ADAM TOOZE

This is a striking COVID/lockdown/EU/US comparison: Infection rate in US surged far above EU in last Trump months with zero policy response v. EU where much tougher lockdown held infection at lower level. US truly appears to have been saved by vaccine. ecb.europa.eu/pub/economic-b… https://t.co/chFNhrWEkX

Not news, but it cant be said too often that the impact of the 2020 economic shock on Europe is far worse than that of the Eurozone crisis. And currently Europe is sliding further away from recovery. ecb.europa.eu/pub/annual/htm… https://t.co/d3CNExzhAX

An alliance btw right-wing of EU Parliament and industrial lobbies, to break ambition of EU carbon border adjustment report. Reminder of how domestic carbon coalitions and international collective action questions are interlinked. @70sBachchan @yayitsrob politico.eu/article/europe… https://t.co/YFRyiylava

AMAZING graphic Network of market participants in universe of euro area OTC centrally cleared derivatives Yellow are CCPs; green are clearing members; orange are clearing members (in one or more CCPs) and clients (in other CCPs); blue circles are clients ecb.europa.eu/pub/pdf/eurosy… https://t.co/fvPusdiE7N

The cost of borrowing US dollars against euro in the FX swap markets also peaked at above 500 basis points at the height of uncertainty in late March 2020. ECB report on Money Markets in 2020 confirms the scale of disruption in March. ecb.europa.eu/pub/euromoneym… https://t.co/yBkj0QeU6u

You know things are tough when a Belgian politician goes to Congo to get a break from political controversy: Michel happy to be in Kinshasa to escape the still-swirling Sofagate controversy. politico.eu/newsletter/bru… https://t.co/EIEs3vNxfM

Which French people are likely to vote for Le Pen in 2022 and why? Predominantly lower social status, less educational qualification and out of hostility towards other parties. Varying by age. Deep dive from @IfopOpinion ifop.com/wp-content/upl… https://t.co/MkeJMJ42SL

Recovery fund slalom: 12 months on from the July compromise that brought NextGenEU into existence, funds may begin to be disbursed in the summer of 2021 … if … This is a good explainer! politico.eu/article/europe… https://t.co/SdioKRvfgM

Germany's Constitutional Court ruled Thursday that the country's 2019 climate protection law was partly "unconstitutional" because it shifted too much of burden of making painful reductions to future generations -> catnip for Greens. Bad news for CDU? politico.eu/article/german… https://t.co/5grymlu24N

“When France and Germany want, Europe can,” Le Maire quipped alongside Germany’s Olaf Scholz as they jointly presented France and Germany’s Recovery Plans last week. Reminder that condition for “community method” is Franco-German support. politico.eu/article/france… https://t.co/NHhnpomZB8

EU Commission's "industry alliance” for chips includes: NXP (based in NL), ST (French-Italian), Infineon (German), Bosch (German), research institutes Fraunhofer (Germany), Imec (Belgium) and CEA-Leti (France) and Dutch chip printing giant ASML. politico.eu/article/europe… https://t.co/B6UuVVNiLE

RT @doctorow: Title: Standard Oil, 1963. advertisingpics.tumblr.com/post/650065400… https://t.co/8MbeaUwKum

Feminists thwarting China's population goals -> crackdown on feminist online activism over demographic fears. @LetaHong politico.com/newsletters/po… https://t.co/BgJATJe3Re

2-nanometer chips are holy grail of high tech manuf. Commissioner Breton wants EU to compete. But a fab would cost $20bn. Tech is out of sight and what EU industry needs is 10-22 nanometer chips. European industry says focus on existing strengths. politico.eu/article/europe… https://t.co/C4Uc8HR4yV

Europe’s plan to tax the world into climate ambition The EU is readying a proposal to impose tariffs on those countries with lax climate policies. US doesn’t like it. France is pushing it within EU. Germany on sidelines so far. Export industries worried. politico.eu/article/europe… https://t.co/WpzqVHIHRo

Thuringia’s CDU is at it again: nominating anti-Merkel rightwing ex spy chief Hans-Georg Maaßen for election who is open to idea of coalition with AfD. May win votes locally. Likely to be bad news nationally. politico.eu/article/german… https://t.co/aiWG1iEqzS

Good portrait this of W. Abendroth most significant left-wing intellectual of postwar FRG. Influenced by Thalheimer and Heller. Expelled by KPD, arrested by Gestapo. Punishment division 999. Defected to Greek partisans. In @jacobinmag_de by Lothar Peter jacobin.de/artikel/wolfga… https://t.co/lGzBLAcknE

How to repay 400bneuro in grants & interest costs incurred by NextGenEU? Need c. 15bn ETS, carbon border tax, digital tax? Avoid creating EU fiscal capacity -> more national contributions? Permanent debt = EU safe asset? @paola_tamma excellent as ever. politico.eu/article/how-wi… https://t.co/tEoJ5xZ4dG

Indeed one of the abiding questions. Why do reps of business not recognize their interest in fiscal stimulus when the time is right? twitter.com/KeineWunder/st…

RT @alex_callinicos: A sparkling portrait of Draghi by ⁦@b_judah⁩ ‘As the crisis made the state more dependent on finance; finance become m…

RT @paola_tamma: Finland becomes Europe's next headache, just as Poland reaches a deal to ratify the bill underpinning joint borrowing -> S…

RT @daniel_freund: The @EU_Commission promised "guidelines" to trigger the #RuleOfLaw conditionality (still not required by law). But how…

RT @daniel_freund: Deutsche Welle goes Hungarian! @dw_europe will start broadcasting in the next days. Some good news for the independent m…

Digital-Green-Other EU Big4 Recovery Plan spending priorities helpfully broken down By indispensable @ZsoltDarvas @Tagliapietra_S @Bruegel_org bruegel.org/2021/04/settin… https://t.co/ddFJfklsiJ

Food prices in Brazil are surging adding to misery of the poor. Devaluation helps to drive up prices of imported items like rice. ft.com/content/5dbcc5… https://t.co/8ZwqLjgm9O

EU and US relaunch push for own version of China’s Belt and Road. Sseek to put infrastructure initiative on G7 agenda to counter Beijing’s global reach But what is their constructive agenda and how much capital are they willing to put behind it? ft.com/content/2c1bce… https://t.co/FkE6DBc0HJ

Investors urge Brazil to use green bonds to save the Amazon President Jair Bolsonaro cries poor as deforestation surges to highest level in more than a decade @bryanhimself ft.com/content/e1d37f… https://t.co/FbJuBCdcZW

RT @JumanaSaleheen: President Xi Jinping has reaffirmed China’s pledge to reach peak carbon #emissions by 2030. It will be a challenge. #…

RT @heimbergecon: Almost three out of four Germans (71%) mistakenly believe that Italy has received much more or very much more money from…

RT @heimbergecon: 71% of Italians believe that 🇩🇪 has met its renewable energy targets – although this is not true. ~70% of both Germans…

As America's vaccination rate has plunged, Germany has caught up. But both have some way to go to reach the peak US rate. twitter.com/nicolasberrod/…

RT @brettberson: From the Berkshire Hathaway annual meeting – top 20 companies in the world today vs. 30 years ago. Amazing what can happe…

Another German poll with the Greens ahead of the CDU/CSU. Its becoming a bit of a thing. twitter.com/Wahlrecht_de/s…

RT @edwardnh: R.I.P. Bond Vigilantes. I guess you never really existed twitter.com/lisaabramowicz…

RT @gott_julie: Clint Eastwood 1958 Jaguar XK1505. #Caturday #classiccars https://t.co/NaCZWwRGk3

RT @climate: There are 81 million acres being used for energy in the U.S. We may need four times that to meet our green goals https://t.co…