Thread by @DanielaGabor

if you were hoping that the silver lining of Russia's aggression is a new macrofinancial regime in Europe, sorry to disappoint.

the freshly minted revision to the European 'green, digital resilient and inclusive' Growth model is a lot more of the same
ec.europa.eu/info/sites/def…

first, you want to window-dress the malfunctioning of the 'austerity first, mobilise private capital next' model - hello secondary axis.

the macro information wars - a slap in your incredulous face

https://twitter.com/Aidan_Regan/status/1499379504460054528?s=20&t=j60PqqSjC2ouL1nQ4S36Bw

with austerity still on the menu - in Michelin bullshit packaging - the problem remains the famous investment gap, now in its (freedom energy) investment gap version

where will these billions come from, if the fiscal song is austerity?
you guessed - our friendly financiers, freely roaming through the Capital Markets Union

hello green ordoliberalism - i.e. monetary and fiscal derisking - sad to know you're so resilient to Putin.

tell me again how Streeck's 'footnote to US empire' diagnosis of Europe was wrong.

thanks to @BrusselerMel for pointing me to the Green ordoliberal manifesto for Europe.