The US under President Trump is moving from liberal democracy towards an authoritarian state. Johannes Thimm analyses whether US institutions are resilient enough to withstand Trump's second term and what the erosion of democracy means for Europe🎧🎙️ www.swp-berlin.org/publikation/...

Stablecoins are another issue that the United States and the European Union disagree on. www.ft.com/content/6412...

Stablecoins are another issue that the United States and the European Union disagree on. www.ft.com/content/6412...

How many digital euros will each of us be able to hold? The digital euro is set to be discussed at the Eurogroup/ECOFIN meeting in Copenhagen. The EU progress is very slow, especially given China's advances in this area. In this paper we compared both projects. www.swp-berlin.org/publikation/...

How many digital euros will each of us be able to hold? The digital euro is set to be discussed at the Eurogroup/ECOFIN meeting in Copenhagen. The EU progress is very slow, especially given China's advances in this area. In this paper we compared both projects. www.swp-berlin.org/publikation/...

Europe is becoming a continent that is ungovernable. www.bloomberg.com/news/article...

Europe is becoming a continent that is ungovernable. www.bloomberg.com/news/article...

There are mass protests in France today against budget cuts and Macron. Meanwhile, the yield on French 10-year bonds has risen above 3.5%. www.france24.com/fr/france/20...

There are mass protests in France today against budget cuts and Macron. Meanwhile, the yield on French 10-year bonds has risen above 3.5%. www.france24.com/fr/france/20...

Russia: one of the most transparent countries on the planet "Almost everything is for sale – from tax returns and auto insurance forms to property deeds and flight itineraries." theins.ru/en/inv/284980

Russia: one of the most transparent countries on the planet "Almost everything is for sale – from tax returns and auto insurance forms to property deeds and flight itineraries." theins.ru/en/inv/284980

In kaum einem Land ist Vermögen so ungleich verteilt wie in Deutschland. Die reichsten zehn Prozent der Bevölkerung besitzen sagenhafte 11,4 Billionen Euro – und werden immer reicher. Sparen aber will die Regierung bei den Ärmsten. www.t-online.de/nachrichten/...

French 10-year bonds around 3.5%, the market anticipating a credit rating downgrade today.

French 10-year bonds around 3.5%, the market anticipating a credit rating downgrade today.

Polish politics is a total mess, but Putin and his drones have instantly managed to unite everyone. Congratulations, Vlad. www.bbc.com/news/live/c2...

Polish politics is a total mess, but Putin and his drones have instantly managed to unite everyone. Congratulations, Vlad. www.bbc.com/news/live/c2...

I think France's main problem is denying the reality by most of the people that the omnipresent state model, based on credit,in a situation of rising interest rates, is a path to nowhere.

I think France's main problem is denying the reality by most of the people that the omnipresent state model, based on credit,in a situation of rising interest rates, is a path to nowhere.

Paris is currently testing the patience of financial markets. Imagine all those populist parties in Italy or France if, at the time of the fiscal crisis, someone from Germany had been leading the ECB. I warned against such a situation in my 2018 article. www.zeit.de/wirtschaft/2...

Paris is currently testing the patience of financial markets. Imagine all those populist parties in Italy or France if, at the time of the fiscal crisis, someone from Germany had been leading the ECB. I warned against such a situation in my 2018 article. www.zeit.de/wirtschaft/2...

Frankreichs Premier Bayrou stellt heute die Vertrauensfrage zum Sparhaushalt. @tokarski.bsky.social @swp-europe.bsky.social hatte die Hintergründe zur angespannten Finanzlage und die Risiken für Europa Anfang des Jahres in einem »Kurz gesagt« erläutert: www.swp-berlin.org/publikation/....

Ray Dalio warns that the US is sliding towards a 1930s-style autocracy. He says other investors are too afraid to speak out. www.ft.com/content/b86b...

Ray Dalio warns that the US is sliding towards a 1930s-style autocracy. He says other investors are too afraid to speak out. www.ft.com/content/b86b...

Attempts to legitimise border changes through military aggression are causing concern in other parts of Europe. A view from Greece. www.ekathimerini.com/opinion/1278...

Attempts to legitimise border changes through military aggression are causing concern in other parts of Europe. A view from Greece. www.ekathimerini.com/opinion/1278...

The Fed can't win the war with Trump, but it should step up its information policy on the costs of political interference in monetary policy. www.bloomberg.com/opinion/arti...

The Fed can't win the war with Trump, but it should step up its information policy on the costs of political interference in monetary policy. www.bloomberg.com/opinion/arti...

German households hold €3.4 trillion in cash and low-interest bank deposits. www.ft.com/content/f1cb...

German households hold €3.4 trillion in cash and low-interest bank deposits. www.ft.com/content/f1cb...

In this article in one of the latest issues of Wirtschaftswoche, I shared some thoughts on the digital euro.

In this article in one of the latest issues of Wirtschaftswoche, I shared some thoughts on the digital euro.

Yesterday, I also got stuck in a traffic jam at the Polish-German border due to German police checks. With such a huge number of vehicles crossing the border, I wonder how cost-effective such measures are.

I remember in secondary school in post communist Poland, our crazy IT teacher, started teaching us programming in Turbo Pascal. Although already outdated at the time, it was an eye-opening experience. A few of my classmates went on to become excellent engineers.

With the “Genius Act”, the US government is creating a clear legal framework for stablecoins. A historic step for the crypto market and a geopolitical signal. Europe must act now, writes @tokarski.bsky.social @swp-europe.bsky.social: www.swp-berlin.org/en/publicati...

The price Ukrainians are paying to stop Russian savages is beyond imagination. www.theguardian.com/commentisfre...

The price Ukrainians are paying to stop Russian savages is beyond imagination. www.theguardian.com/commentisfre...

I remember in secondary school in post communist Poland, our crazy IT teacher, started teaching us programming in Turbo Pascal. Although already outdated at the time, it was an eye-opening experience. A few of my classmates went on to become excellent engineers.

VDL promised Trump that private companies from the EU would invest $600 billion in the US. I wonder if Trump believes that the EU has powers to order EU companies where and how much to invest?

VDL promised Trump that private companies from the EU would invest $600 billion in the US. I wonder if Trump believes that the EU has powers to order EU companies where and how much to invest?

In any case, the EU has won in terms of image, at least :) Trump, who has always despised the EU and its institutions, was forced to sit down, shake hands, and have his photo taken with the President of the European Commission.

In any case, the EU has won in terms of image, at least :) Trump, who has always despised the EU and its institutions, was forced to sit down, shake hands, and have his photo taken with the President of the European Commission.

Being in a de facto hybrid and economic war with Russia, supported by China, the EU cannot start another one, trade war with the US, which is the guarantor of European security. In any case, it is unclear how long this ‘deal’ with Trump will last. www.bloomberg.com/news/article...

Being in a de facto hybrid and economic war with Russia, supported by China, the EU cannot start another one, trade war with the US, which is the guarantor of European security. In any case, it is unclear how long this ‘deal’ with Trump will last. www.bloomberg.com/news/article...

Interesting analysis by my colleague @tokarski.bsky.social on the US recent regulation on stable coins and what it might mean for Europe and the project of the digital Euro:

Israel is starving not only the people of Gaza, but also reporters and aid workers there. Not to mention that Israel has deliberately targeted reporters at least, and killed aid workers with impunity. These are war crimes. There has to be a prosecution. www.thehandbasket.co/p/gaza-famin...

🇺🇸 Mit dem #GeniusAct schafft die US-Regierung erstmals klare Regeln für #Stablecoins. Unser Kollege @tokarski.bsky.social analysiert, warum die #EU jetzt den digitalen Euro vorantreiben muss, um ihre geldpolitische Souveränität zu sichern. 👇📖

Mit dem »Genius Act« schafft die US-Regierung einen klaren Rechtsrahmen für Stablecoins. Ein historischer Schritt für den Krypto-Markt und ein geopolitisches Signal. Europa muss jetzt handeln, so @tokarski.bsky.social @swp-europe.bsky.social in einem »Kurz gesagt«: www.swp-berlin.org/publikation/...

Today is the last day of school in Berlin. The school libraries will not receive any more funding next year due to budget cuts. Cutting back on children's education in the digital age is simply an act of stupidity. www.berliner-zeitung.de/mensch-metro...

Today is the last day of school in Berlin. The school libraries will not receive any more funding next year due to budget cuts. Cutting back on children's education in the digital age is simply an act of stupidity. www.berliner-zeitung.de/mensch-metro...

The digital euro project – an exciting feature will be the option of offline payments in emergency situations. In the event of a network or power outage, you will not be able to withdraw money from an ATM or pay in a shop with the cash you have hidden in your sock www.ecb.europa.eu/euro/digital...