Christian Odendahl
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codendahl.bsky.social
Christian Odendahl
@codendahl.bsky.social

European economics editor @TheEconomist. London via Berlin, Stockholm and Cologne. Have no plans to write a book.

Economics 55%
Political science 39%

Reposted by Christian Odendahl

At least on prediction markets
Why insider trading isn’t always bad
At least on prediction markets
econ.st

Reposted by Christian Odendahl

Make America Minnesota Already (MAMA) open.substack.com/pub/thebulwa...
We’re All Minnesotans Now
Let the North Star State give us direction.
open.substack.com

My point is that if you have a good cause for common spending, then countries who largely pay for it are willing to consider common debt. If it comes from countries that are fiscally under water, and with no clear, precise purpose, then ... well.

👇

Reposted by Christian Odendahl

Russia is dangling a $12 trillion prize in front of America. I ran the numbers. Putin’s offer is a trap www.economist.com/finance-and-...
Will investing in Russia really bring America a $12trn bonanza?
The Kremlin is making big promises to Donald Trump’s administration
www.economist.com
Real insane part of this clip is Hassett saying in the beginning that NY Fed researchers “should be disciplined” for…writing an economics paper that comes to a conclusion the president dislikes? A conclusion that matches the vast majority of economic evidence on tariffs? Nuts
Hassett: "The basic theory of President Trump's tariffs is sure, we're importing stuff from China, but we've got producers in US who make stuff, maybe at alightly higher place. If we bring stuff home, create demand, then that will hurt China & drive up wages & American consumers will be better off."

Reposted by Christian Odendahl

US:
"We are all one Western Civilization sharing a common thread from Athens to Rome to America."

EU:
"We've actually been building institutions to bring Europe closer together, pooling our sovereignty around shared values and..."

US:
"No. Not like that."

The EU budget needs deep reform, absolutely. Starting with "we need more common borrowing" is not the way, esp if the same country is one of the main opponents of deeper reform of the budget and has a massive fiscal problem. Politically doesn't add up.

EU/CPTPP is in the news again. Why is Canada leading this, and not ... Britain?

And it is so full of RoO stuff, that I need a MFN newsletter just on this, @samuelmarclowe.bsky.social.

www.politico.eu/article/eu-a...
Carney constructs a mega anti-Trump trade alliance
The Canadian prime minister is spearheading discussions between the EU and a major Indo-Pacific trade bloc after calling on middle powers to join forces.
www.politico.eu

Germany has just agreed to eurobonds to fund Ukraine.

Ja, stark oder?

Well, exactly! Mind-bending stuff.

Fair. But Germany is quite keen on collaboration across Europe, not least to assuage fears of a massively armed Germany. But the technicalities are beyond my expertise, I defer to @sophiabesch.bsky.social and others on that.

Fair. Though it is not new, it has been a common position in many parts of Europe for a while.

Net zero dad content. I love it.

That is one way to look at it. The other is that France wants to build some leverage to make sure the next ECB head is not a teutonic hawk.

Can we do this without the insults?

I think the irony in that is indeed that France was right, and Germany now has the means to implement it.

All good!

A serious-looking German economist making jokes is confusing.

Sorry, yes, it was a joke.

As much as I dislike the word homework in this context and his public lecturing of another country, the German foreign minister just said out loud what many in Berlin are thinking.

“Anyone who talks about independence from the USA today must first do their homework at home. … Unfortunately, efforts in the French Republic have also been insufficient to achieve this so far.”

www.welt.de/politik/ausl...
Nato: „Erst einmal Hausaufgaben machen“ – Wadephul attackiert Frankreich für „unzureichende Anstrengungen“ - WELT
Mit Verweis auf die Verpflichtung der Nato-Mitgliedstaaten mahnt Bundesaußenminister Johann Wadephul: „Wir müssen die fünf Prozent auch umsetzen“ – und meint damit besonders Frankreich. Deren Ausgaben...
www.welt.de

Reposted by Christian Odendahl

Again, on FCAS, deux salles deux ambiances as we say in French
🇫🇷 Macron in Munich: « I believe in FCAS »
🇩🇪 Merz: « There are others in Europe, the Spanish anyway, but also other countries interested in talking with us »
www.politico.eu/article/frie...
Franco-German fighter jet project in turmoil as Merz raises doubts
“This isn’t a political quarrel. We have a real problem in the requirement profile. And if we can’t solve that, then we can’t maintain the project,” says German chancellor.
www.politico.eu

Reposted by Christian Odendahl

Lagarde to leave ECB before the end of 8-year term ft.trib.al/88DQOgH
Lagarde to leave ECB before the end of 8-year term
Central banker wants to give Emmanuel Macron and Friedrich Merz the chance to pick her successor
ft.trib.al

Reposted by Christian Odendahl

I'm sure there were people who hated turning this car park into a park. But you can't imagine tarmacking over jubilee gardens so that people can park there.

Change is hard, but once it happens no one will ever want to go back.

Reposted by Christian Odendahl

Apparently the pushback was from DGs DGT, SG, RTD, SJ, JRC and HR who all thought IAA had an unfair allotment of vowels.

There are 9 DGs?
Industrial accelerator act delayed…until March. Rejected by 9 DGs and von der Leyen

Reposted by Christian Odendahl

Industrial accelerator act delayed…until March. Rejected by 9 DGs and von der Leyen

Reposted by Christian Odendahl

Guys guys guys my book is on sale!!!

No not *that* kind of sale... if you preorder it from Waterstones between now and midnight Friday you get 25% off. #WPreorder

www.waterstones.com/book/how-to-...