08.01.2026 14:57
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Anyone interested in international finance, and particularly the international role of the dollar and the euro, “exorbitant privilege”, digital currencies and much more, should watch this (and read the transcript) open.substack.com/pub/paulkrug...
Blue background with the yellow stars of the European Union flag arranged in a circle. Below the circle, white bold text reads: ‘10 WAYS THE EU MAKES YOUR LIFE EASIER’.
The EU makes life easier for millions of people across Europe – and beyond.
🎓 Erasmus+
🛒 the single market
🚆 passenger rights
🗺️ travel without borders
💶 the euro
These are just some of the ways the EU works for you every day.
Learn more → europa.eu/!fc4bGR
www.instagram.com/stories/pedr...
If ever you are in Edinburgh for the Fringe, don’t miss this show (full disclosure: Pedro is my son 😀)
www.instagram.com/p/DNAfkijN_e...
The EU is providing €22 million to support patients, including from Gaza and the West Bank, in East Jerusalem hospitals.
This contribution will help ensure that Palestinian patients continue to have access to healthcare in these hospitals.
Read more: europa.eu/!bHcXCQ
If you are passing by Edinburgh this summer don’t miss this show 😀
www.lmaonaisecomedy.com/reviews/pedr...
Congress eliminated public media funding. At a time of deep division, public media brings us together.
Help keep it strong. Join our monthly donors today: n.pr/458sOhq
Paul Krugman on why the EU is stronger than most people, including Trump, think
open.substack.com/pub/paulkrug...
Illustration of electrical transmission towers with power lines on a textured white background. Blue text reads 'Help shape the future of Europe’s energy grids.' The European Commission logo is displayed in the top-right corner.
Europe’s energy grids are key to a cleaner, greener future.
Your input will help modernise and expand the grids to support renewables and electrification.
We have launched a public consultation, open until 5 August 2025 ↓
europa.eu/!jQDBgC
Absolutely fabulous photo!
“In contrast to this gloom, Europe has just as strong an investment case now as it did two weeks ago. It is serious about boosting the adoption of the euro as a reserve currency, and it is deepening its internal financial integration”
This graph says it all: investors are selling both dollars and T bills. Usually, in times of market stress, investors buy dollars and T bills as they are perceived as safe. Now they are selling both which means that the role of the dollar as a global safe asset is under threat
Europe is ready to negotiate with the US.
We have offered zero-for-zero tariffs for industrial goods.
Because we're always ready for a good deal.
But we’re also prepared to respond with countermeasures.
And protect ourselves against indirect effects through trade diversion ⭣
In my last UniCredit Sunday Wrap (after 13 years of weekend writing), I discuss the medium term outlook for the world - and markets.
Bad for the US - but there’s still hope for Europe and the rest of the world.
Stay tuned ….
www.research.unicredit.eu/DocsKey/econ...
Trump may well achieve his goal of reducing the US trade deficit, but via the worst possible way: engineering recession at home and removing America’s and USD’s status as trusted safe haven. It would be a poorer, hostile nation but with trade surplus. Sort of like Russia. Some win.
Friendly warning to anyone planning to visit the US
www.theguardian.com/us-news/2025...
What happened yesterday at the Oval Office is a historic disgrace. But hopefully it will be the final proof that Europe is now alone and we need to step up. And quickly.
What happened yesterday at the Oval Office is a historic disgrace. But hopefully it will be the final proof that Europe is now alone and we need to step up. And quickly.
The buildings of the European Commission and the European Council are illuminated in blue and yellow, the colours of the Ukrainian flag. Between them, the street, an EU flag and a Ukrainian flag are visible. It is otherwise dark.
The blue and yellow of Ukraine.
The colours of resistance against imperialism.
On the eve of this grim anniversary, they adorn our building as a symbol of our unflinching support for the Ukrainian people.
Our neighbours, partners, and future EU members.
First they came for Alexei Navalny.
Now they come for his lawyers with sentences of years in a penal colony.
Russia’s relentless crackdown on political opposition and its persecution of political prisoners is horrendous and should not be tolerated.
Very good analysis. But there’s no need to reinvent the wheel—the 2024 Draghi Report includes everything the EU needs to do on the economic front, Trump or no Trump. Trump’s agenda just makes it all more urgent.
Difficult to understand how so many people in the 21st century EU continue to be stuck in a sexist and paternalistic mind frame
A civil protection worker in a blue European Union Civil Protection shirt observes a construction vehicle clearing debris. A firefighter operates the muddy excavator, and another person in black attire stands next to the observer, all engaged in post-disaster recovery.
A large assembly of rescue teams and emergency responders lined up for a group photo. The teams are wearing uniforms of various colors, representing different organizations and nations. Flags of Spain, Portugal, and the European Union are displayed prominently. Emergency vehicles, including trucks and ambulances, are parked in the background
A group of rescuers and volunteers covered in mud during a recovery operation. One man is smiling, holding a shovel, while another has his hands raised in celebration. The uniforms indicate civil security personnel, with visible badges and reflective elements.
A large yellow front loader vehicle operated by a rescue worker is lifting a severely damaged car marked with a yellow 'X' in a muddy area affected by a flood. The car appears crushed and caked in dried mud, with additional wrecked vehicles visible in the background.
Merci 🇫🇷, obrigado 🇵🇹!
After Spain activated the #EUCivilProtection Mechanism in response to the devastating floods, Portugal and France swiftly stepped in.
Over 150 team members and 60 vehicles worked tirelessly with Spanish authorities to clear debris, pump water, and help communities recover.
“We can disagree and still love each other unless your disagreement is rooted in my oppression and denial of my humanity and right to exist”
- James Baldwin
Draghi’s report could become today’s equivalent to the Delors Report of 1989 that kick started the process towards EMU and the Euro. It would be a mistake to consider his proposals as too ambitious, too costly or too pro-EU, or to reduce it to a debate on common EU debt.
Excellent article: “For the populist agitator, the aim seems to be not to identify a real injustice and set out the appropriate relief but, on the contrary, to stoke a rage for which there can be no relief, to induce a kind of permanent mass enervation.”
We’re living in the age of rage.
