📸 Eben beim #Industriepolitik-Panel bei der #VfS_Conf2025 @vfsecon.bsky.social 💟 Danke @guntramwolff.bsky.social, @monika-schnitzer.com, @sdullien.bsky.social, Michael #Hüther und Beate #Baron (Moderation: @kbiesenbender.bsky.social). 🏭 Vertiefung ⤵️ www.wirtschaftsdienst.eu/inhalt/jahr/...

NATO members Romania and Poland scramble jet, Poland closes airport over Russian drones. One Russian war drone went sightseeing for 50 minutes in Romania. Totally predictable outcome, a direct result of Europe's ongoing cowardice. kyivindependent.com/romania-scra...

Today, a difficult State of the Union address. #SOTEU . From defence to trade and the weak economy and the continued political fragility in France: what will the Commission President say?

Interview im #Deutschlandfunk zur politischen Krise in Frankreich und ihren ökonomischen Folgen. Frankreich muss seinen Haushalt sanieren, aber das wird kaum gelingen ohne einen breiteren gesellschaftlichen Konsens. Den sehe ich noch nicht. www.deutschlandfunk.de/oekonomische...

No surprise here as Elbridge Colby had announced multiple times that he wants to de-prioritize weapon shipments to Europe: Ukraine battles air defence shortage as Pentagon slows shipments www.ft.com/content/26df...

❗ LIVE NOW: The future of Europe’s defence 🔗 buff.ly/VQS0Bks 🗣️ @guntramwolff.bsky.social, Bertrand Dumont (French Treasury), @kristiraik.bsky.social @icds-tallinn.bsky.social & @simonassatunas.bsky.social @ec.europa.eu

join us for what promises to be an exciting discussion

A broader discussion of European banking needs to be had in the new geopolitical context. $ dependence, complexity of global financial networks, & new tech such as stablecoins should be taken into account. M Dewatripont, P Praet, A Sapir, @guntramwolff.bsky.social‬ cepr.org/voxeu/column... #EconSky

This is indeed a must-read piece by a group of leading experts on how China shock affects our economies. One point stands out: We need to let Chinese companies into our markets to get the technology and competition into our markets. At the same time, we need to be watchful of security risks.

Daniel Stelter hat mich eingeladen, über das Thema Rüstung zu sprechen. Hier der Podcast: "Rüstungsmilliarden allein genügen nicht". cc @kiel.institute , @bruegel.bsky.social , and Solvay Brussels School of Economics and Management think-beyondtheobvious.com/ruestungsmil...

The Socialists in the EP have leveraged a no-confidence vote put up by the far right to effectively gut a major part of the reform of the EU budget. Stunning development that further imperils the prospect for a major MFF reform. I had hopes that this time would be different. But I was naive. Thread:

We are truly in an era where *anything* can happen! Next thing you know, the French will be praising the gourmet values of Yorkshire Pudding.

CO2 ist der Hauptgrund für die Erderwärmung. Allerdings: Langfristig erhitzen wir den Planeten durch jede Form von Energiezufuhr, auch wenn sie CO2-neutral ist. Nur PV und Wind sind langfristig wirklich nachhaltig.

Great to see the innovation proceeding fast - this will be critical for European security. The big question is whether our traditional armed services will be ready to adopt and scale with AI based systems... www.ft.com/content/7100...

Quote: „Also, truth-seeking and using X posts as training data is fundamentally incompatible.“ 👍🏻😆

Forecasters will imminently lose observations crucial for hurricane tracking and prediction, as data from three NOAA/DOD satellites will go unmonitored. The satellites aren't being decommissioned. The agencies will simply stop providing the satellites' data. www.nytimes.com/2025/06/27/c...

"The more rapidly we need to get money out of the door, the more there is the risk that it just goes to the easiest, most expensive but also potentially outdated technology,” said Guntram Wolff, a senior fellow at the Brussels-based economic think-tank @bruegel.bsky.social on.ft.com/46hnVUf

Interview on CNBC on NATO and EU summit @bruegel.bsky.social youtu.be/n4ynKaz-9GE?...

@guntramwolff.bsky.social opowiada, jak nie przepłacać za zbrojenia. Kto będzie w Europie więcej na nie wydawał? Czy powstanie europejska armia? I czy Ukraina wejdzie do NATO oraz Unii? www.rp.pl/biznes/art42...

Interview in der Börsenzeitung www.boersen-zeitung.de/konjunktur-p...

In 2024 the Middle East was accounting for less than a quarter of global LNG supplies - almost 90% of which went to Asia. At the same time, only about 10% of the EU's LNG imports came from the Middle East. And LNG contributed less than 40% to EU gas supplies.

A big #NATO week ahead. The debate needs to move from fiscal numbers to actual capabilities Europe needs to have. Want to find out the state of rearmament in #Germany, #UK, #Poland or #France? Check out our @bruegel.bsky.social and @kiel.institute report: www.ifw-kiel.de/de/publikati...

Die FAZ mit einer sehr schönen Zusammenfassung unserer Studie bei @bruegel.bsky.social und @kiel.institute www.faz.net/aktuell/wirt...

Europas Verteidigungsausgaben steigen stark – doch mehr Geld allein bringt keine Kriegstüchtigkeit bis 2030, warnen @guntramwolff.bsky.social et el im neuen Kiel Report (gemeinsam mit @bruegel.bsky.social). Nur mit mehr Wettbewerb, gemeinsamer Beschaffung & moderner Technologie gelingt der Wandel 👇

Fit for war ny 2030? Our new @bruegel.bsky.social and @kiel.institute Report is out www.ifw-kiel.de/publications...

10 years after the signing of Paris, coal shows no sign of peaking. Bad statistic of the morning in today's FT

Das hier ist die vielleicht wichtigste und doch wohl wenigst beachtete Nachricht des Tages. Eine weitere planetare Grenze ist überschritten. Wie üblich ist das Paper eher vorsichtig formuliert. Deshalb hier deutlicher: man muss über komplexe Systeme nur eines wissen: Ohne sie ist alles aus. Für uns.

Social media creating two media universes: one in which you drive yourself into, at best, a lowkey depression being continually served videos of atrocities, one in which you are so under-informed that you vote for someone pledging to deport 20mn people and then go 'wait, he wants to deport people?'

EV manufacturing is ramping up in Europe and the US: -Investments in EV manufacturing grow steadily on both sides of the Atlantic; -Europe leads in EV production capacity; See more on EV investment, manufacturing and sales trends: www.bruegel.org/analysis/tra... @bruegel.bsky.social @rhg.com

Musk is totally right on this one. It will aggravate the fiscal deficit, thereby the trade deficit and brings the US in real fiscal difficulties. This shows that US bond markets and the dollar are different than they used to be and investors lose trust. ht @paulkrugman.substack.com.web.brid.gy

It's time for the EU to prepare sanctions on Israel. My column in today's @financialtimes.com. on.ft.com/4khdm7W

A proposal for a Eurobond by #Blanchard and #Ubide @piie.com : here is what I agree with and why I disagree overall with their proposal. (1) Agree: Yes, if we want to offer an alternative to the US$, we need to talk of large European debt. www.piie.com/blogs/realti...

Putting aside that this will further worsen the US trade balance, #Trump strategy means losing a lot of Chinese talent for the US, another big negative on the long-term prospects of the US. Experts warning of Risks Posed by Chinese Students Are Skeptical of Trump Plan www.nytimes.com/2025/05/31/u...

Important newsletter by @aligarciaherrero.bsky.social pointing out how China has become a major player in the Eastern Mediterranean and why Europe needs to pay more attention. mailchi.mp/bruegel/zhng... @bruegel.bsky.social

If a former Israeli PM can say this, I think it’s legit to criticize what’s going on without being labeled anti-Israel.

RFK Jr wants to ban government scientists from publishing in top journals and instead create a MAGA-backed publication

Global average temperature is expected to rise to almost 2C above preindustrial in the next five years, according to the WMO, with falls in crop yields and more than a third of the world’s population being exposed to extreme heat. People, I'm sorry but we have to deal with this. Later is too late.

My friend is in charge of the team that wrote the climate change adaptation plan for Switzerland and this is one of the things they expected.

German economy minister Katharina Reiche will need to reconsider her approach. Germany cannot sustain an energy intensive industry based on subsidies for long. Europe will need heavy industry for its strategic autonomy but it will rellocate to places with lower energy costs. on.ft.com/3Z4QG2n

‘It’s very unclear’ what Trump wants out of EU tariff negotiations: My interview with CNBC Squawk Box Europe. www.cnbc.com/video/2025/0...

So here we go: Trump to impose 50% tariffs on EU as of June 1: Significant trouble ahead for our European export industry.

Louis Garicano rightly pointing out that the incremental appraoch will not bring us a deeply integrated capital market in Europe. We need a 28th regime to cut short and move to different approach. How to build a Capital Markets Union www.siliconcontinent.com/p/how-to-bui...

A real pleasure to discuss in depth with you, Peter, about this crucial topic. Thanks for the invite!

A pleasure to speak!

I gave a keynote on geopolitical risks at the annual Deutsche Bundesbank supervision conference. Great opportunity to talk about security & financial stability, why supervisors need to do stress tests for a more jittery US treasury market. Check out the programme: www.bundesbank.de/en/service/d...

Important read by Thomas L. Friedman www.nytimes.com/2025/05/09/o...

what a picture. wow

Trump: "I'd like to be Pope. That would be my number one choice."

Nice review by @simonnixon.bsky.social of our #EDM proposal: Europe's Moment of Truth open.substack.com/pub/nixons/p...

Bottomline: the US will either falter and reverse everything, with substantial losses, or continue current path with huge losses. Credibility of this administration internationally is low, but the damage is deeper and will outlast it. Institutions provided no checks and balances.