Hector Yague You are wrong. Exports from Germany to Russia and Central Asia are of zero significance to the German export machine, as this chart shows. They are however disproportionately important to Putin, who needs them to keep Russia going. This is bad German policy on all dimensions...

I’m 100% for Biden and his team trying to pressure China to stop selling stuff to Russia that helps their military industries. I wish they’d show a little more vigor in reducing what democracies are doing to help the Russian economy.

It’s not just Germans.
Italians companies are doing exactly the same. And I ready to bet that French and many others are.

I’m ashamed to be European

On 5/28, The Brookings Institution is hosting an event on Sanctions on Russia: What's Working? What's Not?

Keynote by Deputy National Security Advisor Daleep Singh, then a panel w Fiona Hill, Agathe Demarais, and Yuriy Gorodnichenko.

Come listen.

brookings.edu/events/sanctio…

🤨 320%

Großer Ehrentag für mich im Wr.Rathaus

Dieses Thema ist irgendwie auch weitgehend abwesend in der deutschen Öffentlichkeit 👇

Als ich in den 1980er Jahren in Deutschland aufwuchs, war die wichtigste Lektion, die mir und jedem anderen Schüler an der Humboldtschule in Bad Homburg eingetrichtert wurde: Es kann keine moralische Zweideutigkeit geben – NIEMALS – angesichts des Bösen. Und doch sind wir hier.

High inflation has overshadowed rosier trends like a low unemployment rate and strong economic growth. In a new Brookings podcast, Stefanie Stantcheva and I talked about why rising prices are such a hit to economic sentiment.

Listen here->brookings.edu/articles/what-…

Growing up in Germany in the 1980s, the number one lesson that was drilled into me and every other student at the Humboldtschule in Bad Homburg was: there can be no moral ambiguity - EVER - in the face of evil. Yet here we are. These pictures of German exports fill me with shame.

A basic requirement for IMF membership is data transparency. Russia no longer meets that, as what little data it still publishes make no sense. For example, Russia's current account surplus is too low versus rising Urals oil price. Russia should be suspended from the IMF...

Gets better every time you watch it!

Urals oil price in Apr '24 was up almost 10% from the previous month, but Russia wants us to believe that its export revenues fell sharply, pulling its trade surplus down a lot (imports were stable). These numbers just aren't credible. IMF needs to fact-check Russian data...

Horrible

'China is not just exporting too much stuff; it’s also exporting its economic problems. Xi intends to maintain Chinese jobs and factories at the expense of other countries’ workers and companies, to avoid ... potentially disruptive reform at home'

Michael Schuman in the Atlantic

Russia is getting another energy price windfall like in '22. Russia's huge current account surpluses make its Western partners like Greece's shipping oligarchs look bad, so Putin is fiddling the numbers. The Apr '24 surplus (blue) is much too low versus Urals oil price (black)...

Hello 윤석열 Yoon Suk Yeol MOFA and Садыр Жапаров / Sadyr Japarov Edil Baisalov is it South Korea or Kyrgyzstan that needs to stop circumventing the Russia sanctions, or both? What can be done to stop sanctioned goods from reaching the battlefield in Ukraine?

「急激な円安と、円安を食い止めようとする日本の努力に関する Bloomberg の記事は良い。自国通貨(日本なら円)が下落しているときの第一の防衛策は金利を上昇させることだ。(しかし)日本はそれをすることができない。財政危機を引き起こすからだ。日本は追い詰められている」(Robin Brooks)

On Mon, May 20 at 10:30 am I'll join Brahima S. Coulibaly and The University of Chicago’s Dr. Raghuram Rajan at Brookings to discuss Rajan’s new book: “Breaking the Mold: India’s Untraveled Path to Prosperity.” Register to attend in-person or online here #BreakingtheMold : brookings.edu/events/indias-…

Shelter inflation is 5.5%; 'everything else' inflation is 2.2%. The problem is housing; the solution is more homes.