🚨 Report Alert: "The Debt We Need. Reinforcing Debt Sustainability with Future-Oriented Fiscal Rules” explores debt management amidst today's challenges.

RT @heimbergecon: House prices have increased much more steeply in the English-speaking countries than in Western Europe. .

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RT @DezernatZ: Germany's spending up, France's down! 🇩🇪🇫🇷 What's behind this fiscal role reversal?. @PhilippaSigl & Cyprien from @eco_avant….

RT @fl_schuster: Happy to see that policy-dependent potential output has made it to the top level of 🇪🇺 policy making. We have some ideas o….

RT @maxkrahe: Next up in @ecb Strategy Assessment debriefing: the inflation story, as told in Occasional Paper 371.📣Key message: this was n….

@jvtklooster @maxkrahe @PhilippaSigl @heimbergecon @fl_schuster @FlorianMKern @GuntramWolff @InstituutPE @AuroreLalucq, @ojblanchard1, @Brad_Setser, @SanderTordoir, @ClaudiaDetsch, @FEPS_Europe, @DanielKral1, @EuroBriefing , @EspagneEtienne , @Mij_Europe @ftbrussels.

@jvtklooster, @maxkrahe, @PhilippaSigl, @heimbergecon, @fl_schuster, @FlorianMKern, @GuntramWolff, @InstituutPE.

7/.📅 24th of June. 📍Norrsken House Brussels (72, Rue du Commerce, 2040 Brussels). Registration:

6/ 🎙️ Join us for a sharp debate:. A Stronger Euro for a Stronger Europe? Opportunities, trade-offs & strategic choices for Europe’s currency. With EMPN/DZ fellows: @Shahinvallee, Agnieszka Smoleńska (@CETEx_LSE) & @MonnetEric (@EHESS_fr).

5/ The core questions:. → Should the EU actively back euro’s global expansion?.→ If so, what reforms are essential first — a permanent EU safe asset, capital markets union, banking union?.→ Can Europe bridge political divides and build the trust needed to take these steps?.

4/ Is Europe institutionally sound enough for a global currency?. → No eurozone safe asset (NGEU bonds exist, but are limited and temporary). → No common fiscal capacity to stabilise in a crisis. → Capital markets remain fragmented. → No unified external voice in global fora.

3/ The risks:. → Price-sensitive exports could suffer, though premium segments may be insulated → External financial shocks could bite harder → Large foreign reserve holders may gain leverage over EU policy. A global currency role is not just a privilege — it changes the game.

2/ 🇪🇺 A stronger euro could lower financing costs for EU companies & governments — helping fund the massive investments Europe needs for sustainability, security, and sovereignty. It could also strengthen Europe’s financial & geopolitical autonomy. But at what cost? ⚖️.

1/ 🧵 Is this Europe’s “global euro moment”?. With the US dollar’s dominance wobbling, could the euro step onto the global stage?. And if so: → What would it take? → What are the trade-offs? → Are EU institutions ready?. A timely debate coming up 👇

RT @SanderTordoir: Illusions about trade with China still run deep in Europe. At a chatham house event yesterday, one economist claimed i….

RT @PhilippaSigl: ++we are hiring++.Energy policy wonks inhabiting the Brussels bubble, we are looking for 🫵. Join the amazing @Lsuttors to….

RT @maxkrahe: Tomorrow, the @ECB gov council starts its annual retreat. On the agenda: the first strategy review since the 2022-23 inflatio….

7/7.For more on what’s wrong with the DSA logic, some #EMPN production:.1. @heimbergecon et al.: ➡️ Follow-up by MEPs: 2. @InstituutPE & @DezernatZ on how DSA fails to account for climate impacts:

6/7.At the European Macro Policy Network (🌐 , we're working on proposals to fix both: the EU fiscal rules and their underlying methods (like the DSA and CAM). Better rules need better methodologies with realistic assumptions. Stay tuned!.

5/7.What are the options?. 1️⃣ The Commission looks the other way (unlikely — that would undermine the new rules' credibility across the EU), or. 2️⃣Reform the rules — or at least the methods (e.g. how potential growth is estimated in the DSA).

4/7.From 2028, 🇩🇪 breaches EU fiscal limits even without the Special Fund. To stay compliant, Berlin would need to cut €6–10bn — unless it finds a political fix.