EU proposes bonds, ECB opens
15h
European Commission presented a report and the ECB opened liquidity lines to other central banks, aiming to bolster the euro’s international role by proposing shared bonds.
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"Welfare costs of bilateral currency crises: The role of international trade" is available at International Finance: doi.org/10.1111/infi.12385
February 17, 2026 at 11:30 AM
"Welfare costs of bilateral currency crises: The role of international trade" is available at International Finance: doi.org/10.1111/infi.12385
by Chad P. Bown Reposted by Simon Lester
European Union is planning to force EV manufacturers benefiting from state support to ensure that at least 70% of the components in their cars are made in the EU, as it seeks to protect the bloc’s industries from intense Chinese competition.
by @alicemhancock.bsky.social & Kana Inagaki
by @alicemhancock.bsky.social & Kana Inagaki
EVs must be 70% made in the EU to qualify for state support, Brussels says
Draft legislation on local content by European Commission seeks to protect bloc’s manufacturing industries
giftarticle.ft.com
February 16, 2026 at 10:50 PM
European Union is planning to force EV manufacturers benefiting from state support to ensure that at least 70% of the components in their cars are made in the EU, as it seeks to protect the bloc’s industries from intense Chinese competition.
by @alicemhancock.bsky.social & Kana Inagaki
by @alicemhancock.bsky.social & Kana Inagaki
by Laurent Pech Reposted by Steve Peers
It would be insane for @vonderleyen.ec.europa.eu @ec.europa.eu to unblock more EU funds following recent AG Opinion showing inter alia that the VDL Comm illegally unlocked €10.2bn on back of confidential decision containing no reasoning whatsoever (as I noted at time)
www.politico.eu/article/comm...
www.politico.eu/article/comm...
February 16, 2026 at 7:47 AM
It would be insane for @vonderleyen.ec.europa.eu @ec.europa.eu to unblock more EU funds following recent AG Opinion showing inter alia that the VDL Comm illegally unlocked €10.2bn on back of confidential decision containing no reasoning whatsoever (as I noted at time)
www.politico.eu/article/comm...
www.politico.eu/article/comm...
(2) Keep formats open to all member states who want/can join (with clear criteria). Otherwise “more speed” turns into exclusive clubs and fragments the EU. We already see countries like Ireland looking at the E6 quite sceptical.
Franco-German-led ‘E6’ format will be ‘temporary’, says Eurogroup president | Euractiv
Pierrakakis says he is "positive" about the decision by France, Germany, Italy, the Netherlands, Poland, and Spain to accelerate market integration
www.euractiv.com
February 17, 2026 at 9:53 AM
(2) Keep formats open to all member states who want/can join (with clear criteria). Otherwise “more speed” turns into exclusive clubs and fragments the EU. We already see countries like Ireland looking at the E6 quite sceptical.
Reposted by Juliet Johnson
Really excellent piece from @rajakorman.bsky.social, highlighting that the core barrier to the RMB rivaling the euro & the dollar as a major global reserve currency is that China's domestic financial markets are not remotely developed or globally integrated to the point that this is feasible.
February 16, 2026 at 5:40 AM
Really excellent piece from @rajakorman.bsky.social, highlighting that the core barrier to the RMB rivaling the euro & the dollar as a major global reserve currency is that China's domestic financial markets are not remotely developed or globally integrated to the point that this is feasible.
The economic and trade war is also being fought with currency, and the eurozone is also positioning itself.
The Governing Council has decided to enhance the Eurosystem repo facility for central banks (EUREP) to make it more flexible and effective in supporting the smooth transmission of euro area monetary policy.
Read the press release www.ecb.europa.eu/press/pr/dat...
Read the press release www.ecb.europa.eu/press/pr/dat...
February 16, 2026 at 12:25 PM
The economic and trade war is also being fought with currency, and the eurozone is also positioning itself.
As EU politics looks more and more nervously at the elections in 2027, expect a very packed decision-making agenda in the second half of 2026, with this just one of many examples:
EU leaders want to settle the ECB succession now to avoid a far-right "political season". Fast-tracking Lagarde’s replacement is seen as the only way to protect the bank from the chaos of the upcoming race for Macron's seat.
#ECB #eurozone #Lagarde #France
www.bloomberg.com/news/article...
#ECB #eurozone #Lagarde #France
www.bloomberg.com/news/article...
EU Governments May Want to Fast-Track Lagarde Succession at ECB
European governments may choose to fast-track finding a successor for Christine Lagarde at the European Central Bank to avoid having to deal with a far-right French president after 2027 elections.
www.bloomberg.com
February 16, 2026 at 1:25 PM
As EU politics looks more and more nervously at the elections in 2027, expect a very packed decision-making agenda in the second half of 2026, with this just one of many examples:
Reposted by Steve Peers, Marini Marini
The EU Commission must clearly explain its position on this so-called ‘Board of Peace’. There are serious concerns about the lack of transparency, unclear mandate, and risks of taking part in initiatives outside the UN framework.
@ymaniatis.bsky.social www.socialistsanddemocrats.eu/newsroom/eur...
@ymaniatis.bsky.social www.socialistsanddemocrats.eu/newsroom/eur...
European Commission must clarify its position on participation in Trump’s ‘Board of Peace’ | Socialists and Democrats
The Socialists and Democrats Group in the European Parliament is calling on the European Commission to clearly explain the political mandate and scope of its participa
www.socialistsanddemocrats.eu
February 17, 2026 at 8:26 AM
The EU Commission must clearly explain its position on this so-called ‘Board of Peace’. There are serious concerns about the lack of transparency, unclear mandate, and risks of taking part in initiatives outside the UN framework.
@ymaniatis.bsky.social www.socialistsanddemocrats.eu/newsroom/eur...
@ymaniatis.bsky.social www.socialistsanddemocrats.eu/newsroom/eur...
by Paul Davies
European solutions, but not for German banking!
February 16, 2026 at 2:47 PM
European solutions, but not for German banking!
I therefore argue that German EU policy should adhere to two principles:
(1) Embed flexibility in EU institutions. This avoids having to create separate institutions, allows using the EU's legal and political system and gives democratic legitimacy via EP involvement.
(1) Embed flexibility in EU institutions. This avoids having to create separate institutions, allows using the EU's legal and political system and gives democratic legitimacy via EP involvement.
February 17, 2026 at 9:53 AM
I therefore argue that German EU policy should adhere to two principles:
(1) Embed flexibility in EU institutions. This avoids having to create separate institutions, allows using the EU's legal and political system and gives democratic legitimacy via EP involvement.
(1) Embed flexibility in EU institutions. This avoids having to create separate institutions, allows using the EU's legal and political system and gives democratic legitimacy via EP involvement.
by Laurent Pech
Bottom line: You can’t trust the @vonderleyen.ec.europa.eu @ec.europa.eu when it comes to enforcing compliance with EU rule of law requirements. There has been a pattern of misleading the European Parliament and by extension all of us. See eg verfassungsblog.de/covering-up-...
February 16, 2026 at 4:07 PM
Bottom line: You can’t trust the @vonderleyen.ec.europa.eu @ec.europa.eu when it comes to enforcing compliance with EU rule of law requirements. There has been a pattern of misleading the European Parliament and by extension all of us. See eg verfassungsblog.de/covering-up-...
Reposted by Nicolai von Ondarza
EU leaders want to settle the ECB succession now to avoid a far-right "political season". Fast-tracking Lagarde’s replacement is seen as the only way to protect the bank from the chaos of the upcoming race for Macron's seat.
#ECB #eurozone #Lagarde #France
www.bloomberg.com/news/article...
#ECB #eurozone #Lagarde #France
www.bloomberg.com/news/article...
EU Governments May Want to Fast-Track Lagarde Succession at ECB
European governments may choose to fast-track finding a successor for Christine Lagarde at the European Central Bank to avoid having to deal with a far-right French president after 2027 elections.
www.bloomberg.com
February 16, 2026 at 1:08 PM
EU leaders want to settle the ECB succession now to avoid a far-right "political season". Fast-tracking Lagarde’s replacement is seen as the only way to protect the bank from the chaos of the upcoming race for Macron's seat.
#ECB #eurozone #Lagarde #France
www.bloomberg.com/news/article...
#ECB #eurozone #Lagarde #France
www.bloomberg.com/news/article...
First in-person meeting of the new grouping of six largest EU economies finance ministers met today at the margins of the ECOFIN Council. My understanding is that the aim is less to create an exclusive coalition of the willing but rather give impetus into the wider EU decision-making process.
France, Germany, Italy, the Netherlands, Poland and Spain held today the second meeting of the E6 to "advance the resilience, sovereignty and competitiveness of Europe."
They focused on how to unblock the Savings and Investments Union and how to strengthen supply chains for critical raw materials.
They focused on how to unblock the Savings and Investments Union and how to strengthen supply chains for critical raw materials.
February 16, 2026 at 2:27 PM
First in-person meeting of the new grouping of six largest EU economies finance ministers met today at the margins of the ECOFIN Council. My understanding is that the aim is less to create an exclusive coalition of the willing but rather give impetus into the wider EU decision-making process.
That in itself will be hard enough. The group - bringing together DE, ES, FR, IT, NL & PL is not a classical 'like-minded' group, but rather brings together diverse positions on all major EU economic issues.
So I remain a bit curious/sceptical whether they can develop meaningful joint initiatives.
So I remain a bit curious/sceptical whether they can develop meaningful joint initiatives.
February 16, 2026 at 2:27 PM
That in itself will be hard enough. The group - bringing together DE, ES, FR, IT, NL & PL is not a classical 'like-minded' group, but rather brings together diverse positions on all major EU economic issues.
So I remain a bit curious/sceptical whether they can develop meaningful joint initiatives.
So I remain a bit curious/sceptical whether they can develop meaningful joint initiatives.