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tokarski.bsky.social
Paweł Tokarski
@tokarski.bsky.social
590 followers 310 following 210 posts
Money and politics, monetary integration in the EU, with a focus on France and Italy, at the SWP think tank in Berlin. PhD in economics, College of Europe (Natolin) Alumnus Views expressed are my own
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tokarski.bsky.social
Paweł Tokarski @tokarski.bsky.social · 1d
I would bet on different interpretation: look at the inflation data in PL and the central bank's mistakes in this area in the past.
Public debt: see Fitch's commentary from September.
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Reposted by Paweł Tokarski
swp-berlin.org
Stiftung Wissenschaft und Politik (SWP) @swp-berlin.org · 2d
The US under President Trump is moving from liberal democracy towards an authoritarian state. Johannes Thimm analyses whether US institutions are resilient enough to withstand Trump's second term and what the erosion of democracy means for Europe🎧🎙️ www.swp-berlin.org/publikation/...
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tokarski.bsky.social
Paweł Tokarski @tokarski.bsky.social · 2d
Debt is not a problem as long as there are those who want to buy your bonds at an interest rate you can afford. That may change quickly :)
The interest rates on Polish bonds are much higher than in the eurozone.
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tokarski.bsky.social
Paweł Tokarski @tokarski.bsky.social · 2d
I think that with each new chapter in the crisis in France, the market will seek a new equilibrium point, a fraction of a percentage point higher.
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tokarski.bsky.social
Paweł Tokarski @tokarski.bsky.social · 2d
Have you checked where public debt to GDP grew faster, in Poland or in the US?
In Poland, it is growing the fastest in the EU.
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tokarski.bsky.social
Paweł Tokarski @tokarski.bsky.social · 2d
I would be very cautious about holding up Italy's fiscal policy as a model.
Check out the ‘Superbonus’ subsidy scheme.
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Reposted by Paweł Tokarski
tokarski.bsky.social
Paweł Tokarski @tokarski.bsky.social · 11d
Stablecoins are another issue that the United States and the European Union disagree on.

www.ft.com/content/6412...
US and Eurozone central bankers divided over stablecoins
Fed governor Christopher Waller endorses digital tokens at Frankfurt conference while Bundesbank president Joachim Nagel expresses caution
www.ft.com
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tokarski.bsky.social
Paweł Tokarski @tokarski.bsky.social · 11d
Stablecoins are another issue that the United States and the European Union disagree on.

www.ft.com/content/6412...
US and Eurozone central bankers divided over stablecoins
Fed governor Christopher Waller endorses digital tokens at Frankfurt conference while Bundesbank president Joachim Nagel expresses caution
www.ft.com
1
Reposted by Paweł Tokarski
tokarski.bsky.social
Paweł Tokarski @tokarski.bsky.social · 22d
How many digital euros will each of us be able to hold?
The digital euro is set to be discussed at the Eurogroup/ECOFIN meeting in Copenhagen. The EU progress is very slow, especially given China's advances in this area. In this paper we compared both projects.

www.swp-berlin.org/publikation/...
The Digitalisation of Central Bank Money
China Advances while Europe Hesitates
www.swp-berlin.org
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tokarski.bsky.social
Paweł Tokarski @tokarski.bsky.social · 22d
How many digital euros will each of us be able to hold?
The digital euro is set to be discussed at the Eurogroup/ECOFIN meeting in Copenhagen. The EU progress is very slow, especially given China's advances in this area. In this paper we compared both projects.

www.swp-berlin.org/publikation/...
The Digitalisation of Central Bank Money
China Advances while Europe Hesitates
www.swp-berlin.org
3 7 23
Reposted by Paweł Tokarski
tokarski.bsky.social
Paweł Tokarski @tokarski.bsky.social · 23d
Europe is becoming a continent that is ungovernable.

www.bloomberg.com/news/article...
Across Germany, France, Poland and the UK, Europe Is Becoming Ungovernable
Too many of Europe’s leaders just can’t get stuff done anymore.
www.bloomberg.com
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tokarski.bsky.social
Paweł Tokarski @tokarski.bsky.social · 23d
Europe is becoming a continent that is ungovernable.

www.bloomberg.com/news/article...
Across Germany, France, Poland and the UK, Europe Is Becoming Ungovernable
Too many of Europe’s leaders just can’t get stuff done anymore.
www.bloomberg.com
1
tokarski.bsky.social
Paweł Tokarski @tokarski.bsky.social · 23d
Interest rates on French and Italian 10-year bonds are almost at the same level.
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Reposted by Paweł Tokarski
tokarski.bsky.social
Paweł Tokarski @tokarski.bsky.social · 23d
There are mass protests in France today against budget cuts and Macron.
Meanwhile, the yield on French 10-year bonds has risen above 3.5%.

www.france24.com/fr/france/20...
En direct : "Déjà un succès", selon la CGT, les syndicats se félicitent d'une forte mobilisation
La leader de la CGT, Sophie Binet, a estimé jeudi que la journée de grève à l'appel de l'intersyndicale était "déjà un succès", tandis que son homologue de la CFDT, Marylise Léon, a lancé "un avertiss...
www.france24.com
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tokarski.bsky.social
Paweł Tokarski @tokarski.bsky.social · 23d
There are mass protests in France today against budget cuts and Macron.
Meanwhile, the yield on French 10-year bonds has risen above 3.5%.

www.france24.com/fr/france/20...
En direct : "Déjà un succès", selon la CGT, les syndicats se félicitent d'une forte mobilisation
La leader de la CGT, Sophie Binet, a estimé jeudi que la journée de grève à l'appel de l'intersyndicale était "déjà un succès", tandis que son homologue de la CFDT, Marylise Léon, a lancé "un avertiss...
www.france24.com
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Reposted by Paweł Tokarski
tokarski.bsky.social
Paweł Tokarski @tokarski.bsky.social · 23d
Russia: one of the most transparent countries on the planet

"Almost everything is for sale – from tax returns and auto insurance forms to property deeds and flight itineraries."

theins.ru/en/inv/284980
Our Jan in Moscow: The secret Russian life of Europe's most notorious fugitive-turned-spy
Ever since the summer of 2020, when German payments giant Wirecard collapsed after failing to account for €1.9 billion in missing assets, its former COO Jan Marsalek has been a wanted man. The Insider...
theins.ru
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tokarski.bsky.social
Paweł Tokarski @tokarski.bsky.social · 23d
Russia: one of the most transparent countries on the planet

"Almost everything is for sale – from tax returns and auto insurance forms to property deeds and flight itineraries."

theins.ru/en/inv/284980
Our Jan in Moscow: The secret Russian life of Europe's most notorious fugitive-turned-spy
Ever since the summer of 2020, when German payments giant Wirecard collapsed after failing to account for €1.9 billion in missing assets, its former COO Jan Marsalek has been a wanted man. The Insider...
theins.ru
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Reposted by Paweł Tokarski
michlalbrt.bsky.social
Michael Albert @michlalbrt.bsky.social · 24d
In kaum einem Land ist Vermögen so ungleich verteilt wie in Deutschland. Die reichsten zehn Prozent der Bevölkerung besitzen sagenhafte 11,4 Billionen Euro – und werden immer reicher. Sparen aber will die Regierung bei den Ärmsten.
www.t-online.de/nachrichten/...
Grafik, welche die Entwicklung der Vermögensverteilung in Deutschland seit 2010 zeigt. Der Anteil des Vermögens der oberen zehn Prozent am Gesamtvermögen steigt kontinuierlich an. Aktuell besitzen die oberen zehn Prozent der Bevölkerung 11,4 Billionen Euro, die unteren 50 Prozent lediglich 0,48 Billionen Euro (Stand: 1. Quartal 2025, Quelle: EZB).
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Reposted by Paweł Tokarski
tokarski.bsky.social
Paweł Tokarski @tokarski.bsky.social · 29d
French 10-year bonds around 3.5%, the market anticipating a credit rating downgrade today.
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tokarski.bsky.social
Paweł Tokarski @tokarski.bsky.social · 29d
French 10-year bonds around 3.5%, the market anticipating a credit rating downgrade today.
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tokarski.bsky.social
Paweł Tokarski @tokarski.bsky.social · Sep 10
With all respect, I spent 10 years of my life in a centrally planned economy, and believe me, that's not the way to go.
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Reposted by Paweł Tokarski
tokarski.bsky.social
Paweł Tokarski @tokarski.bsky.social · Sep 10
Polish politics is a total mess, but Putin and his drones have instantly managed to unite everyone.
Congratulations, Vlad.

www.bbc.com/news/live/c2...
Poland shoots down Russian drones after 'huge number' violated airspace, PM says - live updates
Poland's military says the country's airspace was
www.bbc.com
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tokarski.bsky.social
Paweł Tokarski @tokarski.bsky.social · Sep 10
Polish politics is a total mess, but Putin and his drones have instantly managed to unite everyone.
Congratulations, Vlad.

www.bbc.com/news/live/c2...
Poland shoots down Russian drones after 'huge number' violated airspace, PM says - live updates
Poland's military says the country's airspace was
www.bbc.com
1 2 8
Reposted by Paweł Tokarski
tokarski.bsky.social
Paweł Tokarski @tokarski.bsky.social · Sep 9
I think France's main problem is denying the reality by most of the people that the omnipresent state model, based on credit,in a situation of rising interest rates, is a path to nowhere.
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tokarski.bsky.social
Paweł Tokarski @tokarski.bsky.social · Sep 9
I think France's main problem is denying the reality by most of the people that the omnipresent state model, based on credit,in a situation of rising interest rates, is a path to nowhere.
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