iiinova — where your digital self keeps evolving

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Charlotte Rommerskirchen @crommers.bsky.social · 01/10/2026

Tippy global euro in one fabulous diagram, 🌟

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Just joking maybe toking lawr 𓐭 @jogainen.bsky.social · 30/09/2026

What the fuck is that picture

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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 30/09/2026

Also the figure explicitly states what it depicts buddy, get some glasses

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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 30/09/2026

Omg so miss this kind of twitter conversations on here

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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 30/09/2026

EU dollar dependence is rooted in global pricing practices ranging from the dollar-denominated benchmarks of the London Metal Exchange and agricultural commodities at the Chicago Board of Trade to complex high-tech and aerospace supply chains (think AMSL)

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Marcel Dirsus @marceldirsus.com · 29/09/2026

My favourite chart this year:

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Jim Kane @kanejim.bsky.social · 29/09/2026

investing in AI labs will wipe out humanity, fully fund pensions.

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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 29/09/2026

It's a clear pattern, ask @merijnoudenampsen.org for more examples en.wikipedia.org/wiki/Thierry... en.wikipedia.org/wiki/Frits_B...

en.wikipedia.org

Thierry Baudet - Wikipedia

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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 28/09/2026

The Building the Global Euro report summarised in one simple diagram...

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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 28/09/2026

Haha there is an interactive HTML version with the report where we anwer all these questions!!!

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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 28/09/2026

➡️ A strategy on the model of the 2012 Four Presidents’ report, endorsed by the European Council ➡️ A standing Eurogroup+ taskforce to carry it ➡️ A Euro Internationalisation chapter of the European Semester to track progress

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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 28/09/2026

Does building the global euro require Treaty change? NO, in the report we set out three key proposals within the EU Treaties:

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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 28/09/2026

Our report offers 50+ pages of history of the global euro, economics of currency internationalisation and EU institutional analysis to solve the constraints. We hope it will be relevant for anyone interested in the 21st century European currency. empn.eu/publication/...

empn.eu

Building the Global Euro – European Macro Policy Network

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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 28/09/2026

We think the real constraints are political and institutional. More than 200 separate bodies share responsibility across payments, investment and trade (we give you a list in the appendix). A concerted strategy needs to work across fields.

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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 28/09/2026

The standard explanation for the euro's weak international role focus on individual policies: too few safe assets, capital markets too shallow and little to be done before the next Treaty reform.

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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 28/09/2026

The puzzle: The EU is deeply embedded in the global dollar system, creating geopolitical risks and undermining EU sovereignty. However, the EU is a large trading block and has all the institutional conditions to make the euro into an alternative to the dollar.

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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 28/09/2026

Finally out, with @shahinvallee.bsky.social our ambitious story for European Macro Policy Network (EMPN) on the future of the global euro empn.eu/publication/...

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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 16/09/2026

Couldnt be more timely! In @jeppjournal.bsky.social (open access), a detailed post mortem of the 2022 inflation shock, and suggestions how to do better this time.

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Benjamin Braun @benbraun.social · 23/08/2026

I feel sorry for the dentists and doctors. I also recall my presentation in 2024 at a meeting of their pension funds' asset allocators in Cologne. I delivered my usual message: Channelling pension capital into private assets is a really bad idea. They were not happy. Oh well.

How Germany’s doctors, lawyers and dentists got burnt by private markets bets
Questions mount over management of mandatory pension schemes for professionals worth €300bn

Rentensysteme, Kapitaldeckung und Private Market-Anlagen im internationalen Vergleich
Benjamin Braun

MPIfG, Köln

2024-04-26

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Stephan Gruber @stephangruber.bsky.social · 15/08/2026

I wrote this for @phenomenalworld.bsky.social on the politics of Peru's growth model in the wake of Fujimori's election. The "Peruvian Model" is praised for resilient macro stability amid political turmoil — but I focus on its downsides: how it blocks structural change and hollows out democracy.

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Cody Hochstenbach @codyhochstenbach.bsky.social · 05/08/2026

Hittestress in de woning is een urgent thema. Wat weinig aandacht krijgt: degenen die het meest worden blootgesteld aan hittestress kunnen er het minst tegen doen. Hoog tijd deze dubbele ongelijkheid aan te pakken met een recht op koele huisvesting @jvtk.bsky.social www.volkskrant.nl/columns-opin...

volkskrant.nl

Opinie: Iedereen heeft recht op een koele woning

Degenen die het meest worden blootgesteld aan hittestress kunnen er momenteel het minst tegen doen. Een recht op een koele woning pakt deze dubbele ongelijkheid aan, met een gezondere woning tot gevol...

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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 07/07/2026

Thanks Dan, likewise for your book, it looks super interesting

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Albert Pinto @70sbachchan.bsky.social · 28/06/2026

Imagine if hundreds of people died in hurricane or floods smashing through Europe Heatwaves have already killed that many ppl. They are a silent killer in that they dont generate outrage or fear. Hope this by @economist.com helps save lives as Europeans wake up to danger bsky.app/profile/eate...

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Isabella M. Weber @isabellamweber.bsky.social · 23/06/2026

Can the ECB stop chasing oil price spikes, please? This is the message of this important study in a nutshell. Inflation is all about fossilflation. So, we need a way to stabilize our economies that does not undermine the green transition we need, which is exactly what rate hikes end up doing.

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Daniela Gabor @danielagabor.bsky.social · 23/06/2026

Tightening against an energy price shock is a crude response, that only works if it chokes the economy, and green investment with it. It shouldn't be so controversial for the ECB to accept it.

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Shahin Vallée @shahinvallee.bsky.social · 23/06/2026

Very interesting paper and thread by friends on the tensions between inflation fight and accelerating the transition (which is key to anchor long term inflation expectations).

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Benjamin Braun @benbraun.social · 23/06/2026

The ECB just hiked into an oil price shock, again. In our new paper for the EP Monetary Dialogue, we argue that this needs to stop. 🧵 If inflation is a function of the energy mix (✅) and the energy mix a function of monetary policy (✅), then even a narrow reading of the ECB’s mandate ... 1/

STUDY
Requested by the ECON Committee
Monetary Dialogue Papers, June 2026

"Inflation, Supply Shocks and the Case for a Cautious and Differentiated Monetary Policy Response"

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Benjamin Braun @benbraun.social · 19/06/2026

Counterpoint: Easy to make case that the ECB should not have hiked in an undifferentiated manner. The EMPN team are making that case in our upcoming Monetary Dialogue Paper, out next week. @claraleonard.bsky.social @jvtk.bsky.social

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Benjamin Braun @benbraun.social · 11/06/2026

When oil prices rise, the ECB hikes rates. The show is entering its 6th season. From ongoing work of the EMPN network with @claraleonard.bsky.social, @jvtk.bsky.social & Eric Monnet.

Plot: title = "Energy price inflation and overall inflation, in %", subtitle = "The history of ECB rate hikes is the history of oil price shocks",
x = year, y = "% change, year-on-year"

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Green Central Banking @greencb.bsky.social · 11/06/2026

The latest Banking on Climate Chaos report finds that financing of fossil fuels has increased. But financing varies largely by region. The US and Japan have invested the most, while Europe has declined.

greencentralbanking.com

Fossil fuel financing by big banks jumped 8% in 2025, analysis finds

More than a third of banks, particularly in Europe, cut fossil fuel financing due to regulation.

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M.R. Robinson @mruthrobinson.bsky.social · 09/06/2026

If you have ever emailed a writer to let them know you enjoyed something they wrote, you are among the noblest and best and most saintly in this entire world, and I hope you sleep really well tonight.

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Anna Zech @asezech.bsky.social · 08/06/2026

As part of our Max Planck Law Fellow Group, we have been running a webinar series on Independence and Democracy in the EU. This Wednesday, 10th June from 2.30 PM we are hosting what promises to be a very interesting discussion on US cryptomercantilism vs EU monetary sovereignty.

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Karthik Sankaran @rajakorman.bsky.social · 05/06/2026

Step out of this.

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arr @arr.bsky.social · 05/06/2026

english isn't for cowards. if you're not saying 'torpify,' that's a skill issue. there's no Académie Française telling you what to do. if you try to type 'pallific' and freak out when you see a little red underline, maybe you're not ready to roll with the big dogs.

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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 04/06/2026

⏰This proposal looks really well thought-through and may also contain important insights for the EU. 💡Doing away with liability is an effective way to cut red tape and promote new private sector initiative. 😎 Expect the European People's Party to make a similar EU proposal soon.

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derek guy @dieworkwear.bsky.social · 11/04/2026

first in my bloodline to see someone get excommunicated by a community note

"Magataotao" on Twitter writes: "I am Catholic. This👇is not my Pope."

Attached is a video of the Pope saying that we should search for peace and reject war.

A community note under their tweet says: "You are not a Catholic if you do not accept the Pope, but rather a schismatic.

Canon 751: “Schism is the refusal of submission to the Supreme Pontiff,” ie. the Pope.

https://www.vatican.va/archive/cod-iuris-canonici/eng/documents/cic_lib3-cann747-755_en.html"

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Andrei Sterescu @andreisterescu.bsky.social · 02/06/2026

The @pkrugman.bsky.social and @lugaricano.bsky.social debate centres on whether Europe's relative position depends on how productivity is measured. Using industry-level data, I break the gap down into its sectoral and capital components to see what is driving it. substack.com/@andreistere...

substack.com

Europe's Productivity Debate Needs Better Data

Krugman is right that Europe's relative living standards have held up better than the decline narrative suggests. His critics are right that America has built a lead in intangible capital and tech.

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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 02/06/2026

Wishing OpenAI all the best with "Why is there something rather than nothing?"

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Mathijs Bouman @mathijsbouman.nl · 02/06/2026

EW gaat door de ondergrens

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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 02/06/2026

Ha well, probably a few more yes, but then also you could strengthen the safe asset characteristics of other Eurozone debt (doing TPI better) and still have extra EU level debt. It's not either/or, you don't need there to be $40 trillion of the benchmark asset.

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Palma Polyak @palmapolyak.bsky.social · 02/06/2026

Fully share the conclusion about the slim chances of EUR/RMB—but I recently learned from @helene-rey.bsky.social that persistent CA deficits are *not* a prerequisite for currency internationalization. The US is in fact "the banker of the world", central in gross positions www.ft.com/content/5bc0...

Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://help.ft.com/faq/gifting-and-sharing-an-article/what-is-a-gift-article/.
https://www.ft.com/content/5bc02699-3eda-465b-bd73-f5e8b9573ae8

Equally persistent is the misunderstanding that the international role of the dollar requires the US to run sustained current account deficits. In reality, global dollar liquidity is supported by the vast stock of US Treasuries and other safe-dollar assets held across the world. When foreign investors hold US Treasuries, they are recorded as gross external liabilities of the US but they are not necessarily linked to net financial flows captured in the current account.

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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 02/06/2026

I agree but I don't think they are prerequisites in the same way, there's a lot EU could do while the bund is still the safe asset, but with chinese capital account there seem to be quite tight constraints on RMB's international role

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Iñaki Aldasoro @aldasoro.bsky.social · 30/05/2026

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The New World @thenewworldmag.bsky.social · 30/05/2026

A hidden Brussels unit plans the continent’s disaster response - and citizens want it to do more, not less ✏️ @jamesrball.com

buff.ly

Inside the EU’s crisis war room

A hidden Brussels unit plans the continent’s disaster response - and citizens want it to do more, not less

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