Digested read on #secondChinashock in #Europe.
#ECB #geopolitics #globalimbalances
open.substack.com/pub/thinicem...
#ECB #geopolitics #globalimbalances
open.substack.com/pub/thinicem...
China 2.0: European Economy Edition
It's a big deal
open.substack.com
November 15, 2025 at 8:55 AM
Digested read on #secondChinashock in #Europe.
#ECB #geopolitics #globalimbalances
open.substack.com/pub/thinicem...
#ECB #geopolitics #globalimbalances
open.substack.com/pub/thinicem...
For the 1000th time in 1000 years: By lowering borrowing costs across the €zone #eurobonds boost growth and cut default risk. This safeguards the Frugals' banks, insurers, and TARGET2 balances while sustaining the export demand on which EU industry needs NOW in the eye of the #secondChinashock
A permanent #eurobond scheme worth 2% of GDP would lock in 1.5–2% long-run growth, lower debt ratios, and give us the fiscal firepower to withstand shocks. In the eye of the second #ChinaShock Germany's refusal is chauvanistic blindness, blocking the very mechanism the continent needs.
So let me get this straight? #EUCO can suddeenly create all kinds of strategies to work around unanimity regarding defense and enlargement, but not when it comes to permanently integrating NGEU-tested fiscal machinery, like joint EU debt, larger budgets, or more flexible investment mechanisms?
September 29, 2025 at 9:25 AM
For the 1000th time in 1000 years: By lowering borrowing costs across the €zone #eurobonds boost growth and cut default risk. This safeguards the Frugals' banks, insurers, and TARGET2 balances while sustaining the export demand on which EU industry needs NOW in the eye of the #secondChinashock