Francesco PAPADIA
@francz.bsky.social
Economist at Bruegel. Former European Central Bank director general.
Bruegel recently republished an essay written with Leonardo Cadamuro: www.bruegel.org/external-pub.... We try to dispel the despondency too often affecting Europeans and sapping their actions.
Forty years of European History: Crisis, Resilience, Development and Opportunity
www.bruegel.org
November 11, 2025 at 10:53 AM
Bruegel recently republished an essay written with Leonardo Cadamuro: www.bruegel.org/external-pub.... We try to dispel the despondency too often affecting Europeans and sapping their actions.
The EU has been hit in the last few decades by 3 raw material shocks: oil in the 1970s, gas in 2022 and now rare earths. They overcame the 2nd shock faster than the 1st one. Is the 3rd one more similar to the 1st or the 2nd? How do the 3 shocks compare in size and substitutability?
October 29, 2025 at 10:01 AM
The EU has been hit in the last few decades by 3 raw material shocks: oil in the 1970s, gas in 2022 and now rare earths. They overcame the 2nd shock faster than the 1st one. Is the 3rd one more similar to the 1st or the 2nd? How do the 3 shocks compare in size and substitutability?
I see similarities between the weaponisation of the $ by the US and the weaponisation of rare earths by China: both are effective in the short to medium run, both incentivise alternatives, weakening their effect, in the medium to long run. Would be interesting to see which effect will fade faster.
October 16, 2025 at 12:38 PM
I see similarities between the weaponisation of the $ by the US and the weaponisation of rare earths by China: both are effective in the short to medium run, both incentivise alternatives, weakening their effect, in the medium to long run. Would be interesting to see which effect will fade faster.
Reposted by Francesco PAPADIA
⏳ How long will the #tariff madness last?
🤔 With discussion turning away from changing the US' tariffs towards predicting how long they will last, are there grounds for optimism?
🖊️ By @francz.bsky.social
🔗 buff.ly/O5NGr2Y
#EconSky
🤔 With discussion turning away from changing the US' tariffs towards predicting how long they will last, are there grounds for optimism?
🖊️ By @francz.bsky.social
🔗 buff.ly/O5NGr2Y
#EconSky
How long will the tariff madness last?
Pessimists argue Trump’s tariffs are here to stay; optimists argue that governments have limited ability to inflict pain on their electorates
buff.ly
August 27, 2025 at 9:51 AM
⏳ How long will the #tariff madness last?
🤔 With discussion turning away from changing the US' tariffs towards predicting how long they will last, are there grounds for optimism?
🖊️ By @francz.bsky.social
🔗 buff.ly/O5NGr2Y
#EconSky
🤔 With discussion turning away from changing the US' tariffs towards predicting how long they will last, are there grounds for optimism?
🖊️ By @francz.bsky.social
🔗 buff.ly/O5NGr2Y
#EconSky
With the tariff agreement with the US and now with the Trump-Putin meeting on Ukraine, the EU is suffering unavoidable but painful humiliations. This is the precondition for understanding that we must further our unity and strengthen our independence. Humiliations can provide strong incentives.
August 12, 2025 at 8:44 AM
With the tariff agreement with the US and now with the Trump-Putin meeting on Ukraine, the EU is suffering unavoidable but painful humiliations. This is the precondition for understanding that we must further our unity and strengthen our independence. Humiliations can provide strong incentives.
Reposted by Francesco PAPADIA
WE ARE HIRING!
Bruegel is looking for a skilled Operations Assistant for its office in Brussels to undertake various day-to-day office and operations tasks.
🔗 Apply before Wednesday 13th August 2025, 23:59 CET: www.bruegel.org/careers/oper...
Bruegel is looking for a skilled Operations Assistant for its office in Brussels to undertake various day-to-day office and operations tasks.
🔗 Apply before Wednesday 13th August 2025, 23:59 CET: www.bruegel.org/careers/oper...
July 30, 2025 at 3:14 PM
WE ARE HIRING!
Bruegel is looking for a skilled Operations Assistant for its office in Brussels to undertake various day-to-day office and operations tasks.
🔗 Apply before Wednesday 13th August 2025, 23:59 CET: www.bruegel.org/careers/oper...
Bruegel is looking for a skilled Operations Assistant for its office in Brussels to undertake various day-to-day office and operations tasks.
🔗 Apply before Wednesday 13th August 2025, 23:59 CET: www.bruegel.org/careers/oper...
1 Tariffs worsen growth and inflation;
2 Increasing tariffs is contrary to the long trend towards free trade;
3 All commentary considers the increased level of tariffs as persistent.
3 is not consistent with 1 and 2.
Can the mid-term elections, or the next presidential election, reduce tariffs?
2 Increasing tariffs is contrary to the long trend towards free trade;
3 All commentary considers the increased level of tariffs as persistent.
3 is not consistent with 1 and 2.
Can the mid-term elections, or the next presidential election, reduce tariffs?
July 30, 2025 at 5:51 PM
1 Tariffs worsen growth and inflation;
2 Increasing tariffs is contrary to the long trend towards free trade;
3 All commentary considers the increased level of tariffs as persistent.
3 is not consistent with 1 and 2.
Can the mid-term elections, or the next presidential election, reduce tariffs?
2 Increasing tariffs is contrary to the long trend towards free trade;
3 All commentary considers the increased level of tariffs as persistent.
3 is not consistent with 1 and 2.
Can the mid-term elections, or the next presidential election, reduce tariffs?
Two optimistic, maybe wrong, interpretations. 1. An extreme political shock favoured the US's traditional populist soul against its liberal one, and Roth's Plot Against America has become real, but will not last. 2. Europe is forced to surpass colonialism and the two World Wars and become an adult.
June 19, 2025 at 1:36 PM
Two optimistic, maybe wrong, interpretations. 1. An extreme political shock favoured the US's traditional populist soul against its liberal one, and Roth's Plot Against America has become real, but will not last. 2. Europe is forced to surpass colonialism and the two World Wars and become an adult.
The coming Sunday I will participate in the Brussels 20km. I still have not reached my donation objective. Please sponsor me for MSF.
projects.collect.msf-azg.be/fundraisers/...
Thanks in advance
projects.collect.msf-azg.be/fundraisers/...
Thanks in advance
Brussels 20km 2025
Hello,
I'm running the 20km of Brussels for Médecins Sans Frontières (MSF).
Please sponsor me! The donations collected will be used to support various projects and ensure the continuity of MSF's act...
projects.collect.msf-azg.be
May 20, 2025 at 7:44 PM
The coming Sunday I will participate in the Brussels 20km. I still have not reached my donation objective. Please sponsor me for MSF.
projects.collect.msf-azg.be/fundraisers/...
Thanks in advance
projects.collect.msf-azg.be/fundraisers/...
Thanks in advance
There is a common feature in French, Canadian, Australian and Romanian elections: confronted with a possible win by an extreme right party, electors choose the candidate best able to defeat it. Unfortunate exceptions are: Italy, Hungary, Israel.
May 20, 2025 at 7:41 PM
There is a common feature in French, Canadian, Australian and Romanian elections: confronted with a possible win by an extreme right party, electors choose the candidate best able to defeat it. Unfortunate exceptions are: Italy, Hungary, Israel.
Reposted by Francesco PAPADIA
🔍 The ECB’s Digital Euro and new operational framework: is there an overlap?
📅 2 June 2025 12:30-13:45 CEST
Join @rebeccawire.bsky.social , Ulrich Bindseil & Imène Rahmouni-Rousseau of @ecb.europa.eu , @francz.bsky.social & Alberto Franco Pozzolo for this conversation!
🔗 Sign up: buff.ly/qoDnKtB
📅 2 June 2025 12:30-13:45 CEST
Join @rebeccawire.bsky.social , Ulrich Bindseil & Imène Rahmouni-Rousseau of @ecb.europa.eu , @francz.bsky.social & Alberto Franco Pozzolo for this conversation!
🔗 Sign up: buff.ly/qoDnKtB
May 13, 2025 at 12:02 PM
🔍 The ECB’s Digital Euro and new operational framework: is there an overlap?
📅 2 June 2025 12:30-13:45 CEST
Join @rebeccawire.bsky.social , Ulrich Bindseil & Imène Rahmouni-Rousseau of @ecb.europa.eu , @francz.bsky.social & Alberto Franco Pozzolo for this conversation!
🔗 Sign up: buff.ly/qoDnKtB
📅 2 June 2025 12:30-13:45 CEST
Join @rebeccawire.bsky.social , Ulrich Bindseil & Imène Rahmouni-Rousseau of @ecb.europa.eu , @francz.bsky.social & Alberto Franco Pozzolo for this conversation!
🔗 Sign up: buff.ly/qoDnKtB
Reposted by Francesco PAPADIA
🤝 UK-EU relations
With the London Summit approaching, on the agenda so far for a post-Brexit reset are defence, trade, and a possible youth mobility scheme.
🪙 Time to add finance?
🖊️ Jesper Berg, @rebeccawire.bsky.social @hansgeeroms.bsky.social @francz.bsky.social
🔗 buff.ly/PknBeg9
#EconSky
With the London Summit approaching, on the agenda so far for a post-Brexit reset are defence, trade, and a possible youth mobility scheme.
🪙 Time to add finance?
🖊️ Jesper Berg, @rebeccawire.bsky.social @hansgeeroms.bsky.social @francz.bsky.social
🔗 buff.ly/PknBeg9
#EconSky
Make finance part of the EU-UK post-Brexit reset
The EU and UK should address issues with the clearing and settlement industry and letterbox firms
buff.ly
May 5, 2025 at 1:00 PM
🤝 UK-EU relations
With the London Summit approaching, on the agenda so far for a post-Brexit reset are defence, trade, and a possible youth mobility scheme.
🪙 Time to add finance?
🖊️ Jesper Berg, @rebeccawire.bsky.social @hansgeeroms.bsky.social @francz.bsky.social
🔗 buff.ly/PknBeg9
#EconSky
With the London Summit approaching, on the agenda so far for a post-Brexit reset are defence, trade, and a possible youth mobility scheme.
🪙 Time to add finance?
🖊️ Jesper Berg, @rebeccawire.bsky.social @hansgeeroms.bsky.social @francz.bsky.social
🔗 buff.ly/PknBeg9
#EconSky
projects.collect.msf-azg.be/fundraisers/...
I am training to get to the finish in a decent time, but I am still far from my donation objectives. Please sponsor me and help me help Medecins Sans Frontières.
I am training to get to the finish in a decent time, but I am still far from my donation objectives. Please sponsor me and help me help Medecins Sans Frontières.
Brussels 20km 2025
Hello,
I'm running the 20km of Brussels for Médecins Sans Frontières (MSF).
Please sponsor me! The donations collected will be used to support various projects and ensure the continuity of MSF's act...
projects.collect.msf-azg.be
April 29, 2025 at 12:31 PM
projects.collect.msf-azg.be/fundraisers/...
I am training to get to the finish in a decent time, but I am still far from my donation objectives. Please sponsor me and help me help Medecins Sans Frontières.
I am training to get to the finish in a decent time, but I am still far from my donation objectives. Please sponsor me and help me help Medecins Sans Frontières.
I sensed a tension in #Lagarde's press conference today:
-It is clear that tariffs are imparting a negative demand shock, while there is no clear inflation impact
-Monetary policy will remain meeting by meeting without a clear path.
An indication of a downward path would have been justified.
-It is clear that tariffs are imparting a negative demand shock, while there is no clear inflation impact
-Monetary policy will remain meeting by meeting without a clear path.
An indication of a downward path would have been justified.
April 17, 2025 at 2:50 PM
I sensed a tension in #Lagarde's press conference today:
-It is clear that tariffs are imparting a negative demand shock, while there is no clear inflation impact
-Monetary policy will remain meeting by meeting without a clear path.
An indication of a downward path would have been justified.
-It is clear that tariffs are imparting a negative demand shock, while there is no clear inflation impact
-Monetary policy will remain meeting by meeting without a clear path.
An indication of a downward path would have been justified.
The most important message in #Trump's backdown on tariffs is not that he suspended some of them but that the market can force a change. I expect more of this going forward, also regarding China, as both Xi and Trump must reckon with market consequences.
April 11, 2025 at 7:49 AM
The most important message in #Trump's backdown on tariffs is not that he suspended some of them but that the market can force a change. I expect more of this going forward, also regarding China, as both Xi and Trump must reckon with market consequences.
How much pain can a democratically elected politician can impose on his/her country?
Truss# was stopped before it could produce too much damage.
How long will Trump# be allowed to ruin his country and the world before he is stopped?
Truss# was stopped before it could produce too much damage.
How long will Trump# be allowed to ruin his country and the world before he is stopped?
April 7, 2025 at 12:26 PM
How much pain can a democratically elected politician can impose on his/her country?
Truss# was stopped before it could produce too much damage.
How long will Trump# be allowed to ruin his country and the world before he is stopped?
Truss# was stopped before it could produce too much damage.
How long will Trump# be allowed to ruin his country and the world before he is stopped?
Reposted by Francesco PAPADIA
This is, in my opinion, ground enough to terminate all EU interactions with anything musky.
March 15, 2025 at 8:55 AM
This is, in my opinion, ground enough to terminate all EU interactions with anything musky.
Reposted by Francesco PAPADIA
A great piece explaining how US tariffs on Canadian imports lead to higher prices and less choice - exemplified by drum kits produced by two branches of a family separated decades ago & producing the same product in Canada & the US. Cullen Hendrix @piie.com
www.piie.com/blogs/realti...
www.piie.com/blogs/realti...
US tariffs could crash the market for North American drummers
North America’s two largest cymbal producers share a family lineage and approaches to cymbal making. What they don’t share is a country of origin. One is US-based, the other Canadian. The similarities...
www.piie.com
March 15, 2025 at 9:23 AM
A great piece explaining how US tariffs on Canadian imports lead to higher prices and less choice - exemplified by drum kits produced by two branches of a family separated decades ago & producing the same product in Canada & the US. Cullen Hendrix @piie.com
www.piie.com/blogs/realti...
www.piie.com/blogs/realti...
Reposted by Francesco PAPADIA
Cowards be cowards.
❗️🇮🇹Italy has no intention of participating in the peacekeeping mission in 🇺🇦Ukraine — Italian Prime Minister Meloni
March 15, 2025 at 1:37 PM
Cowards be cowards.
Reposted by Francesco PAPADIA
"It's still kinda funny, but maybe not quite so innocently amusing anymore." www.spytalk.co/p/inside-the...
Inside the US War Plans to Invade Canada
A military blueprint to attack Canada has been on the books for almost a century now. Former Washington Post feature writer Peter Carlson recounts how he came across it 20 years ago.
www.spytalk.co
March 16, 2025 at 9:11 AM
"It's still kinda funny, but maybe not quite so innocently amusing anymore." www.spytalk.co/p/inside-the...
Reposted by Francesco PAPADIA
“What we need today is to produce more Rafales, more air defence systems, more ammunition. We need to desensitise several countries from their dependence on the F-35 and expand the Rafale club.”
March 16, 2025 at 11:40 AM
“What we need today is to produce more Rafales, more air defence systems, more ammunition. We need to desensitise several countries from their dependence on the F-35 and expand the Rafale club.”