Our recent paper on how to finance the French rearmament and other priorities by 2030 is now available in English: www.strategie-plan.gouv.fr/en/publicati...

Pour que les Français acceptent la nécessaire consolidation des finances publiques, il faut que la charge en soit équitablement répartie. Ma tribune @lemonde avec O. Blanchard et G. Zucman.
www.lemonde.fr/idees/articl...

Mon département à @francestrategie.bsky.social est à la recherche d'un(e) économiste. Celui/celle-ci exercera notamment le rôle de rapporteur du CNP. Les détails du poste sont disponibles ici : www.strategie.gouv.fr/offres-dempl... N'hésitez pas à partager l'offre avec vos réseaux !

This is what Trump's "economists" say about how they calculated the "reciprocal" tariffs. Don[t be fooled by the equation. They commit countless crimes against economics. ustr.gov/issue-areas/... +

Human blood 8.5% ?

Do you want to better understand EU’s rearming attempt?

Best explainer by @euobserver.com laying down the baseline of EU-27 military imports

euobserver.com/eu-and-the-w...

The debate over how much of the (1,5, 150, soon more) €bn should be spent on EU vs non-EU defence manufacturers is about to move decisively in France's direction

Macron just has to sit back at this point. Trump is winning the argument for him 🇪🇺🇫🇷

In the pandemic timeline, we are now in early April 2020. This is when the Commission put SURE on the table (and around the same time, the fiscal rules were unplugged). Five weeks later, Macron and Merkel put NGEU on the table. This is where this should be headed eventually as well.

Well, as America implodes from within, it’d be a *great* time for the EU to finally do official Eurobonds. It’d likely be very attractive as a safe haven given the destruction of US hegemony & spillover to US T-bills. Bonus: Eurobonds can finance a desperately needed European security build up! 🇪🇺💶 ‼️

Lots of over-engineered debt brake proposals around. Nothing easy off the shelf. Except….

….Just getting rid of it.

Fits really well in the spirit of deregulation, folks, come on!

One regulation less. Beautiful. And less duplicative because we have EU fiscal rules!

Cela semble absurde, et j’ai été choqué la première fois que je l’ai compris, mais la France – il n'y a pas d'autre mot – est bien un paradis fiscal pour milliardaire

Explications détaillées 🧵

Opportunity of a lifetime: Bruegel is looking for its next Deputy Director. Don't hesitate to apply or share with your networks: www.bruegel.org/careers/depu...

Deindustrialisation angst grips Germany.

In a new study, Brad Setser and I unpack how badly Germany's trading relationship with China has backfired, and how its industry might weather the second China shock.

With terrific accompanying reporting in Handelsblatt/FT.
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www.cer.eu/publications...

How Paul Krugman changed the public face of economics

La Gouvernement a rendu public l'avis du Conseil d'Etat sur l'interprétation de l'article 45 de la LOLF et la possibilité de déposer un projet de loi spéciale (PLS).

(J'ai supprimé un précédent tweet erroné).

Bref thread:

www.conseil-etat.fr/avis-consult...

End of an era: @pkrugman.bsky.social's last column in the @nytimes.com one of the first econ bloggers I followed frequently when I became interested in economic policy. I still remember looking forward to his next column during the great financial crisis www.nytimes.com/2024/12/09/o...

At the height of the €zone crisis, the 🇬🇷 government was spending nearly 20% of all its revenue on interest payments.

🇫🇷 is now spending around 4% on interest payments.

Ma chronique @lemonde.fr : Les Etats-Unis, disait-on au tournant du millénaire, sont la « nation indispensable ». Il va falloir apprendre à se passer d’eux.

www.lemonde.fr/idees/articl...

Here’s a crazy fact for you: Spain and Germany have now seen basically the exact same amount of economic growth post-2008. Would have been unthinkable to people during most of the 2010s. Spain has seen ~10 percentage points more cumulative growth since 2017.