Senior Fellow at @dgapev. RT does not mean endorsement
Mar 31, 2023 • 7 tweets • 4 min read
I don’t think it is clear to everyone how important the Net Zero Industrial Act commitments are. It aims to make the EU independent in critical green industries with very bold pledges.
Very strong commitment to the multilateral order and to a multipolar world with arms length relationships to the US and China. « Eventually, in a multipolar world, dialogue and cooperation must extend beyond the democratic comfort zone. »
May 1, 2022 • 8 tweets • 7 min read
For German fiscal policy nerds. Something really beautiful just happened. In order to finance the EUR 100bn investment to upgrade the Bundeswehr announced by @Bundeskanzler on Feb 27th, the Ministry of Finance created a special fund.
The only purpose of this special fund, like the special fund for Climate and Transformation, is to essentially accrue debt outside of the Federal Budget so that Germany can pretend it continues to respect its constitutional debt brake.
Feb 5, 2022 • 4 tweets • 1 min read
Bon papier plein de références utiles qui montre la schizophrénie nationale sur les inégalités et la taxation du capital.
1) refus relativement unanime de la taxation de la transmission du patrimoine (ce serait pourtant le plus efficace)
Feb 5, 2022 • 5 tweets • 5 min read
Très heureux de cet entretien à bâtons rompus avec @guillaume_ancel mené pour le compte du @GEG_org sur la place du silence dans l’armée et l’absence de débats sur nos opérations militaires legrandcontinent.eu/fr/2022/02/03/…
Il aborde le leg de la guerre d’Algérie, la constance de l’usage napoléonien des armées et l’incompatibilité entre cette pratique et la création d’une défense européenne. lopinion.fr/international/…
Pour un français engagé, la lecture de cet accord de coalition Allemand est vertigineuse et permet de constater l'archaïsme à la fois de notre culture politique, de nos institutions autant que de nos politiques publiques. Un thread :
Il est frappant que 3 partis de culture politique/idéologique si différente puissent s’entendre en quelques semaines sur un accord de gouvernement plus détaillés et précis que celui de n’importe quel candidat à la Présidentielle.
Oct 17, 2021 • 9 tweets • 5 min read
Une contribution intéressante au débat naissant sur l'identité européenne par @LuukvMiddelaar pour le @Grand_Continent qui souffre cependant de quelques lacunes / impensées. legrandcontinent.eu/fr/2021/10/14/…
Si le lien historique entre christianisme et universalisme est bien connu. Il est regrettable de ne jamais évoquer l'apport central du judaïsme (longtemps première communauté transnationale européenne) à notre identité commune. @b_judah@jameskmcauley
Apr 19, 2020 • 7 tweets • 3 min read
Very interesting interview of @ESM_Press sugarcoating its new lending programme to Italy as well as it can and minimizing the chance of a true common fiscal response as much as it can.
The answers about conditionality are misleading. The requirement to use a Debt Sustainability Analysis is enshrined in the ESM Treaty and is not mentioned here and the reference to "strengthening core economic data" is either a bad translation or a misrepresentation.
Apr 14, 2020 • 6 tweets • 3 min read
Very pleased to see this piece by @adam_tooze in support for coronabonds and a coalition of the willing and his explanation for why the @ESM_Press is inadequate in the current context. ips-journal.eu/regions/europe…
but the @ESM_Press is not only inadequate on political grounds because as "a legacy institution of the eurozone crisis, it is political poison", it is also technically a hammer that is looking for nails.
Mar 24, 2020 • 7 tweets • 2 min read
I am bit confused about this ESM idea too. There are a number of important conditions to be met for this proposal to be useful if at all (thread). @JKirkegard
Member States cannot face any conditionality for applying/benefiting from this credit line otherwise it is really just introducing a control of national policies that is entirely inappropriate at this point.
The conclusions fail to agree on a common EU line on testing, quarantine, containment and social distancing leaving Italy alone to take the boldest measures when they should be undertaken across the EU consilium.europa.eu/en/press/press…
Feb 6, 2020 • 10 tweets • 2 min read
The Commission is launching a debate on fiscal rules, acknowledging some of its shortcomings but avoiding an ambitious proposal to reform the SGP, thereby kicking the can so far down the road it will prevent a real greening of national fiscal policies. 1/N
By opening 6 months of public consultations followed by 6 months of "reflection", it is preventing any conclusion for the next budget cycle (budget 2021, to be finalized in the fall of 2020). 2/N
Nov 30, 2019 • 16 tweets • 11 min read
The ESM treaty reform in its current shape is not worth the paper it is written on. The Eurogroup (dec 4) and Euro Summit (Dec 13) should postpone its agreement and set out (with the new commission) a broader, more balanced and more ambitious package. consilium.europa.eu/en/meetings/eu…
The ESM reform was meant to: (i) communautarise its governance and reduce the scope for national vetoes, (ii) improve its capacity to act pre-emptively and (iii) arrange the backstop to the single resolution mechanism. It has failed on all counts.
Jun 16, 2019 • 27 tweets • 12 min read
La conférence de presse franco-allemand de @BrunoLemaire annonce un accord au conseil européen cette semaine au gout de renoncement qui sera cependant présenté comme une avancée majeure d’initiative française. Il n’en est rien.
(1/N)
Sur la forme: célébrer par une conférence de presse FR-DE un tel accord systématiquement sapé par DE est consternant. Ceci insulte ceux (comme ES) qui ont essayé de porter l’ambition de @EmmanuelMacron sur ce sujet et enferme davantage la FR dans un duo stérile. (2/N)
