At Europe House in London, I opened a seminar marking 50 years since Britain’s 1976 IMF crisis. Its lesson remains highly relevant: debt accumulation is no panacea. Responsible budgets, structural reforms and growth-oriented policies remain the only sustainable path. https://t.co/lB1GH3NDzf #IMF #DebtCrisis #SustainableGrowth #GB #EU
In 2 years, Trump's policy meant an extra $10,000 in debt per adult American. So he promises half of what he has cost. Remarkable form of 'dividend'. (translated)
Chinese strategy in a nutshell: ruthless, destructive, and radically anti-Western. (translated)
Persistently budget deficits and political quasi-ungovernability are fundamentally undermining Paris’s creditworthiness. While crackpot ideas about debt cancellation circulate, the ECB watches attentively in the shadows. Blog: https://t.co/gChynRWqCm #BudgetDeficit #ParisCreditworthiness #ECB #FR
As things stand now, the AI investment boom will further cripple the already distressed state of public finances in most Western countries. Check my latest blog: AI's Multiple Ravaging of Public Finances https://t.co/NrYyBPNjxv #AIInvestment #PublicFinances #EconomicImpact #US #CA #GB #DE #FR #IT #NL #AU #NZ
THE understatement of the holliday season: the French minister of the Budget describes his country’s budget situation as a “powder keg”. France faces budget showdown as presidential election looms https://t.co/OzQMKnifHp via @ft #FranceBudget #EconomicCrisis #PresidentialElection #FR
Central bankers are once more facing a delicate situation. Leaning towards higher policy interest rates might well be the least bad option at this moment. Latest blog is live: Conundrum, Once Again https://t.co/5FPXNviwdw #CentralBanking #InterestRates #EconomicPolicy #Nospecificcountrycodescanbeidentifiedinthetweet.
It is now abundantly clear that there is a very large majority within the EU to significantly strengthen the external borders and accelerate the expulsion of illegal migrants. This priority must be explicitly reflected in the new EU multiannual budget. (translated)
How long will the EU tolerate Sanchez's antics? The Union is plunging into a true new migration crisis. Already 3 years without a budget submitted, serious doubts about the use of European funds, practically his entire environment involved in corruption scandals, etc. etc. etc. (translated)
Russia and Iran can only keep their war machine running thanks to extensive Chinese support. China as the new guardian of the international order? The biggest lie of our time. (translated)
How crazy Trump sometimes acts and rambles, trust in China is a wrong choice. Beijing is cunning, shrewd, and determined to achieve dominance. (translated)
First, sell crude oil to India at greatly reduced prices, and now have to buy back gasoline at a very high price from that same India. Vladimir Putin, really a strategic genius. What a debacle! (translated)
This is exactly what will happen when the EU implements the highly sought-after 'digital tax'. The affected tech companies will simply pass on that tax to the consumer, especially the European one. A former professor of mine always called this 'the first lesson of economics'. (translated)
Another uppercut for Putin. The Russian president is still struggling to shake off the label of "loser of the decade." Party of pro-European Prime Minister Pashinyan wins elections in Armenia. (translated)
Earlier the air traffic controllers, now again the harbor pilots are on strike. The monopoly position of these groups costs society a lot. (translated)
It would be a huge mistake not to recognize the U.S. for what it is and will remain for the foreseeable future: a real superpower. Here's why. Don’t Count Uncle Sam Out https://t.co/7LERXs1Kt5 #Superpower #USPolitics #GlobalInfluence #US
All respect for what the majority of the Flemish think, but there is a difference. The USA is brutal and rude these days. China is cunning, ruthless, and focused on economic dominance, political dictatorship, and total control of the individual. I'd rather have the USA then. (translated)
Completely agree with these five. China is deliberately focusing on the complete hollowing out of our industrial fabric. (translated)
España lleva años sin Presupuestos y eso es inaceptable en la Eurozona. No sabemos sus cuentas y genera sospechas.
"This raises many questions. Exactly how many billions are involved? How can there be liquidity surpluses? How is its use subsequently controlled? Much indicates that the Commission has been 'caught' and is now improvising." (translated)
Claim it. Contact us at [email protected]
