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Lasse Boehm @boehmlasse.bsky.social · 06/10/2026

On today’s EP debate on the MFF: no deal on the MFF would not just mean a freeze of current spending levels but also a freeze to the budget *structure* - meaning no shift of spending to new priorities. Also, NGEU repayment will kick-in regardless, eating into whatever money is left.

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Lasse Boehm @boehmlasse.bsky.social · 16/09/2026

On the economy ("our number one priority"), the Commission seems to be withdrawing to a purely procedural approach: the One Europe, One Market Roadmap (while useful!) does not contain any commitment of substance, only on timing - and it does not tackle the issue of national vs EU competences #SOTEU

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Lasse Boehm @boehmlasse.bsky.social · 16/09/2026

The key analytical lens to approach #SOTEU is whether any of the actions proposed are full-fledged policies or mere initiatives: does the Commission propose something that it can (and want) to pursue over time and across different layers of governance and which is coherent with other action taken?

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Lasse Boehm @boehmlasse.bsky.social · 10/09/2026

If you needed a warning about whether the next MFF will ensure the EU achieves all its objectives, look no further than the latest @euauditors.bsky.social report on #RePowerEU. It's not just the total sum that matters but the governance: without quantifiable objectives, implementation is diffuse.

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Lasse Boehm @boehmlasse.bsky.social · 07/07/2026

Dollar-denominated stablecoins: the European Parliament today (in a non-legislative vote) expressed its concern for their impact on the EU's monetary sovereignty and called for a robust regulatory framework. #crypto

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Henry Mance @henrymance.ft.com · 06/07/2026

Incredible

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Lasse Boehm @boehmlasse.bsky.social · 23/06/2026

The European Parliament's Committee on Economic and Monetary Affairs just approved, in first reading, the proposal for a Digital Euro with 43 votes in favour, 14 against and 1 abstention - the first step towards what could become the world's first fully-digital sovereign currency.

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Anna Heckhausen @annaheckhausen.bsky.social · 11/06/2026

The numbers are finally on the table. The Cypriot Council Presidency has published its long-awaited first negotiating box with figures for the EU’s next 7-year budget, the #MFF. A first take on what changes, what doesn’t – and why Berlin will not be very happy. 1/

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Lasse Boehm @boehmlasse.bsky.social · 11/06/2026

As everyone waits for the Council's negobox negotiating position on the MFF, worth remembering that as things stand now the context for the next budget is (a) no more RRF spending which terminates this year, (b) NGEU repayment, and (c) an end to the National Escape Clauses on defence+energy by 2028.

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Lasse Boehm @boehmlasse.bsky.social · 09/06/2026

The end of FCAS also throws into doubt underlying quasi-neofunctionalist assumptions on defence industrial integration: shrinking fiscal space was going to structurally force EU Member States to co-operate.

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Lasse Boehm @boehmlasse.bsky.social · 03/06/2026

The European Commission gives Member States extra fiscal flexibility for energy spending - by opening up the National Escape Clauses originally intended for defence spending. The clearest sign yet just how much diverging policy priorities compete for ever shrinking fiscal space.

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Lasse Boehm @boehmlasse.bsky.social · 02/06/2026

For scale: SAP has a market cap of $230bln, Volkswagen just above $50bln.

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Lasse Boehm @boehmlasse.bsky.social · 20/05/2026

As wild as today's NYT story on Ahmadinejad sounds (obv I have no idea whether it's even remotely true) it underlines the point that there will be no simple off-ramp to the Iran war if by off-ramp we understand reverting back to the pre-war notion of stable (though bad) but predictable relations.

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Lasse Boehm @boehmlasse.bsky.social · 20/05/2026

Climate change is an abstract threat, but it becomes real in insurance premiums for houses in areas prone to floods, wildfires or hurricanes. Interesting article on the US mortgage re-insurance market, based on granular postcode-level data: www.nber.org/papers/w32579

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Lasse Boehm @boehmlasse.bsky.social · 12/05/2026

If you need an explainer on the slow-burning risk that is private credit in the US, look no further than our latest EGOV briefing: what’s going on, what risks it poses, and what can be done. www.europarl.europa.eu/RegData/etud...

europarl.europa.eu

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Lasse Boehm @boehmlasse.bsky.social · 05/05/2026

For any lovers of EU governance debates I recommend reading this week’s @nbb-bnb-fr.bsky.social paper by Wunsch & Langenus not because I agree with all it says, but because it asks some good questions. I agree EU debates often lack a reflection (or even consideration) of trade-offs.

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Lasse Boehm @boehmlasse.bsky.social · 05/05/2026

Interesting that Eurogroup Pres Pierrakakis mentions that national measures to buffer against high energy prices need to comply with fiscal rules - presumably reflects realisation that this crisis could last much longer than originally hoped.

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European Parliamentary Research Service @ep-eprs.bsky.social · 04/05/2026

🗓️ Tomorrow in ECON: Public Hearing on Market integration and supervision. 📑 Get ready with our EPRS briefings: 🔎 Master directive link.europa.eu/7fxh6B 🔎 Master regulation link.europa.eu/kKwmRm 🔎 Settlement finality link.europa.eu/gxrgvr @econ.europarl.europa.eu @aurorelalucq.bsky.social

EPRS briefing summary on 'Capital markets integration and supervision: Master directive' (March 2026)

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Lasse Boehm @boehmlasse.bsky.social · 04/05/2026

Different platform but if you’re on @linkedin.com and want to get the latest briefings and studies for the European Parliament’s Committee on Economic and Monetary Affairs then do follow the new “ECON expertise” LinkedIN account which went live today, powered by EGOV:

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Lasse Boehm @boehmlasse.bsky.social · 04/05/2026

Very useful tracker by @bruegel.org on EU measures on #energy - once again illustrating that the bulk of measures are untargeted, despite the burden on fiscal space: www.bruegel.org/dataset/2026...

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European Parliamentary Research Service @ep-eprs.bsky.social · 27/04/2026

📣 Check our latest infographic comparing Parliament's position, ahead of the plenary vote this week, with the Commission proposal. It breakdowns the proposed #MFF by its four headings. 🔎 link.europa.eu/Db8G4G

EPRS infographic '2028-2034 EU budget: Comparing Parliament's position with the Commission proposal' (April 2026)

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Lasse Boehm @boehmlasse.bsky.social · 22/04/2026

What we are seeing in EU energy and energy security policy right now is a classic governance problem (Who does what and how) in an asymmetric system with mixed competences (EU/national).

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Lasse Boehm @boehmlasse.bsky.social · 15/04/2026

The IMF is clear: increased defence coordination in the EU leads to higher economic growth and lower debt (blue line) compared to going-it-alone scenarios - provided Member States work together on procurement to achieve economies of scale, and buy European instead of importing all equipment.

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Lasse Boehm @boehmlasse.bsky.social · 08/04/2026

Quite the chart. Projection of US debt relative to GDP, by the US Government Accountability Office (assuming unchanged policies ofc) www.gao.gov/products/gao...

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Lasse Boehm @boehmlasse.bsky.social · 25/03/2026

Great to be at this year’s #ecbwatchers conference, and thanks to host Volker Wieland to mention EGOV studies for @europarl.europa.eu in the opening address. All EGOV studies are on LinkedIN and the website of the European Parliament’s Committee on Economic and Monetary Affairs (ECON).

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Lasse Boehm @boehmlasse.bsky.social · 20/03/2026

I see a lot of descriptions here of the present situation as a potential “American Suez”. The current situation may well turn out to be a watershed. But while Suez marked the passing of the baton from one hegemon to another, the systemic level remained stable - which looks increasingly unlikely.

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Lasse Boehm @boehmlasse.bsky.social · 20/03/2026

A Tale of Two Cities: Compare yesterday’s #EUCO conclusions to the March 2022 Versailles Declaration. While both emphasise renewables and grids, the latter also included a call to reduce energy demand. This then translated into the REPowerEU plan with its energy efficiency measures.

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Lasse Boehm @boehmlasse.bsky.social · 19/03/2026

In God we trust, everyone else pays cash? The EGOV team looked into who actually owns US debt and what this means. Spoiler: it ain’t that simple: www.europarl.europa.eu/RegData/etud...

europarl.europa.eu

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Lasse Boehm @boehmlasse.bsky.social · 19/03/2026

I find it very telling this #EUCO European Council was/is first hailed as a summit on competitiveness, then geopolitics, and now energy. In reality all three form a triangle, and unless agreement is found adressing all three issues, the EU won’t be getting out of the corner it is in.

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Lasse Boehm @boehmlasse.bsky.social · 26/02/2026

The European Parliament’s ECON committee endorses the nomination of Boris Vujčić as @ecb.europa.eu Vice-President with 38 votes in favour, 4 against, 7 abstentions. Consultation procedure, next: plenary. #ECB

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Lasse Boehm @boehmlasse.bsky.social · 23/02/2026

Sobering statistics on labour mobility in the single market, at least from the perspective of matching skills with labour market needs: less than a third of moves to other EU countries are motivated by employment considerations, compared to family reasons with 45%.

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Lasse Boehm @boehmlasse.bsky.social · 17/02/2026

Frank admission by #Eurogroup President Pierrakakis that the international role of the Euro will not be strengthened automatically simply because the US is set on destroying the global political order, but that Europe will need to do its homework esp Re CMU/SIU (quote below frm his official remarks)

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Lasse Boehm @boehmlasse.bsky.social · 15/02/2026

I understand everyone who wants to move on from Rubio’s #MSC2026 speech given that it was an attempt to split Europe in a nicer-than-Vance superficial way. A few things are worth keeping in mind though:

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Lasse Boehm @boehmlasse.bsky.social · 14/02/2026

Still wondering how to best call Rubio’s speech: an exercise in sketching out a (historically selective, to put it mildly) ethno-Christian transatlanticism translating into a neo-seigneurialism for “partners” who align behind the Trump administration policy agenda?

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Lasse Boehm @boehmlasse.bsky.social · 13/02/2026

If the EU wants to be serious about defence, we need to talk money and the economy: unless Member States reform public budgets in 2027/28 debt levels rise rapidly due to defence spending projections. (blue/back lines: unchanged fiscal policy; other lines: Member States following medium-term plans)

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Lasse Boehm @boehmlasse.bsky.social · 13/02/2026

Enhanced co-operation is more of a Pandora’s Box than meets the eye: While 26 out of 27 Member States moving ahead might unblock a stalled situation, the minimum of 9 MS going alone risks leading us into a Holy Roman Empire of overlapping micro-jurisdictions - the very opposite of a single market.

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Lasse Boehm @boehmlasse.bsky.social · 09/02/2026

Lagarde in @europarl.europa.eu: “advancing the Savings and Investments Union is essential. Swift agreement on the market integration and supervision package will deepen our capital markets and allow Europe to more effectively channel its considerable savings into productive investment.”

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European Central Bank @ecb.europa.eu · 09/02/2026

Live now: President Lagarde speaks at the @europarl.europa.eu plenary debate on the ECB’s Annual Report for 2024. Follow here multimedia.europarl.europa.eu/en/webstream...

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Lasse Boehm @boehmlasse.bsky.social · 24/01/2026

What always strikes me with analyses of European responses in the international arena is how readily the term “unity” is used, without questioning whether this is temporal or structural: Are we seeing unity, or merely an alignment of views? And in how far does it translate into pro-active policy?

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Nicolai von Ondarza @nvondarza.bsky.social · 24/01/2026

Last night the US National Defence Strategy was published, and it was a fitting end to this week underlining for Europeans and other US allies that the old world is not coming back. 'You're on your own, kid' seems the main message to me.

media.defense.gov

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Lasse Boehm @boehmlasse.bsky.social · 22/01/2026

Wondering what #Carney’s (accurate I think) description of the international system translates into: a system of shifting alliances which some aim to transform first into a more stable “Concert” akin to 19th century Europe, which could eventually morph into a renewed but selective multilateralism?

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Lasse Boehm @boehmlasse.bsky.social · 03/01/2026

In the age of global power politics and spheres of influence the EU’s external room for manoeuvre is shrinking fast. Its internal market though still provides it with levers to create agency, if it wants to use them - including for building a sound internal capital market to finance its security.

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Lasse Boehm @boehmlasse.bsky.social · 01/12/2025

The Capital Markets / Savings and Investments Union too often flies underneath the radar as too complex/divisive/long-term but this chart illustrates why it should be a top priority: *Half* of all investments by EU households go abroad, rather than being channelled to EU companies who need capital.

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Lasse Boehm @boehmlasse.bsky.social · 12/11/2025

The German Council of Economic Experts in its annual report out today calls for more centralised capital market supervision by ESMA, as well as a safe asset

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Lasse Boehm @boehmlasse.bsky.social · 11/11/2025

During the night and on the morning of 11 Nov 1918 as many as 11.000 soldiers of all sides are estimated to have been killed and wounded before the #armistice took effect at 11am. The sheer scale of #WWI is unimaginable.

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Lasse Boehm @boehmlasse.bsky.social · 13/10/2025

A reminder that the #energy transition is not driven by what is possible technologically, but by what is available in abundance and *at affordable prices*. Solar power continues to surge, driven by low costs in China: www.iea.org/news/global-...

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Lasse Boehm @boehmlasse.bsky.social · 13/10/2025

How big a problem are non-performing loans of smaller banks? Take a look at our latest EGOV briefing, accompanying today’s ECON hearing of Claudia Buch, Chair of the ECB supervisory board: www.europarl.europa.eu/RegData/etud...

europarl.europa.eu

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