In a new report co-authored with Jaya Sood, Dominic Caddick and Maike Schmidt at @neweconomics.bsky.social, we find that EU debt-to-GDP could be 58 percentage points higher than official projections by 2050 under business as usual. By 2070, that rises to nearly 200 points above forecasts. 🧵

In a new report co-authored with Jaya Sood, Dominic Caddick and Maike Schmidt at @neweconomics.bsky.social, we find that EU debt-to-GDP could be 58 percentage points higher than official projections by 2050 under business as usual. By 2070, that rises to nearly 200 points above forecasts. 🧵

Sadly suppressing such a devastating report doesn’t make the risks go away - it just makes them even harder to deal with. Facing up to the truth is the first step to coping with it - it’s beyond scandalous that ministers tried to prevent this. They need to act - and fast

How does Europe move forward in light of Donald Trump's actions on Greenland? @sebmang.bsky.social was on Al Jazeera to explain how we reduce our dependency on the US

"We also need a new economic playbook and a serious strategy to reduce risky dependencies, including on the US - starting with energy..." @sebmang.bsky.social wrote for LBC about why in an increasingly unstable world we need to to speed up the green transition www.lbc.co.uk/article/stro...

'A strong Europe is the only way we will survive Trump's new world order' ✍️ @sebmang.bsky.social for LBC Opinion

The debate on central bank independence too often caricatural and polarized by extreme positions. In this op-ed with @sebmang.bsky.social we try to strike a fine balance, and argue that the best way to defend central bank independence is to reinvent it at the same time.

Es braucht einen Erneuerungsplan – angepasst an die veränderten Bedingungen der globalen politischen Ökonomie, gegen Rechtsruck, für Zusammenhalt, eingebettet in europäische Industriepolitik. Mit @jasonhickel.bsky.social & @sebmang.bsky.social – @surplusmagazin.bsky.social tinyurl.com/vr5pvxhn

Deutschland braucht eine europäische Industriestrategie, um krisenfest zu werden. Das erfordert eine starke Daseinsvorsorge, schreiben @rbaernthaler.bsky.social , @sebmang.bsky.social und @jasonhickel.bsky.social

We wrote a short piece for @uk.theconversation.com on the pitfalls of current industrial policy—and how it can be reconfigured to be fit for an era of polycrises. With @jasonhickel.bsky.social & @sebmang.bsky.social @envleeds.bsky.social @icta-uab.bsky.social theconversation.com/climate-conf...

I can’t help but scratch my head at the anti-green, deregulation rhetoric currently circulating in Germany. Rationalising regulations, like supply chain reporting, makes sense — but halting investments is self-defeating for the West’s key clean tech hub. Let's review a few facts. 1/4

New article with @rbaernthaler.bsky.social and @jasonhickel.bsky.social EU industrial policy aims for resilience, autonomy & sustainability — but internal contradictions make these goals structurally unrealisable We outline a post-growth alternative: www.tandfonline.com/doi/full/10....

1/7 Our new article is out in Globalizations: Toward a post-growth industrial policy for Europe: navigating emerging tensions and long-term goals. With @jasonhickel.bsky.social & @sebmang.bsky.social @envleeds.bsky.social www.tandfonline.com/doi/full/10....

Billionaires accumulating more and more wealth is a threat to our democracy, our planet, and the everyday economy. @sebmang.bsky.social and @febalata.bsky.social wrote for Social Europe on why it's time for an Extreme Wealth Line. www.socialeurope.eu/how-the-bill...

The @ec.europa.eu study of wealth taxation is welcomed, but it must be backed up by concrete policies, including exploring an #extremewealthline as a tool for democratic engagement and wider policy reform. My piece with @sebmang.bsky.social for Social Europe: www.socialeurope.eu/how-the-bill...

Central banks and governments should work more closely on coordinated policies that will support the net-zero transition, say @sebmang.bsky.social and Dominic Caddick of @neweconomics.bsky.social. greencb.co/45209uR

Governments and central banks need to work more closely together if we're to tackle future inflationary shocks and the climate crisis. @sebmang.bsky.social and Dominic Caddick explain in a new piece for @greencb.bsky.social greencentralbanking.com/2025/05/08/m...

Central banks and governments should work more closely on coordinated policies that will support the net-zero transition, say @sebmang.bsky.social and Dominic Caddick of @neweconomics.bsky.social. greencb.co/45209uR

Extreme wealth is threatening our planet, our democracy and our shared future.

Toward a Post-Growth Industrial Policy for Europe: Navigating Emerging Tensions & Long-Term Goals I'll be speaking at Visions for the Future (@ingridrobeyns.bsky.social), sharing work-in-progress with @jasonhickel.bsky.social & @sebmang.bsky.social tinyurl.com/3msza5vd @envleeds.bsky.social

China has Made in China 2025, an elaborate industrial policy, designed by an army of competitive bureaucrats and a financial system subordinated to them. The US at this point has a guy with instinct, now afraid of the bond market

EU leaders have agreed to loosen fiscal rules for defence. But Europe’s security needs more than military spending; it also needs ''economic stability, climate resilience, energy independence, and social cohesion,'' writes @sebmang.bsky.social. www.greeneuropeanjournal.eu/why-military...

The argument that actually punishing Le Pen and her cronies for their crimes will only make them stronger in the long run is a little hard to swallow when we have a prominent example of a right-wing authoritarian who was very much not punished for his crimes and is now wrecking everything in sight.

NEW: Germany’s U-turn proves Europe’s fiscal framework must change In our latest blog, @sebmang.bsky.social shares how Europe now has the opportunity to break free from rules that have prevented it from building stronger economies. Read in full: neweconomics.org/2025/04/germ...

We ARE the 6th mass extinction - or should I say the 1st mass extermination www.theguardian.com/environment/...

"Getting the UK back in the Single Market and the Customs Union is a prerequisite for creating sustained growth that can improve opportunities for British people across the board"

No amount of defence spending can deliver true security. It takes economic stability, climate resilience, energy independence & social cohesion As I argue in Green European Journal if we can afford military spending we can afford what truly keeps us safe www.greeneuropeanjournal.eu/why-military...

"The real question isn’t whether we can afford to fund defence – but why only defence is being freed from the rules that still constrain everything else." @sebmang.bsky.social @neweconomics.bsky.social for the Green European Journal

NEW POLL🚨 •65% agree that ‘I would have more trust in politicians if the government delivered better quality public services’ •71% agree that ‘the wealthy should pay more tax to fund decent public services’

Cuts to public spending will be devastating for people, communities and our economy - and all for the sake of meeting made-up fiscal rules. Ahead of the Spring Statement, Dominic Caddick outlines why there is no economic justification for the continuation of austerity.

Excited to share my latest publication, written with colleagues from the New Economics Foundation (@sebmang.bsky.social and al) exploring why monetary and fiscal policies need to work together to improve inflation management. 🧵👇 #Inflation #MonetaryPolicy #CentralBanks

Excited to share a new @neweconomics.bsky.social arguing that deliberate monetary-fiscal coordination could help central banks manage inflation more effectively while enabling greater investment towards economic goals Our paper categorises different policy tools for different inflation scenarios

What a world. Capitalism "externalizes" costs to the point where the costs are "externalized" into our own bodies.

I wrote a new piece for foreign policy. The US's postwar role as guarantor of Europe’s security is over – and may even turn adversarial. But Europe has an overlooked trump card. When it comes to manufacturing Europe blows the US out of the water. Thread. 1/ foreignpolicy.com/2025/03/07/e...

Imagine if Lindner and Merz hadn't blocked Germany and Europe from investing sufficiently the last few years. Europe we'd be stronger for it!

The biggest threat to European security does not come from Russia but it comes from the far right within its own nation states. All of the defense spending is not going to protect anyone if Trump's and Putin's buddies are voted into office, they consolidate power and erode liberal democracy 1/

The Commission has proposed to ramp up defence spending, including by activating the national escape clause of the Stability and Growth Pact. But without investments in energy independence, climate resilience & economic stability, no amount of military spending will make us truly secure 🧵

Honorable and commendable of Zelensky to hold his ground against Trump. What a contrast with Macron and Starmer. And now, please. Time for Tariffs. On. Oligarchs www.project-syndicate.org/commentary/o...

Can't see how Europe and the US can reconcile frankly. The reception to Zelensky among EU leaders vs this doesn't seem bridgeable. This is going to play awfully in every chancellery across Europe. A big split is coming

"Trump is unilaterally disarming America of its soft power, making the United States no different from China, Russia, or Iran." theatlantic.com/magazine/arc...

Last week I joined the New Economics Podcast to speak about central banks and the importance of monetary-fiscal coordination Have a listen! neweconomics.org/2025/02/why-...

Excellent piece! Mario Draghi’s report called for investment and common debt issuing, but instead, we are getting dangerous deregulation. Deregulation will not make Europe competitive, resilient or improve our strategic autonomy. www.socialeurope.eu/facing-trump...

🤔Why did the Bank of England raise interest rates so fast? What are the alternatives to dealing with inflation? And are central banks under threat from the far right? Find out the answers in the latest episode of the New Economics podcast! neweconomics.org/2025/02/why-...

We're hiring! Looking for persuasive big thinkers with an economics background. Apply now: neweconomics.org/about/work-w...

German state repression is spiralling out of control. A German climate activist has been banned from becoming a teacher. Here are some justifications from the Bavarian State Ministry of Science and the Arts—they are completely nuts: 1/7

The UK is in much more trouble than it seems to realise. 85 years of being able to rely (mostly) on the US being on our side is coming to an end. Even if Trump doesn’t hit us with tariffs, his policies will undermine Europe’s security, including the UK’s.

We wrote for SR on an era where finance, fossil-fuel, livestock-agribusiness, and digital power complexes interact, unleashing unprecedented extractive forces of rent, materials, and data to accelerate accumulation. @envleeds.bsky.social @wuvienna.bsky.social www.socialeurope.eu/corporate-po...

The richest man in the world has taken over the US government and his first order of business is taking revenge for the fall of apartheid in South Africa www.theguardian.com/us-news/2025...

Today's edition of MFN is about what a country might decide to do when Trump decides to tariff you. mostfavourednation.substack.com/p/the-art-of...