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Positive Money Europe
@PositiveMoneyEU
, 8 tweets, 7 min read Read on Twitter
Tomorrow the European Parliament will host a hearing with Christine @Lagarde, in order to confirm her appointment as #ECB president. Ahead of the session, Lagarde answered 70 questions from MEPs - we read them all so you don't have to. THREAD👇europarl.europa.eu/meetdocs/2014_…
1/ On the positives: Lagarde wants the #ECB to make climate change a priority. She committed to ensure the ECB plays an active role in the @NGFS_ and, "as soon as such a taxonomy is agreed, the ECB will need to assess whether and how it can apply it to QE."
2/ However @Lagarde is obstinate to follow the business as usual "market neutrality" approach of the #ECB in Corporate QE. We're still wondering how mirroring markets in portfolios is consistent with the need to cope with market failures and create new investment incentives. 🤔
3/ She is also in favour of a #GreenNewDeal, although in her response to Q39 she remains rather vague and noncommittal on whether the #ECB should purchase more EIB bonds (the ECB clearly can).
4/Another positive: @Lagarde clearly endorses the need for a review of the ECB's monetary policy framework. Given the inability of the #ECB to achieve its mandate for the last 6 years, such review is long overdue 👉positivemoney.eu/2019/06/time-t…
5/ We also welcome @Lagarde's commitment to improve the diversity of the #ECB staff - not just of gender. We hope Lagarde has in mind diversity of education, social backgrounds and political views. It is key that the ECB's diversity efforts find support in the ECB's top floors.
6/ On the negatives, @Lagarde rejects the Chicago plan / "narrow banking" reform proposal. Her rebuttal is wrongly based on the assumption that governments would take over the control of the entire money supply. This does not need to be the case. #ECB
We hope MEPs will push Christine @Lagarde to raise her game. We will be closely monitoring & live-tweeting the hearing tomorrow in the European Parliament's ECON Committee. Tune in tomorrow at 10:30am! 📽️🔴livestream link: europarl.europa.eu/ep-live/en/com…
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Anice Lajnef
@AniceLajnef
***L'impasse économique et sociale***

Christine #Lagarde a été désignée à la tête de la Banque Centrale Européenne (BCE). Mais elle est face à une impasse.

Thread ⤵️
Soit la BCE décide d'arrêter sa politique monétaire accommodante qui consiste à inonder les marchés financiers d'argent fraîchement créé, et dans ce cas, nous vivrons une crise du crédit sans précédent: hausse des taux d'emprunts, crise de liquidité, effet domino de faillites.
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Soit la BCE décide de continuer sa politique monétaire accommodante, qui a pour effet de créer d'énormes bulles dans les marchés financiers et le marché de l'immobilier, et qui profite massivement aux possédants. Et dans ce cas, le risque d'insurrection sociale est énorme !
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Helene von Bismarck
@HeleneBismarck
For the UK, the #European Elections are no replacement for a second referendum. Nor are they just a symbolic act. All the more reason to vote. Thread (I am not going to tell you how to vote. Just to vote.) 1
There is something bizarre about holding European Elections in 🇬🇧 3 years after the referendum. Voters are being asked to cast their vote in an election without knowing what the legal and constitutional significance of that election will be. Two scenarios are imaginable: 2
Scenario A: if 🇬🇧 leaves the EU by October 31 or even before then, British MEPs will only take their seats in the European Parliament for an extremely short period of time. 3
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Yascha Mounk
@Yascha_Mounk
In the Netherlands, Geert Wilders’ PVV has long commanded an important share of the vote. Now, a new far-right populist movement, Thierry Baudet’s Forum for Freedom, is overtaking it.

Baudet will likely come in second. Together, he and Wilders will have 20%-25% of the vote.

9/n
In Austria, the far-right FPÖ may only come in third.

But together with the formerly center-right ÖVP, which has since thoroughly "populistified," and failed to stand up to the FPÖ in coalition, the current government will probably get over 50%.
And of course will perform strongly in plenty of other countries, too.

From Spain, Vox will enter the parliament for first time. In Germany, the AfD will increase its share of the vote. In many smaller Central European countries, populists will dominate.

11/n
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The Overtake
@theovertake
You may have noticed Nigel Farage is everywhere this morning, campaigning for his Brexit Party. Let us tell you some things about what he's been up to…
First, in January 2018, the ex-Ukipper had €40,000 (£35,500) of misspent EU funds docked from his salary. He used the money to pay his assistant Christopher Adams, who financial controllers suspect never actually worked on any European Parliament matters
He is the third-worst British MEP. He’s done ZERO report amendments and shown up to the plenary (that’s the big MEPs session in Strasbourg) only 61% of the time (if he drops below 50% he’ll lose some of his expenses) theovertake.com/~meps/have-mep…
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Zach Everson
@Z_Everson
Trump Hotels' website still lists Trump SoHo New York among its properties in the Our Hotels menu. Select its name though to access its page and there's a message about it being renamed

bit.ly/2EPCSy1
National politics correspondent for Newsweek, Nina Burleigh, with a fun find on a TV above the bar at the Trump Hotel DC bit.ly/2E37QRR
Two errors in the 2nd graf of Breitbart's Trump Hotel DC article:
-holdings aren't out of @realDonaldTrump's hands: trust isn't blind & he can profit from it
-Trump Org told Congress it was estimating foreign receipts—not auto donating in full
bit.ly/2CpL7z2
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