Discover and read the best of Twitter Threads about #ERF
Most recents (2)
We now know the #ESM lending conditions. Look at footnote 2 of the #Eurogroup statement
Lending rate will be at around 0.13% for loans up to 10 years (drawn for up to 2 years)
consilium.europa.eu/it/press/press…
Lending rate will be at around 0.13% for loans up to 10 years (drawn for up to 2 years)
consilium.europa.eu/it/press/press…
A quick calculation (at today's 10 year market rates) for Italy gives yearly savings in interest payment of about € 600 mln, or 0.033% of GDP 
This is more or less what we had calculated with my colleagues at @ofceparis. Not a lot, to be honest (with the whole 540bn package Italy would save at best 0.08% of GDP in interest)
ofce.sciences-po.fr/blog/les-milli…
ofce.sciences-po.fr/blog/les-milli…
There's a FullCAM update happening - consultation open for transitional arrangements for existing vegetation projects, including "compressed crediting" #CarbonFarming #ERF environment.gov.au/climate-change…
I can see the logic behind "compressed credits" and the need for fair transitional arrangements, but my goodness, also big risks if the concept is misused...
