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Alessandro Merli

@merlialess.bsky.social
379 followers 172 following 113 posts

Associate fellow, Johns Hopkins University SAIS Europe. Former London, Frankfurt correspondent, ECB watcher at Sole 24 Ore. Columnist, Tennis Italiano

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Alessandro Merli @merlialess.bsky.social · 01/07/2026
Not so brilliant international debut of Kevin Warsh @federalreserve.gov at #ECBforum in Sintra @ecb.europa.eu
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Alessandro Merli @merlialess.bsky.social · 01/07/2026
Big guns are out at #ECBforum
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Alessandro Merli @merlialess.bsky.social · 01/07/2026
What is Christine Lagarde @president.ecb.europa.eu saying at the #ECBforum in Sintra that is leaving me so perplexed?
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Christine Lagarde @president.ecb.europa.eu · 25/03/2026
The ECB’s response to the current energy price shock will be rooted in our monetary policy strategy which is well equipped to help us navigate it. That was my message at the #ECBWatchers conference. Read my speech www.ecb.europa.eu/press/key/da...
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Jon Cooper @joncooper-us.bsky.social · 01/03/2026
🎯🎯
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Bård Harstad @bardharstad.bsky.social · 27/02/2026
The physical distance may be large, but the 2026 Prize by Stanford @siepr.bsky.social draws attention to the EU's forthcoming (decarb+competitiveness) transition: siepr.stanford.edu/news/mario-d...
siepr.stanford.edu
Mario Draghi, influential EU economist, receives 2026 SIEPR Prize
The former president of the European Central Bank is recognized for his career in shaping economic policy, including leading the euro bloc through its 2010s debt crisis.
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Reuters @reuters.com · 26/02/2026
Portugal's EDP moves to supply data centre boom in Iberia, CEO says reut.rs/4l6t5YU
reut.rs
Portugal's EDP moves to supply data centre boom in Iberia, CEO says
Portugal's largest utility EDP is moving to supply the boom in data centre projects in Iberia, attracted by electricity prices that are set to remain low compared with much of Europe, CEO Miguel Stilwell de Andrade said on Thursday.
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Financial Times @financialtimes.com · 22/02/2026
Adults who don’t engage in strength training stand to lose five to 10 per cent of their muscle mass per decade. But an over-fixation on heavier weights can also cause problems. ⁠ ⁠ How heavy is too heavy? We asked the experts: ft.trib.al/5UuOKZU
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News Eye @newseye.bsky.social · 20/02/2026
These words by Supreme Justice Gorsuch should be printed, in full, on tomorrow’s front pages.
For those who think it important for the Nation to impose more tariffs, I understand that today's decision will be dis-appointing. All I can offer them is that most major decisions affecting the rights and responsibilities of the American people (including the duty to pay taxes and tariffs) are funneled through the legislative process for a reason. Yes, legislating can be hard and take time. And, yes, it can be tempting to bypass Congress when some pressing problem arises. But the deliberative nature of the legislative process was the whole point of its design. Through that process, the Nation can tap the combined wisdom of the people's elected representatives, not just that of one faction or man. There, deliberation tempers impulse, and compromise hammers disagreements into workable solutions. And because laws must earn such broad support to survive the legislative pro-cess, they tend to endure, allowing ordinary people to plan their lives in ways they cannot when the rules shift from day to day. In all, the legislative process helps ensure each of us has a stake in the laws that govern us and in the Nation's future. For some today, the weight of those virtues is apparent. For others, it may not seem so obvious. But if history is any guide, the tables will turn and the day will come when those disappointed by today's result will appreciate the legislative process for the bulwark of liberty it is.
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David Wessel @davidmwessel.bsky.social · 20/02/2026
Trump invokes Section 122 of Trade Act of 1974. It authorizes president to impose quotas & tariffs of as much as 15% for up to 150 days against countries that have “large and serious” balance-of-payment surpluses with US. Provision has never been invoked before. www.brookings.edu/articles/wha...
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Peterson Institute for International Economics @piie.com · 20/02/2026
NEW: Alan Wm. Wolff writes the Supreme Court's ruling against Trump's sweeping tariffs imposed under IEEPA is welcome, but is not about whether the policy of having tariffs was a good one, just that the president does not have such power under the statute.
piie.com
The Supreme Court's welcome ruling on Trump's tariffs
The US Supreme Court has ruled against President Donald Trump's sweeping tariffs imposed by claiming emergency powers under the International Emergency Economic Powers Act (IEEPA). These included the ...
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Peterson Institute for International Economics @piie.com · 20/02/2026
The Supreme Court's decision to strike down the Trump administration’s Liberation Day tariffs is good news. But those who hope that it will prevent the administration from threatening tariffs—& imposing them—in future will be sorely disappointed, @douglasirwin.bsky.social warns in @economist.com.
economist.com
The Supreme Court tariffs ruling reins in Donald Trump
Even if he has ways to rebuild trade barriers, writes Douglas Irwin
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Alessandro Merli @merlialess.bsky.social · 20/02/2026
The rambling of a deranged mind
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European Central Bank @ecb.europa.eu · 14/02/2026
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...
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Bloomberg News @bloomberg.com · 14/02/2026
China will extend zero-tariff treatment to all products from 53 African countries with diplomatic ties starting from May 1, China Central Television reported
bloom.bg
China to Grant Zero‑Tariff Access to 53 African Nations From May
China will extend zero-tariff treatment to all products from 53 African countries with diplomatic ties starting from May 1, China Central Television reported, citing President Xi Jinping.
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POLITICO Europe @politico.eu · 10/02/2026
When current European Council President António Costa became Portugal’s PM in 2015, the country took pride in being the only European nation without a far-right political presence. This weekend’s elections have cemented a very different reality.
politico.eu
Costa’s legacy: The far right in Portugal
The ultranationalist Chega party is thriving by campaigning on issues the president of the European Council failed to address while prime minister.
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Alessandro Merli @merlialess.bsky.social · 09/02/2026
Wish @martinsandbu.ft.com is right
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Alessandro Merli @merlialess.bsky.social · 09/02/2026
A real loss to the @ecb.europa.eu Let's see who replaces him. Plenty of capable people in France (Benassy-Quéré, Rey, dare I say Coeuré?)
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Philip Stephens @philipstephens.bsky.social · 08/02/2026
"Britain isn’t broken. It is in serious need of repair. The suggestion among Labour MPs that the best way to begin rebuilding political trust is to throw out Starmer in favour of someone else merely insults the electorate". Inside-Out column. philipstephens.substack.com/p/epstein-ma...
philipstephens.substack.com
Epstein, Mandelson and the rise of Farage
The scandal that brought down Peter Mandelson describes a world that is driving voters into the arms of populism
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Katie Martin @katie0martin.ft.com · 30/01/2026
"It’s a humiliating day for the Federal Reserve"
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David Wessel @davidmwessel.bsky.social · 30/01/2026
A winner in the Warsh pick: Stan Druckenmiller (for whom Warsh worked for a time). He also is close to Scott Bessent giftarticle.ft.com/giftarticle/...
giftarticle.ft.com
Arise, shadow Fed chair Stan Druckenmiller
The ascent of Druckonomics
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Aaron Sojourner @aaronsojourner.org · 10/10/2025
MIT holds the line bsky.app/profile/dyna...
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Alan Beattie @alanbeattie.bsky.social · 06/10/2025
My Trade Secrets today. Trump has annoyed farmers by provoking China to block their exports while bailing out Argentina, home of their rivals. Are the farmers right to feel betrayed? Is a pitchfork rebellion against his tariffs coming? Will farm country turn against Trump? Answers: no, no and no.
on.ft.com
Don’t expect a farmers’ revolt to moderate Trump’s tariff campaign
[FREE TO READ] US agricultural exporters could see the trade war coming — and voted for him anyway
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The New York Times @nytimes.com · 07/10/2025
As it did in 2018, the White House plans to dole out relief funds to struggling U.S. farmers who have lost their biggest customer, China, because of steep tariffs imposed by the Trump administration.
nyti.ms
Trump to Unveil Farmer Aid as China Shuns U.S. Crops
As it did in 2018, the White House plans to dole out relief funds to struggling U.S. farmers who have lost their biggest customer.
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Alessandro Merli @merlialess.bsky.social · 29/08/2025
So is the US economy "phenomenal" (Trump) and weak hiring data for July were "rigged" or is the labor market about to fall off a cliff and the US is in need of a massive rate cut?https://www.ft.com/content/d8953f37-2bb1-4272-a24e-dbf0a02ee4f0
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Filipe Campante @filipecampante.bsky.social · 28/08/2025
Fact check: absolutely true.
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Alessandro Merli @merlialess.bsky.social · 28/08/2025
Let them eat Wisconsin cheese. www.ft.com/content/cf57...
ft.com
Italy balks at US double cheese tariff
Rome complains about some of its Parmesan exports being hit with a 30% rate
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Alessandro Merli @merlialess.bsky.social · 22/08/2025
It was not so long ago that central bankers were "the only game in town"
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David Wessel @davidmwessel.bsky.social · 22/08/2025
Details and FAQ on new Fed framework www.federalreserve.gov/monetarypoli...
federalreserve.gov
Q&As
The Federal Reserve Board of Governors in Washington DC.
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Claudia Sahm @claudia-sahm.bsky.social · 01/08/2025
Firing the BLS Commissioner because you don't like the data is a dark day.
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Alessandro Merli @merlialess.bsky.social · 01/08/2025
Echoes of the Kirchners. What next? Default?
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Reuters @reuters.com · 01/08/2025
Trump orders firing of BLS commissioner after dismal employment report reut.rs/3HcwBRT
reut.rs
Trump orders firing of BLS commissioner after dismal employment report
U.S President Donald Trump on Friday ordered that the commissioner of the Labor Department's Bureau of Labor Statistics Erika McEntarfer be fired after data showed weaker than expected employment growth in July and massive downward revisions to the prior two months' job counts.
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Reuters @reuters.com · 11/06/2025
Dollar keeps losing market share but euro is no winner either: ECB study reut.rs/3HD6bsw
reut.rs
Dollar keeps losing market share but euro is no winner either: ECB study
The dollar continued to lose market share last year as the world's dominant currency but mostly smaller rivals and gold benefited rather than the euro, which aspires to fill any void left by receding confidence in the greenback, an ECB report showed.
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Alessandro Merli @merlialess.bsky.social · 10/06/2025
Europe is often criticized for its overregulation of innovative companies and the lack of capital available to them. However, several success stories show that innovation can be done in Europe, as I write in an article for the IMF magazine, F&D. @pgourinchas.bsky.social bipr.jhu.edu/newsandviews...
bipr.jhu.edu
BIPR
The Bologna Institute for Policy Research
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Bloomberg News @bloomberg.com · 07/06/2025
Has the G-7 outlived its purpose? Fifty years after its first meeting, the group of nations is struggling to realize its political and economic ambitions.
bloom.bg
Can the G-7 Survive Vladimir Putin and Donald Trump?
Fifty years after the first gathering of leading industrial nations, the Group of Seven is seeing its political and economic ambitions languish.
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Alessandro Merli @merlialess.bsky.social · 03/06/2025
Stifled by overregulation and lack of capital, Europe's innovation scene is actually alive and stirring. "Europe's innovators are waking up", my article for the IMF's Finance & Development magazine, tells quite a few success stories. www.imf.org/en/Publicati...
imf.org
Europe’s Innovators Are Waking Up
The continent’s innovation success stories and renewed sense of purpose defy criticism of overregulation
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Alessandro Merli @merlialess.bsky.social · 02/06/2025
A wonderful memory of Stan Fischer being warmly greeted by his disciple and friend Mario Draghi at the @ecb.europa.eu Central Banking Forum in Sintra. Central-bank watcher watching at the back
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Alessandro Merli @merlialess.bsky.social · 02/06/2025
Olivier Blanchard and Angel Ubide on the need for Eurobonds. Now, let the "frugals" argue against it.
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Alessandro Merli @merlialess.bsky.social · 02/06/2025
"Stan the Man" A giant of economics and policymaking, a wonderful person.
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David Wessel @davidmwessel.bsky.social · 17/04/2025
Draft of Trump budget for FY26: Money for the Head Start program, which provides early child care and education for low-income families, would be eliminated. via www.washingtonpost.com/health/2025/...
washingtonpost.com
Internal budget document reveals extent of Trump’s proposed health cuts
HHS would be asked to absorb a $40 billion cut, about one-third of its discretionary budget.
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Howard Schneider @hpschneider.bsky.social · 02/04/2025
Richmond Fed econs not mincing any words: "Tariffs are taxes imposed by a government on imported goods...The new measures targeting Canada, Mexico, the EU and automobiles threaten widespread disruptions across key U.S. industries."
richmondfed.org
Tariffs: Estimating the Economic Impact of the 2025 Measures and Proposals
Calculating the average effective tariff rate can help assess the impact of the proposed tariffs.
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Alessandro Merli @merlialess.bsky.social · 03/04/2025
"A stupid person is a person who causes losses to another person or to a group of persons while himself deriving no gain and even possibly incurring losses." The 3rd (and golden) basic law of human stupidity, by economic historian Carlo M. Cipolla in his "The basic laws of human stupidity" (1976)
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Kimberly Clausing @kclausing.bsky.social · 02/04/2025
For those listening to this rant, those numbers are not tariffs. The European Union, e.g., has weighted average tariff rates of ~ 3% and arguably lower on US goods. So they are clearly including VATs and who knows what else? This false reciprocity is nonsense. For more: www.piie.com/blogs/realti...
piie.com
Reciprocity and discrimination: When are tariffs useful remedies?
The Trump administration has marked April 2 for its next big tariff announcement, one that it says is centered on countering unfair trade practices abroad and imposing reciprocal trade protection. The...
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Anne Applebaum @anneapplebaum.wsocial.eu · 22/03/2025
I wrote this in July 2016 www.washingtonpost.com/opinions/glo...
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SAPO @sapo.pt · 10/03/2025
Novo elétrico low-cost da Volkswagen vai ser produzido em Palmela
sapo.pt
Novo elétrico low-cost da Volkswagen vai ser produzido em Palmela
A escolha de Portugal para produzir o novo modelo elétrico da multinacional alemã foi comunicada oficialmente esta segunda-feira. Novo elétrico da VW deve custar cerca de 20 mil euros.
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Alessandro Merli @merlialess.bsky.social · 10/03/2025
The most vocal opposition to Trump's policies is done by @wsj.com www.wsj.com/opinion/the-...
wsj.com
Opinion | The Fool’s Gold of a Crypto Reserve
Government bitcoin and crypto reserves serve no useful purpose and will invite political mischief.
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Alessandro Merli @merlialess.bsky.social · 04/03/2025
#Germany How to reform the debt brake, according to the #Bundesbank English version here. Important. H/T @ulbrich-jens.bsky.social publikationen.bundesbank.de/publikatione...
publikationen.bundesbank.de
Sound public finances, stronger investment: a proposal to reform the debt brake
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John Cassidy @johncassidysays.bsky.social · 04/03/2025
If the Dems had half a clue they'd put up a big stock market ticker somewhere near the White House.
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Paul Krugman @pkrugman.bsky.social · 01/02/2025
Leopard: I will eat your face Bank analysts: Our baseline assumes no face-eating Leopard: Chomp chomp chomp
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