Lasse Boehm

And here the main rules for subsidising clean-tech manufacturing in the future (annex 2 defines what falls under clean-tech)

Today’s CISAF EU state aid provisions to subsidise electricity prices for energy-intensive industries, up to max 3yrs.

Shift the needle in industrial terms, not just security-related of course.

Here the 2025 EU budget figures:

To put this into perspective: all 2025 EU budget payment appropriations taken together are €155bln.

Even if only a small(ish) share of the future DE defence budget goes into procurement of new kit, this will shift the needle - but will investment be European or national?

bsky.app/profile/nvon...

The single market won’t be complete without a full capital markets union.
But just how much Draghi, Letta and Noyer is in the @ec.europa.eu Savings and Investment Union?
The EGOV team compared the SIU to the three reports:
www.europarl.europa.eu/RegData/etud...

What can the EU/euro area do if there ever is a Mar-a-Lago policy linking the Dollar exchange rate with trade or security objectives?

Read our latest EGOV briefing on euro area legal options, institutional framework and exchange rate history:

www.europarl.europa.eu/RegData/etud...

How does future #defence spending affect the EU’s economic governance framework?

Read our updated EGOV briefing, which explains the relevant fiscal flexibility provisions, discusses possible consequences, and looks at alternative financing options:

www.europarl.europa.eu/RegData/etud...

Also BTW a good reminder to look closely at what lies behind figures.

👇Imp points here by Nicolai & The Economist. There is a physical reality to defence which makes it different to, say, coming up with a few billions to calm fin markets in a crisis of confidence. Defence is very much the real economy, not just a subset of market psychology.

bsky.app/profile/nvon...

#EUCO conclusions on the crucial issue of EU supervision of financial markets.

Note the emphasis on “convergence” (rather than shifting competences), “taking into account the interests of all Member States”, and EC “as appropriate” putting forward a proposal. Not exactly a firework of enthusiasm.

Unlike many other policy areas which at least in part depend on exogenous factors (e.g. security), success or failure of the Capital Markets/Savings and Investment Union will be entirely of the #EU's own making. As such it is also a measure of the state of + willingness for, further EU integration.

Isn’t the answer to your Q that Europe is not only a geographical space and actor, but also an operating system for the economy and society (rule of law, free speech….), the latter threatening the tenets of Trumpism? Une certaine idée so to speak, and ideas can be powerful.

As the original Congress of Vienna powers discovered in the century that followed, a Congress system is neither a static or a stable framework

Yes but ideally also a couple of allies in case Plan A fails

Why Germany needs the EU in a protectionist dog-eat-dog world:

Typo: transformation of course

We now know there will be a German bazooka, but the jury is still out on 2 crucial questions:
1. Will it be a European defence-industrial bazooka or a purely national one?
2. Will it be a game-changer for the competitive transition of the EU economy or bright but short fireworks?

ECB watchers and tariffs/macro crowd: Join us today 13:15 CET online for the ECON committee’s Monetary Dialogue prep meeting which will discuss
- the ECB’s monetary policy stance and
- The impact of US tariffs on the euro area economy.

Livestream: multimedia.europarl.europa.eu/en/webstream...

Personal news: Today I took over the Economic Governance and EMU Scrutiny Unit (EGOV) @europarl.europa.eu, providing analysis for the Committee on Economic and Monetary Affairs esp on EU economic policy coordination, monetary policy and banking supervision.

6/

…whether attainable or not. But equally important is to start, instead of spending more time dreaming.

(3) The process should be open and expandable, once proven and subject to circumstances.

(4) Joint narratives are important to create windows of opportunity to kick-start and sustain this.

5/ For the politico-security-economic challenges we face today this means at least 4 take-aways:

(1) Ambition is important but scale alone is not everything. More important than adding another billion are questions of what for and who decides.

(2) Utopias might be important as a guiding vision…

4/ Underpinning this process was a recognition of the importance of a shared language and culture of the relevant political operatives, creating an increasingly stable narrative.

3/ The policies and structures thus created were not the end of the process but the beginning of a new self-sustaining, win-win, dynamic for the participants.

2/ He advocated policies which were ambitious in scale but eminently /doable/. Doable in the sense that they could be described in the politico-administrative terms of their day and operationalised using existing policy levers.

A few thoughts on the #Monnet method on the anniversary of his death:

1/ For all his globalism, M operated - by necessity - through and within national frameworks. The Schuman Declaration captured and channeled French ambitions, insecurities, but also strengths and turned them into European ones.

Time for Voice of Europe?

bsky.app/profile/npr....

#Zeitenwende: it’s complicated.

This argument goes back to Eisenhower and de Gaulle (at least).

It omits one big factor, the European theatre is a tactical issue for the US, but a strategic one for France.

Which is why de Gaulle (infamously) pointed out to Eisenhower that the Rhine was narrower than the Atlantic.

And while I have no idea how the speech will go down with the French public, what Macron does really well is to communicate his goals clearly, explaining both the past and present context, and providing a narrative which finished with an appeal to enlightened citizenry.

It’s true there wasn’t much new in Macron’s speech except the clear message on extending (not sharing) the French nuclear umbrella.
But this new age of confrontation also encompasses the infosphere and people have the right, and a need, to know where their government is heading and why.