Lasse Boehm

A reminder that the #energy transition is not driven by what is possible technologically, but by what is available in abundance and *at affordable prices*.

Solar power continues to surge, driven by low costs in China:
www.iea.org/news/global-...

How big a problem are non-performing loans of smaller banks? Take a look at our latest EGOV briefing, accompanying today’s ECON hearing of Claudia Buch, Chair of the ECB supervisory board: www.europarl.europa.eu/RegData/etud...

Committee on Economic and Monetary Affairs Extraordinary Meeting – Monetary Dialogue - Multimedia Centre La plateforme multimédia du Parlement européen est le référentiel officiel accessible au public pour la production médiatique du Secrétariat du Parlement européen, géré par la Direction générale de la...

Live now: @ecb.europa.eu President Lagarde speaking to the Committee on Economic and Monetary Affairs @europarl.europa.eu .

Livestream here: multimedia.europarl.europa.eu/fr/webstream...

Speech by Commissioner Albuquerque at the Eurofi Forum 2025, Copenhagen Good afternoon, ladies and gentlemen.\nIt\'s a pleasure to be with you today. I have had the privilege of engaging with many of you since taking on the role of Commissioner for Financial Services and ...

Full speech: ec.europa.eu/commission/p...

“we are considering a proposal to transfer supervisory powers to ESMA for the most significant cross-border entities…”: central counterparties, central securities depositories, trading venues - and crypto asset service providers.

— Commissioner Albuquerque at #Eurofi today

Very true but I do suspect staff had more time & carefully weighed each phrase not just for political content but also to avoid having to type it all up again manually

Note also the phrase that progress should be “gradual” and “visible”: recognition that single market is - and always was - a multitude of steps and policies, some smaller, some larger, but all essential to achieve the overall goal.

Link to the conclusions: www.consilium.europa.eu/media/20646/...

One of the more useful benchmarks to measure the implementation of the #Draghi report is the EEC’s approach to the single market in the 1980s.

The June ‘85 EUCO green-lighted a precise programme with (interim) deadlines and sectoral actions, and of course the famous 1992 date for completion.

MEPs keep up momentum for Draghi report | News | European Parliament MEPs on Wednesday adopted a host of proposals they consider essential to make Europe globally competitive and provide it with the resources to reach this goal.

www.europarl.europa.eu/news/en/pres...

New boost for the debate on Capital Markets Union: the @europarl.europa.eu adopted its position on the #Draghi report and CMU, which requires a series of mutually reinforcing measures incl supervisory convergence (ESMA!), addressing fragmented insolvency frameworks, and a debate over a safe asset

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.