(murmur from the back row) "Ah, of course. Overlapping symmetrical lattice points. Simples."

A good place to start is to equip Germany's new EV subsidies with buy-European clauses, copying France's scheme.

Coordinating such policies across the EU can help steer demand into its car sector.

If you spend EUR3 billion do it well. For more see our recent paper.

cer.eu/publications...

12/

As the Franco-German economic advisors noted in August, the growth rate of China’s new industrial lending has roughly quintupled since 2020 as bank credit shifted from property to manufacturing.

Unless you think China has a private banking sector, this is a policy choice.

6/

Something the US needs to accept too is that without a large-scale correction imposing consequences on a large number of people, the crisis of governance here will continue indefinitely

The willingness to use every weapon to block an agreement to reduce emissions, is another point for the theory that part of the economic base of Trumpism is a group of capital-owners who’ve decided that a rational response to climate change would involve an unacceptable loss of prerogatives.

“It is as though Europe is in a fight and bleeding out, but not wanting to take counter actions because it is afraid the opponent may step on its toe.”

"yes Mr President but theoretically, if I did recall our ambassador, what level would our tariffs be at...............uh huh, well that is a big number"

Another big open question: if tech rules are the red line, who and what holds it? There has been little appetite for retaliation against the US or even using the Anti-Coercion Instrument against US tech and finance, and France as the biggest proponent is in political turmoil.