Share this page!

Enter URL or ID to Unroll

You can paste full URL like: https://x.com/threadreaderapp/status/1644127596119195649
or just the ID like: 1644127596119195649

How to get URL link on X (Twitter) App

  1. On the Twitter thread, click on or icon on the bottom
  2. Click again on or Share Via icon
  3. Click on Copy Link to Tweet
  4. Paste it above and click "Unroll Thread"!
  5. More info at Twitter Help
Nicolas Veron Profile picture
Nicolas Veron
@nicolas_veron
Trying to contribute to better economic policymaking, from Bruegel @bruegel_org & the Peterson Institute for International Economics @PIIE. Tweets are personal.
Sep 3, 2020 • 7 tweets • 5 min read
Now listening to @OlafScholz's session at #BAM20 in replay mode. Striking how he explicitly talks the language of fiscal union, even with rhetorical hedges: e.g. "move to a completely new level (...) that moves us closer to a fiscal union." bam.bruegel.org/events-new/key… Expanding on his vision for fiscal union @OlafScholz at #BAM20 doesn't shy away from the most difficult bit. "The next step is that we understand that we need more own resources (...) there is no room of maneuver for postponing a decision (...) this is the decisive moment."
Feb 17, 2019 • 10 tweets • 2 min read
I have just finished reading Tony Judt's essay on Europe, A Grand Illusion? - actually a collection of three lectures he gave in May 1995 followed by an afterword. In it, Judt memorably questioned the sustainability of the EU and the wisdom of Eastern enlargement. (1/n) Reading Judt a generation later is surprisingly uplifting. He has a highly perceptive, even prophetic, analysis of fault lines in the EU & risks in Central Europe, not least of renewed nationalism. But his concluding predictions end up almost comically overpessimistic. (2/n)
Jan 4, 2019 • 7 tweets • 4 min read
Latest update on my arcane legal query. The legal basis is indeed articles 70-72 TUB (Consolidated Italian Banking Law), as confirmed by the ECB and indicated by Carige itself: gruppocarige.it/grpwps/wcm/con…. So my tweet of yesterday was not inaccurate after all. Phew! BUT there's still something I don't quite get. Communications from both the ECB (bankingsupervision.europa.eu/press/pr/date/…) & Carige (gruppocarige.it/grpwps/wcm/con…) refer to a decision by the ECB, & don't mention the Bank of Italy. While the text of TUB suggests the BoI is formally the decision-maker.
Dec 5, 2018 • 6 tweets • 2 min read
Very interesting exchange between Sabine Lautenschläger @ecb and @sven_giegold on whether sovereign concentration risk belongs to pillar-1 (P1) or pillar-2 (P2), at the Nouy farewell conference in Frankfurt. A seemingly arcane but highly topical matter. (mini-thread 1/) Asked about whether sovereign concentration risk should be P1 or P2, Lautenschläger responds: can only be P1. Reasoning: legislators considered it, decided it’s not P1, everyone knows it. We at @ecb cannot override this. 2/