Sander Tordoir
@sandertordoir.bsky.social
Chief economist @ Centre for European Reform. Eurozone macroeconomic policies | Role of 🇩🇪 🇳🇱 in EU. Formerly @ECB, @IMF, @Worldbank.
Pinned
Sander Tordoir
@sandertordoir.bsky.social
· Nov 18
Here is my starter pack on economics, trade and markets. Like others, my selection criterion was simple: these are minds I always learn from.
I'm sure I've missed many great accounts (still looking for some of my own friends). So please do suggest any additional names.
go.bsky.app/R2NdrtU
I'm sure I've missed many great accounts (still looking for some of my own friends). So please do suggest any additional names.
go.bsky.app/R2NdrtU
Reposted by Sander Tordoir
Wowza! That is policy impact right there ...
White smoke from Berlin: the coalition has agreed to tie new car purchase incentives to European preference rules - and work to align them across the EU.
A very smart move as @sandertordoir.bsky.social, @lucasguttenberg.bsky.social and I have argued here:
www.delorscentre.eu/fileadmin/2_...
A very smart move as @sandertordoir.bsky.social, @lucasguttenberg.bsky.social and I have argued here:
www.delorscentre.eu/fileadmin/2_...
November 28, 2025 at 10:41 AM
Wowza! That is policy impact right there ...
Reposted by Sander Tordoir
The US-Russia plan includes a $300bn signing bonus for the US in the form of Russia's central bank frozen assets - for @foreignpolicy.com I outline how the EU could curb Trump’s interest in the deal if the bloc rushes to seize these assets before America grabs them
foreignpolicy.com/2025/11/24/t...
foreignpolicy.com/2025/11/24/t...
The U.S.-Russia Plan Gives Trump a $300 Billion Signing Bonus
If Europe moves fast to seize Russian assets, it may be able to sink this bad deal.
foreignpolicy.com
November 24, 2025 at 5:40 PM
The US-Russia plan includes a $300bn signing bonus for the US in the form of Russia's central bank frozen assets - for @foreignpolicy.com I outline how the EU could curb Trump’s interest in the deal if the bloc rushes to seize these assets before America grabs them
foreignpolicy.com/2025/11/24/t...
foreignpolicy.com/2025/11/24/t...
Reposted by Sander Tordoir
Deze podcast zou Jettebal moeten luisteren. Alles wat het volgende kabinet moet doen zit er in. podcasts.apple.com/nl/podcast/b...
547 – Knopen doorhakken, hervormen en stevig investeren: het formatie-advies van Jeroen Dijsselbloem en Pieter Duisenberg
Podcastaflevering · Betrouwbare Bronnen · 26-11-2025 · 1u 36m
podcasts.apple.com
November 26, 2025 at 6:43 PM
Deze podcast zou Jettebal moeten luisteren. Alles wat het volgende kabinet moet doen zit er in. podcasts.apple.com/nl/podcast/b...
Reposted by Sander Tordoir
White smoke from Berlin: the coalition has agreed to tie new car purchase incentives to European preference rules - and work to align them across the EU.
A very smart move as @sandertordoir.bsky.social, @lucasguttenberg.bsky.social and I have argued here:
www.delorscentre.eu/fileadmin/2_...
A very smart move as @sandertordoir.bsky.social, @lucasguttenberg.bsky.social and I have argued here:
www.delorscentre.eu/fileadmin/2_...
November 28, 2025 at 10:12 AM
White smoke from Berlin: the coalition has agreed to tie new car purchase incentives to European preference rules - and work to align them across the EU.
A very smart move as @sandertordoir.bsky.social, @lucasguttenberg.bsky.social and I have argued here:
www.delorscentre.eu/fileadmin/2_...
A very smart move as @sandertordoir.bsky.social, @lucasguttenberg.bsky.social and I have argued here:
www.delorscentre.eu/fileadmin/2_...
🥹🥹
Die Koalition hat sich auf ein neues Förderprogramm für E-Autos geeinigt - und greift unseren Vorschlag mit @nilsredeker.bsky.social und @sandertordoir.bsky.social auf, darin EU-Local Content-Regeln einzuführen. Sehr guter Schritt. Jetzt noch wichtig: Diese Regeln in der EU gemeinsam abstimmen.
November 28, 2025 at 10:21 AM
🥹🥹
🥹
White smoke from Berlin: the coalition has agreed to tie new car purchase incentives to European preference rules - and work to align them across the EU.
A very smart move as @sandertordoir.bsky.social, @lucasguttenberg.bsky.social and I have argued here:
www.delorscentre.eu/fileadmin/2_...
A very smart move as @sandertordoir.bsky.social, @lucasguttenberg.bsky.social and I have argued here:
www.delorscentre.eu/fileadmin/2_...
November 28, 2025 at 10:20 AM
🥹
A pleasure to chair this panel on the great dedollarisation debate and how the euro’s role may or may not strengthen at the margin.
The second #CERditchley panel, chaired by @sandertordoir.bsky.social was on ‘Is the euro finally poised to rival the dollar?’ with Arnab Das, Barry Eichengreen and @helene-rey.bsky.social
November 28, 2025 at 8:14 AM
A pleasure to chair this panel on the great dedollarisation debate and how the euro’s role may or may not strengthen at the margin.
Reposted by Sander Tordoir
Last weekend we held the #CERditchley conference: the first panel chaired by @aslak.bsky.social was on ‘How can Europe save free trade?’ with @fraghi.bsky.social, Dirk Klaasen, Brad Setser & @johnspringford.bsky.social
November 27, 2025 at 1:00 PM
Last weekend we held the #CERditchley conference: the first panel chaired by @aslak.bsky.social was on ‘How can Europe save free trade?’ with @fraghi.bsky.social, Dirk Klaasen, Brad Setser & @johnspringford.bsky.social
Turns out I wasn’t the only one who thought this paper was an excellent x-ray of the UK economy.
It features prominently in Martin Wolfs new FT column
It features prominently in Martin Wolfs new FT column
November 24, 2025 at 5:55 PM
Turns out I wasn’t the only one who thought this paper was an excellent x-ray of the UK economy.
It features prominently in Martin Wolfs new FT column
It features prominently in Martin Wolfs new FT column
Reposted by Sander Tordoir
Also try to imagine where things have been if US level of support in the last 3 months of 2024 was there before as well and also not tying Ukraine's hands on what it can use where.
The United States is no longer providing any financial support for Ukraine according to Kiel's tracker - and has not been for a few months now (although I do wonder how one counts the intelligence support).
Europe is footing the bill alone.
Europe is footing the bill alone.
November 24, 2025 at 2:23 PM
Also try to imagine where things have been if US level of support in the last 3 months of 2024 was there before as well and also not tying Ukraine's hands on what it can use where.
Indeed!
Sander, this data shows *new* aid allocations. I think the U.S. intelligence support is still funded by allocations made by Biden.
There have been no allocations from Trump so far.
There have been no allocations from Trump so far.
November 24, 2025 at 7:23 AM
Indeed!
The United States is no longer providing any financial support for Ukraine according to Kiel's tracker - and has not been for a few months now (although I do wonder how one counts the intelligence support).
Europe is footing the bill alone.
Europe is footing the bill alone.
November 24, 2025 at 1:01 AM
The United States is no longer providing any financial support for Ukraine according to Kiel's tracker - and has not been for a few months now (although I do wonder how one counts the intelligence support).
Europe is footing the bill alone.
Europe is footing the bill alone.
Will cite the ECB paper that @tobiasgehrke.bsky.social immediately thought of.
“Over 80% of large European firms are no more than three intermediaries away from a Chinese rare earth producer.”
It will be similar for US firms - even if some are further ‘upstream’.
1/
“Over 80% of large European firms are no more than three intermediaries away from a Chinese rare earth producer.”
It will be similar for US firms - even if some are further ‘upstream’.
1/
piece claims China’s hold on rare earths (REE) is overblown because the US supposedly dominates the high end niches.
A simple challenge: If America had the REE upper hand why did Trump fold?
I think it overlooks China’s monopoly on refining.
1/
www.project-syndicate.org/commentary/b...
A simple challenge: If America had the REE upper hand why did Trump fold?
I think it overlooks China’s monopoly on refining.
1/
www.project-syndicate.org/commentary/b...
China’s Rare-Earth Own Goal
Daniel Gros explains why the country does not have nearly as much leverage in the sector as commonly believed.
www.project-syndicate.org
November 23, 2025 at 5:47 PM
Will cite the ECB paper that @tobiasgehrke.bsky.social immediately thought of.
“Over 80% of large European firms are no more than three intermediaries away from a Chinese rare earth producer.”
It will be similar for US firms - even if some are further ‘upstream’.
1/
“Over 80% of large European firms are no more than three intermediaries away from a Chinese rare earth producer.”
It will be similar for US firms - even if some are further ‘upstream’.
1/
piece claims China’s hold on rare earths (REE) is overblown because the US supposedly dominates the high end niches.
A simple challenge: If America had the REE upper hand why did Trump fold?
I think it overlooks China’s monopoly on refining.
1/
www.project-syndicate.org/commentary/b...
A simple challenge: If America had the REE upper hand why did Trump fold?
I think it overlooks China’s monopoly on refining.
1/
www.project-syndicate.org/commentary/b...
China’s Rare-Earth Own Goal
Daniel Gros explains why the country does not have nearly as much leverage in the sector as commonly believed.
www.project-syndicate.org
November 23, 2025 at 5:45 PM
piece claims China’s hold on rare earths (REE) is overblown because the US supposedly dominates the high end niches.
A simple challenge: If America had the REE upper hand why did Trump fold?
I think it overlooks China’s monopoly on refining.
1/
www.project-syndicate.org/commentary/b...
A simple challenge: If America had the REE upper hand why did Trump fold?
I think it overlooks China’s monopoly on refining.
1/
www.project-syndicate.org/commentary/b...
Wonderful write-up by @erikfossingnielsen.bsky.social on a fascinating fiery debate at CERs annual economics conference this weekend (so fast Erik!)
Should Europe use incentives to pull some of our capital exports back home rather than fund Americas deficits?
independenteconomics.substack.com
Should Europe use incentives to pull some of our capital exports back home rather than fund Americas deficits?
independenteconomics.substack.com
Sunday Wrap by Erik F. Nielsen | IndependentEconomics | Substack
I write about economics, policies and markets - trying to connect the dots. Click to read Sunday Wrap by Erik F. Nielsen, a Substack publication with thousands of subscribers.
independenteconomics.substack.com
November 23, 2025 at 2:03 PM
Wonderful write-up by @erikfossingnielsen.bsky.social on a fascinating fiery debate at CERs annual economics conference this weekend (so fast Erik!)
Should Europe use incentives to pull some of our capital exports back home rather than fund Americas deficits?
independenteconomics.substack.com
Should Europe use incentives to pull some of our capital exports back home rather than fund Americas deficits?
independenteconomics.substack.com
There’s little China can offer Germany right now, given that Beijing doesn’t want to rebalance its economy.
Ample supply and a desire to invest in German assets is coming anyway.
Still, good for Klingbeil to dial down tensions - as I told Bloomberg.
www.bloomberg.com/news/article...
Ample supply and a desire to invest in German assets is coming anyway.
Still, good for Klingbeil to dial down tensions - as I told Bloomberg.
www.bloomberg.com/news/article...
Germany Keeps Doors Open in China But Has Nothing to Show for It
Lars Klingbeil’s attempt to reset German ties with China has done little more than showcase the weakness of Europe’s biggest economy in engaging with its Asian counterpart.
www.bloomberg.com
November 22, 2025 at 7:33 AM
There’s little China can offer Germany right now, given that Beijing doesn’t want to rebalance its economy.
Ample supply and a desire to invest in German assets is coming anyway.
Still, good for Klingbeil to dial down tensions - as I told Bloomberg.
www.bloomberg.com/news/article...
Ample supply and a desire to invest in German assets is coming anyway.
Still, good for Klingbeil to dial down tensions - as I told Bloomberg.
www.bloomberg.com/news/article...
Reposted by Sander Tordoir
I defer to @paullucas.bsky.social on this obviously, but amazing and wonderful Lufthansa has to have the most diverse fleet of four-holers on the planet. Just in this photo you have B747-400, B747-8 and A340-600. They also have A340-300 but I don’t think there’s one in this photo…
November 20, 2025 at 9:03 AM
I defer to @paullucas.bsky.social on this obviously, but amazing and wonderful Lufthansa has to have the most diverse fleet of four-holers on the planet. Just in this photo you have B747-400, B747-8 and A340-600. They also have A340-300 but I don’t think there’s one in this photo…
Reposted by Sander Tordoir
In Beijing's vision, Europe's role remains that of a supplier of foodstuffs that keeps its markets open to Chinese products & investments. Premier Li Qiang already fobbed off Olaf Scholz in 2024 with trade concessions for apples and beef, saying: “Moderate overcapacity promotes competition & ensures
November 20, 2025 at 11:47 AM
In Beijing's vision, Europe's role remains that of a supplier of foodstuffs that keeps its markets open to Chinese products & investments. Premier Li Qiang already fobbed off Olaf Scholz in 2024 with trade concessions for apples and beef, saying: “Moderate overcapacity promotes competition & ensures
Reposted by Sander Tordoir
Great rundown by @martinsandbu.ft.com on the complex roots of Germany’s economic malaise - plus a very welcome shout-out to our proposal with @sandertordoir.bsky.social and @lucasguttenberg.bsky.social for coordinated Buy European EV clauses as part of the fix.
on.ft.com/4plaPvt
on.ft.com/4plaPvt
November 20, 2025 at 7:40 PM
Great rundown by @martinsandbu.ft.com on the complex roots of Germany’s economic malaise - plus a very welcome shout-out to our proposal with @sandertordoir.bsky.social and @lucasguttenberg.bsky.social for coordinated Buy European EV clauses as part of the fix.
on.ft.com/4plaPvt
on.ft.com/4plaPvt
The Economists new cover.
November 20, 2025 at 6:38 PM
The Economists new cover.
Thorsten Benner not mincing his words. Hard hitting piece on China eating Germanys lunch and the woefully inadequate response.
The Scholz-Li Qiang anecdote is stunning.
www.handelsblatt.com/meinung/kolu...
The Scholz-Li Qiang anecdote is stunning.
www.handelsblatt.com/meinung/kolu...
November 20, 2025 at 11:42 AM
Thorsten Benner not mincing his words. Hard hitting piece on China eating Germanys lunch and the woefully inadequate response.
The Scholz-Li Qiang anecdote is stunning.
www.handelsblatt.com/meinung/kolu...
The Scholz-Li Qiang anecdote is stunning.
www.handelsblatt.com/meinung/kolu...
Reposted by Sander Tordoir
Death, taxes, and China property stimulus.
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
November 20, 2025 at 10:34 AM
Death, taxes, and China property stimulus.
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
Reposted by Sander Tordoir
In Kernbereichen der deutschen Wirtschaft, allen voran der Automotive-Sektor, drohen unter einem „zweiten China Schock“ (wie etwa Ökonom @sandertordoir.bsky.social titelte) die Lichter auszugehen.
buff.ly/XfuBRmj
buff.ly/XfuBRmj
Was an den Energie-Subventionen falsch ist
Die Wirtschaftspolitik in Deutschland verfolge die falsche Philosophie, schreibt ein Ökonom.
www.thepioneer.de
November 20, 2025 at 11:00 AM
In Kernbereichen der deutschen Wirtschaft, allen voran der Automotive-Sektor, drohen unter einem „zweiten China Schock“ (wie etwa Ökonom @sandertordoir.bsky.social titelte) die Lichter auszugehen.
buff.ly/XfuBRmj
buff.ly/XfuBRmj
Reposted by Sander Tordoir
And what is worse is that PHEV also exploit a tax loophole as their actual emissions are much higher than the emissions used for emissions based motor taxes (stick a small electric motor into a large ICE SUV and reduce the motor tax). The result if a loss to the exchequer and higher emissions.
I’ve been saying this on panels recently.
Europes EV tariffs are starting to fail. China is simply switching to exporting hybrids which weren’t under the duty.
I’m not convinced the EU can fully avoid a broader duty on all Chinese cars (EV Hybrid and ICE) - who all get subsidised anyway.
Europes EV tariffs are starting to fail. China is simply switching to exporting hybrids which weren’t under the duty.
I’m not convinced the EU can fully avoid a broader duty on all Chinese cars (EV Hybrid and ICE) - who all get subsidised anyway.
November 20, 2025 at 10:58 AM
And what is worse is that PHEV also exploit a tax loophole as their actual emissions are much higher than the emissions used for emissions based motor taxes (stick a small electric motor into a large ICE SUV and reduce the motor tax). The result if a loss to the exchequer and higher emissions.
Of course an alternative or flanking policy is equipping Europes sizeable EV and corporate car subsidies with European preferences.
A symmetric response to Chinas policies.
For more on that see our recent paper: www.cer.eu/publications...
A symmetric response to Chinas policies.
For more on that see our recent paper: www.cer.eu/publications...
November 20, 2025 at 10:51 AM
Of course an alternative or flanking policy is equipping Europes sizeable EV and corporate car subsidies with European preferences.
A symmetric response to Chinas policies.
For more on that see our recent paper: www.cer.eu/publications...
A symmetric response to Chinas policies.
For more on that see our recent paper: www.cer.eu/publications...