Lasse Boehm
@boehmlasse.bsky.social
Head, Economic Governance and EMU Scrutiny Unit, European Parliament. Supporting the Committee on Economic and Monetary Affairs. Comments on EU economic policy coordination, Capital Markets Union, energy and industrial policy. Personal account.
The German Council
of Economic Experts in its annual report out today calls for more centralised capital market supervision by ESMA, as well as a safe asset
of Economic Experts in its annual report out today calls for more centralised capital market supervision by ESMA, as well as a safe asset
November 12, 2025 at 8:46 PM
The German Council
of Economic Experts in its annual report out today calls for more centralised capital market supervision by ESMA, as well as a safe asset
of Economic Experts in its annual report out today calls for more centralised capital market supervision by ESMA, as well as a safe asset
During the night and on the morning of 11 Nov 1918 as many as 11.000 soldiers of all sides are estimated to have been killed and wounded before the #armistice took effect at 11am.
The sheer scale of #WWI is unimaginable.
The sheer scale of #WWI is unimaginable.
November 11, 2025 at 8:28 PM
During the night and on the morning of 11 Nov 1918 as many as 11.000 soldiers of all sides are estimated to have been killed and wounded before the #armistice took effect at 11am.
The sheer scale of #WWI is unimaginable.
The sheer scale of #WWI is unimaginable.
A reminder that the #energy transition is not driven by what is possible technologically, but by what is available in abundance and *at affordable prices*.
Solar power continues to surge, driven by low costs in China:
www.iea.org/news/global-...
Solar power continues to surge, driven by low costs in China:
www.iea.org/news/global-...
October 13, 2025 at 1:29 PM
A reminder that the #energy transition is not driven by what is possible technologically, but by what is available in abundance and *at affordable prices*.
Solar power continues to surge, driven by low costs in China:
www.iea.org/news/global-...
Solar power continues to surge, driven by low costs in China:
www.iea.org/news/global-...
How big a problem are non-performing loans of smaller banks? Take a look at our latest EGOV briefing, accompanying today’s ECON hearing of Claudia Buch, Chair of the ECB supervisory board: www.europarl.europa.eu/RegData/etud...
www.europarl.europa.eu
October 13, 2025 at 1:04 PM
How big a problem are non-performing loans of smaller banks? Take a look at our latest EGOV briefing, accompanying today’s ECON hearing of Claudia Buch, Chair of the ECB supervisory board: www.europarl.europa.eu/RegData/etud...
Live now: @ecb.europa.eu President Lagarde speaking to the Committee on Economic and Monetary Affairs @europarl.europa.eu .
Livestream here: multimedia.europarl.europa.eu/fr/webstream...
Livestream here: multimedia.europarl.europa.eu/fr/webstream...
Committee on Economic and Monetary Affairs Extraordinary Meeting – Monetary Dialogue - Multimedia Centre
La plateforme multimédia du Parlement européen est le référentiel officiel accessible au public pour la production médiatique du Secrétariat du Parlement européen, géré par la Direction générale de la...
multimedia.europarl.europa.eu
October 6, 2025 at 5:14 PM
Live now: @ecb.europa.eu President Lagarde speaking to the Committee on Economic and Monetary Affairs @europarl.europa.eu .
Livestream here: multimedia.europarl.europa.eu/fr/webstream...
Livestream here: multimedia.europarl.europa.eu/fr/webstream...
“we are considering a proposal to transfer supervisory powers to ESMA for the most significant cross-border entities…”: central counterparties, central securities depositories, trading venues - and crypto asset service providers.
— Commissioner Albuquerque at #Eurofi today
— Commissioner Albuquerque at #Eurofi today
September 18, 2025 at 6:43 PM
“we are considering a proposal to transfer supervisory powers to ESMA for the most significant cross-border entities…”: central counterparties, central securities depositories, trading venues - and crypto asset service providers.
— Commissioner Albuquerque at #Eurofi today
— Commissioner Albuquerque at #Eurofi today
One of the more useful benchmarks to measure the implementation of the #Draghi report is the EEC’s approach to the single market in the 1980s.
The June ‘85 EUCO green-lighted a precise programme with (interim) deadlines and sectoral actions, and of course the famous 1992 date for completion.
The June ‘85 EUCO green-lighted a precise programme with (interim) deadlines and sectoral actions, and of course the famous 1992 date for completion.
September 16, 2025 at 11:23 AM
One of the more useful benchmarks to measure the implementation of the #Draghi report is the EEC’s approach to the single market in the 1980s.
The June ‘85 EUCO green-lighted a precise programme with (interim) deadlines and sectoral actions, and of course the famous 1992 date for completion.
The June ‘85 EUCO green-lighted a precise programme with (interim) deadlines and sectoral actions, and of course the famous 1992 date for completion.
New boost for the debate on Capital Markets Union: the @europarl.europa.eu adopted its position on the #Draghi report and CMU, which requires a series of mutually reinforcing measures incl supervisory convergence (ESMA!), addressing fragmented insolvency frameworks, and a debate over a safe asset
September 10, 2025 at 1:51 PM
New boost for the debate on Capital Markets Union: the @europarl.europa.eu adopted its position on the #Draghi report and CMU, which requires a series of mutually reinforcing measures incl supervisory convergence (ESMA!), addressing fragmented insolvency frameworks, and a debate over a safe asset
Today’s CISAF EU state aid provisions to subsidise electricity prices for energy-intensive industries, up to max 3yrs.
June 25, 2025 at 7:50 PM
Today’s CISAF EU state aid provisions to subsidise electricity prices for energy-intensive industries, up to max 3yrs.
To put this into perspective: all 2025 EU budget payment appropriations taken together are €155bln.
Even if only a small(ish) share of the future DE defence budget goes into procurement of new kit, this will shift the needle - but will investment be European or national?
bsky.app/profile/nvon...
Even if only a small(ish) share of the future DE defence budget goes into procurement of new kit, this will shift the needle - but will investment be European or national?
bsky.app/profile/nvon...
German finance ministry gave Friedrich Merz a present to bring along to the NATO summit - concrete plans to raise defence spending to 2.4% of GDP this year, and 3.5% in 2029, a whopping ~€150bn:
BMF Plan für das Anwachsen der Verteidigungsausgaben. That’s a lot of money
June 23, 2025 at 5:39 PM
To put this into perspective: all 2025 EU budget payment appropriations taken together are €155bln.
Even if only a small(ish) share of the future DE defence budget goes into procurement of new kit, this will shift the needle - but will investment be European or national?
bsky.app/profile/nvon...
Even if only a small(ish) share of the future DE defence budget goes into procurement of new kit, this will shift the needle - but will investment be European or national?
bsky.app/profile/nvon...
The single market won’t be complete without a full capital markets union.
But just how much Draghi, Letta and Noyer is in the @ec.europa.eu Savings and Investment Union?
The EGOV team compared the SIU to the three reports:
www.europarl.europa.eu/RegData/etud...
But just how much Draghi, Letta and Noyer is in the @ec.europa.eu Savings and Investment Union?
The EGOV team compared the SIU to the three reports:
www.europarl.europa.eu/RegData/etud...
www.europarl.europa.eu
May 21, 2025 at 6:09 AM
The single market won’t be complete without a full capital markets union.
But just how much Draghi, Letta and Noyer is in the @ec.europa.eu Savings and Investment Union?
The EGOV team compared the SIU to the three reports:
www.europarl.europa.eu/RegData/etud...
But just how much Draghi, Letta and Noyer is in the @ec.europa.eu Savings and Investment Union?
The EGOV team compared the SIU to the three reports:
www.europarl.europa.eu/RegData/etud...
What can the EU/euro area do if there ever is a Mar-a-Lago policy linking the Dollar exchange rate with trade or security objectives?
Read our latest EGOV briefing on euro area legal options, institutional framework and exchange rate history:
www.europarl.europa.eu/RegData/etud...
Read our latest EGOV briefing on euro area legal options, institutional framework and exchange rate history:
www.europarl.europa.eu/RegData/etud...
www.europarl.europa.eu
April 10, 2025 at 3:28 PM
What can the EU/euro area do if there ever is a Mar-a-Lago policy linking the Dollar exchange rate with trade or security objectives?
Read our latest EGOV briefing on euro area legal options, institutional framework and exchange rate history:
www.europarl.europa.eu/RegData/etud...
Read our latest EGOV briefing on euro area legal options, institutional framework and exchange rate history:
www.europarl.europa.eu/RegData/etud...
How does future #defence spending affect the EU’s economic governance framework?
Read our updated EGOV briefing, which explains the relevant fiscal flexibility provisions, discusses possible consequences, and looks at alternative financing options:
www.europarl.europa.eu/RegData/etud...
Read our updated EGOV briefing, which explains the relevant fiscal flexibility provisions, discusses possible consequences, and looks at alternative financing options:
www.europarl.europa.eu/RegData/etud...
www.europarl.europa.eu
March 27, 2025 at 5:42 PM
How does future #defence spending affect the EU’s economic governance framework?
Read our updated EGOV briefing, which explains the relevant fiscal flexibility provisions, discusses possible consequences, and looks at alternative financing options:
www.europarl.europa.eu/RegData/etud...
Read our updated EGOV briefing, which explains the relevant fiscal flexibility provisions, discusses possible consequences, and looks at alternative financing options:
www.europarl.europa.eu/RegData/etud...
👇Imp points here by Nicolai & The Economist. There is a physical reality to defence which makes it different to, say, coming up with a few billions to calm fin markets in a crisis of confidence. Defence is very much the real economy, not just a subset of market psychology.
bsky.app/profile/nvon...
bsky.app/profile/nvon...
"There is no such thing as a free tank" - strong line by @spignal.bsky.social.
And part of the reason I think SAFE is the pretext to a discussion on joint EU borrowing for defence.
And part of the reason I think SAFE is the pretext to a discussion on joint EU borrowing for defence.
Great piece by @spignal.bsky.social, on how Europeans still hope that "magic finance" could help scale up defence on the cheap. It can't; we need more orders from governments, and bc this is expensive we need to coordinate procurement. Also on embarrassing Italian and Spanish attempts to free-ride.
March 21, 2025 at 9:04 AM
👇Imp points here by Nicolai & The Economist. There is a physical reality to defence which makes it different to, say, coming up with a few billions to calm fin markets in a crisis of confidence. Defence is very much the real economy, not just a subset of market psychology.
bsky.app/profile/nvon...
bsky.app/profile/nvon...
#EUCO conclusions on the crucial issue of EU supervision of financial markets.
Note the emphasis on “convergence” (rather than shifting competences), “taking into account the interests of all Member States”, and EC “as appropriate” putting forward a proposal. Not exactly a firework of enthusiasm.
Note the emphasis on “convergence” (rather than shifting competences), “taking into account the interests of all Member States”, and EC “as appropriate” putting forward a proposal. Not exactly a firework of enthusiasm.
March 21, 2025 at 8:08 AM
#EUCO conclusions on the crucial issue of EU supervision of financial markets.
Note the emphasis on “convergence” (rather than shifting competences), “taking into account the interests of all Member States”, and EC “as appropriate” putting forward a proposal. Not exactly a firework of enthusiasm.
Note the emphasis on “convergence” (rather than shifting competences), “taking into account the interests of all Member States”, and EC “as appropriate” putting forward a proposal. Not exactly a firework of enthusiasm.
Unlike many other policy areas which at least in part depend on exogenous factors (e.g. security), success or failure of the Capital Markets/Savings and Investment Union will be entirely of the #EU's own making. As such it is also a measure of the state of + willingness for, further EU integration.
March 19, 2025 at 3:03 PM
Unlike many other policy areas which at least in part depend on exogenous factors (e.g. security), success or failure of the Capital Markets/Savings and Investment Union will be entirely of the #EU's own making. As such it is also a measure of the state of + willingness for, further EU integration.
Reposted by Lasse Boehm
As the original Congress of Vienna powers discovered in the century that followed, a Congress system is neither a static or a stable framework
March 18, 2025 at 9:17 PM
As the original Congress of Vienna powers discovered in the century that followed, a Congress system is neither a static or a stable framework
Why Germany needs the EU in a protectionist dog-eat-dog world:
March 18, 2025 at 4:51 PM
Why Germany needs the EU in a protectionist dog-eat-dog world:
We now know there will be a German bazooka, but the jury is still out on 2 crucial questions:
1. Will it be a European defence-industrial bazooka or a purely national one?
2. Will it be a game-changer for the competitive transition of the EU economy or bright but short fireworks?
1. Will it be a European defence-industrial bazooka or a purely national one?
2. Will it be a game-changer for the competitive transition of the EU economy or bright but short fireworks?
March 18, 2025 at 4:06 PM
We now know there will be a German bazooka, but the jury is still out on 2 crucial questions:
1. Will it be a European defence-industrial bazooka or a purely national one?
2. Will it be a game-changer for the competitive transition of the EU economy or bright but short fireworks?
1. Will it be a European defence-industrial bazooka or a purely national one?
2. Will it be a game-changer for the competitive transition of the EU economy or bright but short fireworks?
ECB watchers and tariffs/macro crowd: Join us today 13:15 CET online for the ECON committee’s Monetary Dialogue prep meeting which will discuss
- the ECB’s monetary policy stance and
- The impact of US tariffs on the euro area economy.
Livestream: multimedia.europarl.europa.eu/en/webstream...
- the ECB’s monetary policy stance and
- The impact of US tariffs on the euro area economy.
Livestream: multimedia.europarl.europa.eu/en/webstream...
March 18, 2025 at 9:17 AM
ECB watchers and tariffs/macro crowd: Join us today 13:15 CET online for the ECON committee’s Monetary Dialogue prep meeting which will discuss
- the ECB’s monetary policy stance and
- The impact of US tariffs on the euro area economy.
Livestream: multimedia.europarl.europa.eu/en/webstream...
- the ECB’s monetary policy stance and
- The impact of US tariffs on the euro area economy.
Livestream: multimedia.europarl.europa.eu/en/webstream...
Personal news: Today I took over the Economic Governance and EMU Scrutiny Unit (EGOV) @europarl.europa.eu, providing analysis for the Committee on Economic and Monetary Affairs esp on EU economic policy coordination, monetary policy and banking supervision.
March 17, 2025 at 8:36 PM
Personal news: Today I took over the Economic Governance and EMU Scrutiny Unit (EGOV) @europarl.europa.eu, providing analysis for the Committee on Economic and Monetary Affairs esp on EU economic policy coordination, monetary policy and banking supervision.
A few thoughts on the #Monnet method on the anniversary of his death:
1/ For all his globalism, M operated - by necessity - through and within national frameworks. The Schuman Declaration captured and channeled French ambitions, insecurities, but also strengths and turned them into European ones.
1/ For all his globalism, M operated - by necessity - through and within national frameworks. The Schuman Declaration captured and channeled French ambitions, insecurities, but also strengths and turned them into European ones.
March 16, 2025 at 1:24 PM
A few thoughts on the #Monnet method on the anniversary of his death:
1/ For all his globalism, M operated - by necessity - through and within national frameworks. The Schuman Declaration captured and channeled French ambitions, insecurities, but also strengths and turned them into European ones.
1/ For all his globalism, M operated - by necessity - through and within national frameworks. The Schuman Declaration captured and channeled French ambitions, insecurities, but also strengths and turned them into European ones.
JUST IN: Federal officials placed 1,000 employees at Voice of America on indefinite paid leave, while severing contracts with Radio Free Asia and other U.S.-funded networks.
'Bloody Saturday' at Voice of America and other U.S.-funded networks
Federal officials placed 1,000 employees at Voice of America on indefinite paid leave, while severing contracts with Radio Free Asia and other U.S.-funded networks.
www.npr.org
March 15, 2025 at 8:23 PM
Reposted by Lasse Boehm
This argument goes back to Eisenhower and de Gaulle (at least).
It omits one big factor, the European theatre is a tactical issue for the US, but a strategic one for France.
Which is why de Gaulle (infamously) pointed out to Eisenhower that the Rhine was narrower than the Atlantic.
It omits one big factor, the European theatre is a tactical issue for the US, but a strategic one for France.
Which is why de Gaulle (infamously) pointed out to Eisenhower that the Rhine was narrower than the Atlantic.
In a potential nuclear showdown, Macron would surely not risk Paris for Vilnius, just as Trump would not be willing to sacrifice Los Angeles for Tallinn’ | Krzysztof Tyszka-Drozdowski
Europe's nuclear delusion
"Extended deterrence remains a liberal myth." Pallava Bagla/Corbis via Getty Images.
buff.ly
March 7, 2025 at 12:04 PM
This argument goes back to Eisenhower and de Gaulle (at least).
It omits one big factor, the European theatre is a tactical issue for the US, but a strategic one for France.
Which is why de Gaulle (infamously) pointed out to Eisenhower that the Rhine was narrower than the Atlantic.
It omits one big factor, the European theatre is a tactical issue for the US, but a strategic one for France.
Which is why de Gaulle (infamously) pointed out to Eisenhower that the Rhine was narrower than the Atlantic.