Antoine de Cabanes
@adecabanes.bsky.social
PhD student in Political Science at UCLouvain (ISPOLE) Political Economy, Monetary Policy, Central Banks (ECB & Federal Reserve // monetary politics, accountability, expertise) https://uclouvain.academia.edu/AntoinedeCabanes
How do you say "douzièmes provisoires" in German ? 😆 www.politico.eu/article/merz...
Germany’s Merz says EU budget needs cut of ‘several hundred billion’ euros
Chancellor also argues it is “unacceptable” for European institutions to add 2,500 new jobs.
politico.eu
Telling everyone this is the book for our times. Hope in corporate dystopias and the ashes of derisking states.
Benjamin Braun@benbraun.eurosky.social · 2w agoExtreme drought, raging fires, "Make America Great Again" Christian nationalism, privatization of "near space programs dealing with communications". If, like me, you hadn't read Parable of the Sower (1993) & Parable of the Talents (1998) before – there's never been a better time.
Great news ! The @ecb.europa.eu decided to extend the greening of its collateral framework to credit claims. This will meaningfully increase the share of collateral pledged at the #ECB that is covered by the climate factor. Downside: this extension will only be implemented by the end of 2027.
ECB to extend use of climate factors in Eurosystem collateral framework to non-financial corporate credit claims
The European Central Bank (ECB) is the central bank of the European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purch...
ecb.europa.eu
📢 #JobAlert: We're hiring a (Senior) Research & Advocacy Officer – Public Finance! Work on EU fiscal rules, debt sustainability, climate risks, policy research and advocacy. 💼 Join us in Brussels to make finance serve society. Apply now 🔗 www.finance-watch.org/job/senior-r...
As Deutsche Bank is being raided for the third time this year, it’s worth remembering that when Germany pitched Frankfurt as the home of the EU AML Authority , one of its selling points was that the authority’s onsite inspections would be within walking distance.
Financial Times@financialtimes.com · 2w agoDeutsche Bank headquarters raided for third time this year ft.trib.al/3SjAywO
Round 2: The Fed firing fight has been formally sent back to the district court for the next phase of proceedings after Trump and DOJ failed to convince SCOTUS to let him immediately oust Governor Lisa Cook (refresher: www.bloomberg.com/news/article...). TBD on what the next round will look like
In an ideal world, journalists would deconstruct the framing used by political actors and coporate sector's lobbyists. Hence, they would stop describing this massive and unprecedented #deregulation as "cutting red tape" or "removing administrative burden" or "slashing bureaucracy" 1/2
POLITICO Europe@politico.eu · 4w agoThe EU thought it was making life easier for business when it announced plans to slash the bureaucracy. But 20 months into its red-tape slashing bonanza, many businesses are simply not impressed.
Bilan de 10 ans de macronisme : les taux à 10 ans sur la dette publique française sont plus élevés que ceux de l'Italie et de la Grèce. #Macron comme Liz Truss montrent à quel point les baisses d'impôts pour les ménages fortunés et les multinationales produisent un désastre économique et budgétaire
Trump’s latest attempts to take control of the Federal Reserve have failed. The key explanatory variable here is monetary politics, and more precisely the opposition of some Republicans to Trump on the #Fed 's independence. A quick thread (1/4) www.ft.com/content/84db...
US Supreme Court blocks Donald Trump from sacking Fed governor Lisa Cook
Justices fail to over-rule the president from firing a regulator in a separate decision
ft.com
France is actively pushing for new revenue sources in the EU budget 2028–2034 as a way to avoid politically toxic debates about higher national contributions. Good! We have just completed a study analysing various options for new own resources 🧵
I would have loved it if the Commission had scheduled a meeting today of the team in charge of climate deregulation and the Green Deal gutting 😁 www.politico.eu/article/eu-c...
EU Commission HQ forced to shut down air-conditioning amid heatwave
As Brussels bakes, the Berlaymont building’s AC stops working.
politico.eu
A 1994 law tasked the Federal Reserve with regulating "unfair and deceptive" practices in mortgage lending. The Greenspan Fed refused to use this authority, the subprime bubble burst in 2007. That's Greenspan legacy: the largest financial crisis since the Great Depression www.ft.com/content/e26e...
Another day, another climate policy dismantling 😠 ICYDK methane is more than 28 times as potent as carbon dioxide at trapping heat in the atmosphere and is deemed responsible for around 30% of the rise in global temperatures since the industrial revolution. www.politico.eu/article/big-...
Big Oil’s campaign to stop EU methane restrictions is working
Almost half of the 27 EU member countries now support delaying the rules.
politico.eu
Antoine de Cabanes@adecabanes.bsky.social · last mo.Amazing timing 🤬 One more (but incredibly timely) reminder that preserving the habitability of our planet is incompatible with preserving the rate of profit and the accumulation model of financialised capitalism
Amazing timing 🤬 One more (but incredibly timely) reminder that preserving the habitability of our planet is incompatible with preserving the rate of profit and the accumulation model of financialised capitalism
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/
Emergency Liquidity Assistance is back ! Or it is a acomeback of the pre-Covid debates about a dedicated instrument (the Eurosystem resolution liquidity) In both cases, a major issue will be the discretionary room of manoeuver of the #ECB in deciding to provide (or not) liquidity to a failing bank
POLITICO Europe@politico.eu · 2mo agoEXCLUSIVE: EU officials are drawing up a blueprint to keep a lender alive after a banking crisis, three years after Swiss authorities scrambled to prevent the collapse of Credit Suisse.
Here lies the biggest inconsistency of Germany's wish list : given that meaningfully cutting cohesion & CAP is politically impractible, it is impossible to increase funding for new priorities whilst maintaining rebates, opposing new taxes & repaying the NGEU debt. Something will have to give
Anna Heckhausen@annaheckhausen.bsky.social · 2mo agoThird - a small comfort for Germany: NGEU debt repayment. The negotiating box still foresees repayment starting in 2028, as originally planned. That matters because France and others had suggested rolling over repayments to free up space for other priorities. 7/
In a week (Friday 19th), the Belgium Political Economy Working group organises its 6th bi-annual conference in Brussels. On the menu: a doctoral session, two sessions on green and european political economies and a fantastic keynote speaker: Andrea Binder. Info: politicaleconomy.be/news/2026-06...
What a wonderful idea to (once again) postpone the implementation of Basel III Endgame ... In the current economic context, letting EU banks use their own internal models to determine their capital requirements will undoubtedly contribute to financial stability www.reuters.com/business/fin...
EU delays bank risk capital framework by three years, awaiting US, standards
The European Commission will delay the introduction of a new market risk capital framework for banks for three years to see how the U.S. and Britain implement the same international standards, it sa...
reuters.com
Les hommages à Barney #Frank soulignent son combat opiniâtre pour les droits LGBT et la loi de régulation financière de 2010 qui porte son nom. N'oublions pas non plus cette formule, pleine d'ironie mais tellement éclairante sur les crises financières, énoncée par Frank le lendemain du bailout d'AIG
The New York Times@nytimes.com · 3mo agoBreaking News: Barney Frank, the congressman whose coming out in 1987 helped normalize being openly gay in public life, has died. He was 86. nyti.ms/49TPUKH
Trump's petrowars threaten to unleash carbon shock therapy around the world - disorderly decarbonization and deindustrialisation. The answer, we argue w @benbraun.eurosky.social, is decarbonised sovereignty, a pathway for the Santa Marta coalition. www.phenomenalworld.org/analysis/aga...
Against Carbon Shock Therapy | Daniela Gabor & Benjamin Braun
The war in Iran has sent oil prices skyrocketing. Daniela Gabor and Benjamin Braun argue the ripple effects and states (non)responses to the crisis represent a
phenomenalworld.org
Thom Tillis’s colleagues don’t see him backing down on his Fed blockade and aren’t trying to stop him “If you’re asking me if I think that Tillis is bluffing, the short answer is no. Long answer is hell no,” said Sen. John Kennedy (R., La.)
In Fed Fight, Trump Faces the Senator With Nothing to Lose
A Senate committee is weighing Trump’s choice for the next Federal Reserve chair this week, but there’s someone blocking his confirmation: North Carolina’s Sen. Thom Tillis.
wsj.com
If no chair is confirmed by May 15, who leads the Fed? The Fed and the White House seem to have very different answers—a suddenly live dispute after Trump’s latest threat to fire Powell. It’s a question that a 28-year-old John Roberts weighed in on. www.wsj.com/economy/cent...
The Decades-Old Legal Question at the Heart of the Fed Chair Showdown
The law doesn’t clearly say what happens when the chair’s term expires without a confirmed successor. The White House and the Fed have very different answers.
wsj.com
FT Alphaville's analysis is based upon an ICMA survey which include enlightening graphs on the type of collateral pledged in the European #repo market, especially on the respective shares of eurozone government bonds and their evolution full survey available here: www.icmagroup.org/assets/docum...
Antoine de Cabanes@adecabanes.bsky.social · 4mo agoGreat piece from @alphaville.ft.com on the European #repo market, which shows that prior estimates of its size were conservative. European repo market is at least €13.6 trillion (so much bigger than US repo, which is around $12.6 tn) and therefore very very systemic www.ft.com/content/990a...
Great piece from @alphaville.ft.com on the European #repo market, which shows that prior estimates of its size were conservative. European repo market is at least €13.6 trillion (so much bigger than US repo, which is around $12.6 tn) and therefore very very systemic www.ft.com/content/990a...
European repo is absolutely massive
Repurchasing power parity
ft.com
Avec @jvtk.bsky.social, nous avons écrit une tribune pour le monde, appelant la @ecb.europa.eu à ne pas renouveler les erreurs commises en 2022, quand elle devra réagir au nouveau choc énergétique et inflationniste qui s'annonce. www.lemonde.fr/idees/articl...
« Les décideurs de l’Union européenne n’ont pas su mettre en œuvre une sortie rapide des énergies fossiles »
TRIBUNE. Les économistes Clément Fontan et Jens Van’t Klooster regrettent, dans une tribune au « Monde », que la politique de la BCE n’ait pas suffisamment protégé l’industrie du renouvelable, contrai...
lemonde.fr
Happy to launch the new website of the Political Economy Working Group in Belgium! politicaleconomy.be 🔍 Meet the team 📚 Browse publications 🔬 Explore projects 📅 Stay tuned for events The website is built with @rstats and @quarto.org. It is open source: codeberg.org/agoutsmedt/e...
