations of the lira, peseta and pound during the 1992 EMS crisis cast doubts about the ECB abili…
It is ridiculous to talk about "geopolitical Europe" while we abandon all our trade partners in LatAm who have made a huge effort to make deals with us. Don't cry when they turn their back on us and look to China!
RT @europressos: And here the letter, where EU trade ministers warn that Asian deals should be a “wake-up call” for EU and calls for faster conclusion of negotiations and implementation of agreements to strengthen EU’s cre…
The @ft today echoes a point I (and others in this site) made in my questioning about the anti-fragmentation tool:
"if the @ecb disagrees with the market view on the right price, won´t the ECB end up being the only agent willing to buy peripheral debt?"
RT @lucas_gortazar: Educación a tiempo completo, oferta pública gratuita de 9 a 17h, como mínimo. Una de las (muchas) claves del éxito de nuestros vecinos.
RT @ElnAlfaro: "Ética es lo que les falta a otros"
Pues si @gascondaniel es el mejor columnista hoy en día, se dice y ya está https://www.elperiodicodearagon.com/opinion/2022/06/19/etica-les-falta-67413871.html?utm_source=twitter&utm_medium=social&utm_campaign=btn-share
Excellent @c_lindner leading the way in opening a key debate in Germany: "we must discuss whether nuclear could play a role in the coming months and years"
RT @c_lindner: Angesichts der drohenden Notlage müssen wir handeln. Der Ersatz von Gasverstromung durch Kohlekraftwerke ist ein Schritt. Wir sollten aber auch offen diskutieren, ob die verbliebenen Kernkraftwerke in den nächsten Monaten und wenigen Jahren einen Beitrag leisten kö…
The downside scenario the @ecb @Lagarde is describing today at Econ committee is textbook stagflation: next year average Eurozone -2% growth, over 6% inflation.
Just about to start Monetary Dialogue with @Lagarde at Econ committee. Will ask her about the new antifragmentation tool.
@spignal Here is my thread with analysis of the supply-demand imbalance and also the German document where the implausible claim is made
?s=20&t=HV2VabVj6uYU-YR_XqKQ-A
RT @lugaricano: Every argument used by the German government to avoid using nuclear temporarily only shows lack of political will.
@spignal I don´t agree @spignal. That is what the econ ministry wants to make us believe, but I don´t believe it:
- the law: they can change it!
- the new safety standards: they can meet the old ones
- the personnel: paying for it will bring back the people
- the economics: untrue
@LBelenesR SIn duda. Pero es el mayor logro del movimiento medio ambiental alemán, en tres décadas. De hecho, mucho antes de que existiera la idea del calentamiento global, el movimiento verde empezó como movimiento antinuclear.
Three nuclear plants were closed in Germany in December 21, three more in Dec 22. Why is Germany choosing Coal rather than Nuclear?
My hypothesis: Greens do not want to recognize that their main "achievement",ending Nuclear, in fact, facilitates global warming and Putin's power.
RT @ulrichspeck: If Germany would have stopped to buy gas from Russia in Feb - or used the threat as a stick in negotiations - Berlin would have used energy interdependence to advance its own geopolitical goals. Yet by doing nothing, Berlin has decided to leave the energy weapon in Putin's hand.
RT @anneapplebaum: The next and most obvious Russian move would be to cut off gas supplies, completely, to Germany. I hope everyone is prepared for this and will not pretend that they are surprised.
@CBeaune @Cl_Chassaniol Dear Clement, you ran a very impressive campaign! Congratulations!
RT @OperadorNuclear: ¿Aprenderá España la lección de que cerrar las centrales nucleares puede tener estas graves consecuencias?
https://elpais.com/economia/2022-06-19/alemania-recurrira-al-carbon-ante-el-recorte-de-suministro-de-gas-ruso.html
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
