Clem Fon
@clemfon.bsky.social
Professor of Political Economy at UcLouvain
Central banking & infrastructural finance geek. Also EU & French politics, political economy & social sciences at large.
Dr Miette bonus: #recordoftheweek & #tuneoftheweek
Central banking & infrastructural finance geek. Also EU & French politics, political economy & social sciences at large.
Dr Miette bonus: #recordoftheweek & #tuneoftheweek
Pinned
Clem Fon
@clemfon.bsky.social
· Sep 1
Since the start of von der Leyen's second mandate, EU sustainable finance norms face intense dismantling pressures. My new @JEPP article shows this started years ago when the fossil fuel industry “woke up” to the EU Taxonomy. 🧵 #EUTaxonomy #SustainableFinance👇 1/10
Reposted by Clem Fon
Mozilla will allow Firefox users to entirely block current and future generative AI features on the browser after user feedback revealed many who wanted an AI-free browser experience.
New Mozilla Firefox version to allow AI features to be blocked
Mozilla will allow Firefox users to entirely block current and future generative AI features on the browser.
www.siliconrepublic.com
February 3, 2026 at 12:50 PM
Mozilla will allow Firefox users to entirely block current and future generative AI features on the browser after user feedback revealed many who wanted an AI-free browser experience.
Seeing your (old by now) book (the tiny green one, bottom right the monetary section) on the shelves of someone else, when randomly scrolling bluesky and without knowing how it ended there, is a joy that never gets old and worth to share. Great collection by the way @claudia-sahm.bsky.social
My monetary (left) and fiscal (right) sections are intentionally eclectic.
February 7, 2026 at 5:46 PM
Seeing your (old by now) book (the tiny green one, bottom right the monetary section) on the shelves of someone else, when randomly scrolling bluesky and without knowing how it ended there, is a joy that never gets old and worth to share. Great collection by the way @claudia-sahm.bsky.social
GLB est bete. entre le leak de la rtbf sur son amour des voitures de riches et son fail de mascu sur une une emission de telerealite flamande le doute nest plus permis. Mais etre bete au point de copier le playbook de sarkozy 20 ans apres quand on connait deja la fin de l histoire, cest tres fort
February 2, 2026 at 5:29 PM
GLB est bete. entre le leak de la rtbf sur son amour des voitures de riches et son fail de mascu sur une une emission de telerealite flamande le doute nest plus permis. Mais etre bete au point de copier le playbook de sarkozy 20 ans apres quand on connait deja la fin de l histoire, cest tres fort
Oui mais si on pouvait faire reproduire les nfts des insectes et les vendre via sa propre crpyto, disons l insecta, on en serait pas là. Il a manque la vision strategique de Dogami.
Mediapart a obtenu des documents attestant de l’incroyable gabegie de ce projet bancal de production de larves d’insectes. Portée à bout de bras par Bpifrance, l’entreprise a englouti au moins 170 millions d’euros d’argent public avant d’être liquidée.
www.mediapart.fr/journal/econ...
www.mediapart.fr/journal/econ...
Ÿnsect, une catastrophe industrielle emblématique de la « start-up nation » boostée à l’argent public
Mediapart a obtenu des documents attestant de l’incroyable gabegie de ce projet bancal de production de larves d’insectes. Portée à bout de bras par Bpifrance, l’entreprise a englouti au moins 170 mi…
www.mediapart.fr
January 28, 2026 at 9:35 PM
Oui mais si on pouvait faire reproduire les nfts des insectes et les vendre via sa propre crpyto, disons l insecta, on en serait pas là. Il a manque la vision strategique de Dogami.
My own hyp is about history of social movement. DEI gained in importance when/with/because wave of social revendications (feminism,lgbtq+) and associated cause entrepreneurs. At the same time, marxism/class ideas and entrpreneurs were fading away. Aca DEI guidelines are outcome of borh dynamics
January 28, 2026 at 7:01 PM
My own hyp is about history of social movement. DEI gained in importance when/with/because wave of social revendications (feminism,lgbtq+) and associated cause entrepreneurs. At the same time, marxism/class ideas and entrpreneurs were fading away. Aca DEI guidelines are outcome of borh dynamics
Corridors rumors i heard about: class background is "too political" in rhe sense left/right (but why not other dei features?) and non visible so less easy to demonstrate (again, why not some of the other dei features then?).Plus us influence: in europe dei guidelines are oft copy pasted from us unis
January 28, 2026 at 6:49 PM
Corridors rumors i heard about: class background is "too political" in rhe sense left/right (but why not other dei features?) and non visible so less easy to demonstrate (again, why not some of the other dei features then?).Plus us influence: in europe dei guidelines are oft copy pasted from us unis
This enraged me for so many years...when DEI guidelines exist in Europe for aca recruitements, they also never mention class/social background elements
Why are we interested in class at all?
Orgs almost never think about socioeconomic background background when they think about diversity or inclusion...
This chart shows 600 large US firms' DEI goals/reporting in Sep 2024. Almost none mention socioeconomic background. (2/22)
Orgs almost never think about socioeconomic background background when they think about diversity or inclusion...
This chart shows 600 large US firms' DEI goals/reporting in Sep 2024. Almost none mention socioeconomic background. (2/22)
January 28, 2026 at 8:50 AM
This enraged me for so many years...when DEI guidelines exist in Europe for aca recruitements, they also never mention class/social background elements
Reposted by Clem Fon
📢now forthcoming in ECMA!
The Class Gap in Career Progression: Evidence from US Academia
Class is rarely a focus of research or DEI in elite US occupations.
Evidence suggests it should be: we find a large class gap in at least one occupation - tenure-track academia...🧵
The Class Gap in Career Progression: Evidence from US Academia
Class is rarely a focus of research or DEI in elite US occupations.
Evidence suggests it should be: we find a large class gap in at least one occupation - tenure-track academia...🧵
January 27, 2026 at 10:34 PM
📢now forthcoming in ECMA!
The Class Gap in Career Progression: Evidence from US Academia
Class is rarely a focus of research or DEI in elite US occupations.
Evidence suggests it should be: we find a large class gap in at least one occupation - tenure-track academia...🧵
The Class Gap in Career Progression: Evidence from US Academia
Class is rarely a focus of research or DEI in elite US occupations.
Evidence suggests it should be: we find a large class gap in at least one occupation - tenure-track academia...🧵
Reposted by Clem Fon
Pourquoi #Trump s'en prend-il à la Réserve Fédérale ? Quels sont les enjeux de ces attaques du président étasunien contre la banque centrale et ses dirigeants ?
Dans cette tribune pour @lemonde.fr, j'apporte quelques éléments de réponse, issus de mes recherches
www.lemonde.fr/economie/art...
Dans cette tribune pour @lemonde.fr, j'apporte quelques éléments de réponse, issus de mes recherches
www.lemonde.fr/economie/art...
« Les pressions de Donald Trump contre la Fed s’inscrivent dans un effort sans précédent d’extension des pouvoirs de l’exécutif »
TRIBUNE. Ce qui se joue dans cette lutte entre l’exécutif et la banque centrale, c’est le sort de la séparation des pouvoirs aux Etats-Unis, affirme, dans une tribune au « Monde », le politiste Antoin...
www.lemonde.fr
January 23, 2026 at 3:58 PM
Pourquoi #Trump s'en prend-il à la Réserve Fédérale ? Quels sont les enjeux de ces attaques du président étasunien contre la banque centrale et ses dirigeants ?
Dans cette tribune pour @lemonde.fr, j'apporte quelques éléments de réponse, issus de mes recherches
www.lemonde.fr/economie/art...
Dans cette tribune pour @lemonde.fr, j'apporte quelques éléments de réponse, issus de mes recherches
www.lemonde.fr/economie/art...
Le groenland, l'ingérence directe et se retrouver personnellement dans la cible de l'extreme droite américaine et sous sanctions financières ont malheureusement du aider. Mais on aurait aimé cette clarté politique plus tôt, cela aurait aidé à ne pas se retrouver dans la situation actuelle.
January 22, 2026 at 8:39 AM
Le groenland, l'ingérence directe et se retrouver personnellement dans la cible de l'extreme droite américaine et sous sanctions financières ont malheureusement du aider. Mais on aurait aimé cette clarté politique plus tôt, cela aurait aidé à ne pas se retrouver dans la situation actuelle.
Il y'a une étude à faire sur le changement rhétorique du personnel politique conservateur qui critiquait "populisme", "les extrêmes politiques" et nous sortait la théorie du fer à cheval il y'a un an et qui maintenant reconnait "enfin" la singularité de la menace de l'extrême droite.
Interdit de territoire américain depuis le 23 décembre pour avoir régulé les géants du numérique, Thierry Breton incarne aujourd’hui la résistance européenne face à ce qu’il nomme la "vassalisation" du Vieux Continent.
➡️ https://l.franceculture.fr/MJr
➡️ https://l.franceculture.fr/MJr
January 22, 2026 at 8:39 AM
Il y'a une étude à faire sur le changement rhétorique du personnel politique conservateur qui critiquait "populisme", "les extrêmes politiques" et nous sortait la théorie du fer à cheval il y'a un an et qui maintenant reconnait "enfin" la singularité de la menace de l'extrême droite.
World turns shit but brussels remains the best absurd city ever
January 21, 2026 at 10:11 AM
World turns shit but brussels remains the best absurd city ever
Comparing belgium, lux and Ireland with France and Germany in this chart partly answers the question
January 20, 2026 at 7:32 PM
Comparing belgium, lux and Ireland with France and Germany in this chart partly answers the question
Reposted by Clem Fon
Well well well. The Danes are weaponising firesales.
January 20, 2026 at 2:26 PM
Well well well. The Danes are weaponising firesales.
But dumping Treasuries in a volume large enough to be meaningful looks almost impossible. we can still start to divest financial flows but impact more likely on middle long term bsky.app/profile/clem...
If the EU didnt manage to seize Russian assets frozen within Euroclear accounts, can it overcome coordination (and other) problems to sell 12,6 trillions of dollars of US assets owned by a myriad of private financial operators? Answer is no. Never too late to start though www.ft.com/content/beea...
Could Europe really leverage its $12.6tn pile of US assets?
NIIPing an outlandish idea in the bud
www.ft.com
January 20, 2026 at 12:26 PM
But dumping Treasuries in a volume large enough to be meaningful looks almost impossible. we can still start to divest financial flows but impact more likely on middle long term bsky.app/profile/clem...
Reposted by Clem Fon
Financial war in response to trade war and territorial threats? More and more people appear to be calling for it. So I updated my post on U.S. Treasuries holdings—now with the latest data.
benjaminbraun.org/posts/treasu...
benjaminbraun.org/posts/treasu...
January 19, 2026 at 6:40 PM
Financial war in response to trade war and territorial threats? More and more people appear to be calling for it. So I updated my post on U.S. Treasuries holdings—now with the latest data.
benjaminbraun.org/posts/treasu...
benjaminbraun.org/posts/treasu...
Reposted by Clem Fon
Let's start by, at least, bending the curve and stopping to fuel the AI chatbot hype/foolishness (graphs courtesy of excellent @danielagabor.bsky.social report) www.europarl.europa.eu/RegData/etud...
January 19, 2026 at 2:39 PM
Let's start by, at least, bending the curve and stopping to fuel the AI chatbot hype/foolishness (graphs courtesy of excellent @danielagabor.bsky.social report) www.europarl.europa.eu/RegData/etud...
Let's start by, at least, bending the curve and stopping to fuel the AI chatbot hype/foolishness (graphs courtesy of excellent @danielagabor.bsky.social report) www.europarl.europa.eu/RegData/etud...
January 19, 2026 at 2:39 PM
Let's start by, at least, bending the curve and stopping to fuel the AI chatbot hype/foolishness (graphs courtesy of excellent @danielagabor.bsky.social report) www.europarl.europa.eu/RegData/etud...
If the EU didnt manage to seize Russian assets frozen within Euroclear accounts, can it overcome coordination (and other) problems to sell 12,6 trillions of dollars of US assets owned by a myriad of private financial operators? Answer is no. Never too late to start though www.ft.com/content/beea...
Could Europe really leverage its $12.6tn pile of US assets?
NIIPing an outlandish idea in the bud
www.ft.com
January 19, 2026 at 2:33 PM
If the EU didnt manage to seize Russian assets frozen within Euroclear accounts, can it overcome coordination (and other) problems to sell 12,6 trillions of dollars of US assets owned by a myriad of private financial operators? Answer is no. Never too late to start though www.ft.com/content/beea...
Reposted by Clem Fon
Reposted by Clem Fon
I'm don't think we should get too excited about this. Eurodollar structure is dollar assets funded by dollar liabilities. If Europe moves to dump dollar assets it's left with ... large dollar liabilities. Not a great position to be in, particularly if access to dollar swap lines is questionable.
"Guess who is the largest direct investor in the US?"
-- @philippasigl.bsky.social
-- @philippasigl.bsky.social
January 19, 2026 at 10:46 AM
I'm don't think we should get too excited about this. Eurodollar structure is dollar assets funded by dollar liabilities. If Europe moves to dump dollar assets it's left with ... large dollar liabilities. Not a great position to be in, particularly if access to dollar swap lines is questionable.
Reposted by Clem Fon
Didn’t believe this was true but have checked and am told it was sent to the Norwegian government yesterday.
![NEW: @potus letter to @jonasgahrstore links @NobelPrize to Greenland, reiterates threats, and is forwarded by the NSC staff to multiple European ambassadors in Washington. I obtained the text from multiple officials:
Dear Ambassador:
President Trump has asked that the following message, shared with Prime Minister Jonas Gahr Støre, be forwarded to your [named head of government/state]
“Dear Jonas: Considering your Country decided not to give me the Nobel Peace Prize for having stopped 8 Wars PLUS, I no longer feel an obligation to think purely of Peace, although it will always be predominant, but can now think about what is good and proper for the United States of America. Denmark cannot protect that land from Russia or China, and why do they have a “right of ownership” anyway? There are no written documents, it’s only that a boat landed there hundreds of years ago, but we had boats landing there, also. I have done more for NATO than any other person since its founding, and now, NATO should do something for the United States. The World is not secure unless we have Complete and Total Control of Greenland. Thank you! President DJT”](https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:hbpefio3f5csc44msmbgioxz/bafkreie7itpptx3xbxhpsnlaqmwk752h7pcrion5ija2apksljtax2adx4@jpeg)
January 19, 2026 at 7:23 AM
Didn’t believe this was true but have checked and am told it was sent to the Norwegian government yesterday.
Lets never forget the immense treachery of "regular" conservatives who carved the path for the death of democracy and descent into fascist hellish nightmare. Lets never forgive them neither
Within the next decade the radical right is going to be the main force on the right in Europe (national and EU level). This includes far-right parties and formerly centre-right parties shifting their position. Moderate conservatism and Christian democracy will largely disappear on the right. 1/
The EU’s centrist powers need to move to the right to reflect the new political reality, the leader of the European People’s Party Manfred Weber has told in an exclusive interview with POLITICO.
January 15, 2026 at 12:55 PM
Lets never forget the immense treachery of "regular" conservatives who carved the path for the death of democracy and descent into fascist hellish nightmare. Lets never forgive them neither
Reposted by Clem Fon
Within the next decade the radical right is going to be the main force on the right in Europe (national and EU level). This includes far-right parties and formerly centre-right parties shifting their position. Moderate conservatism and Christian democracy will largely disappear on the right. 1/
The EU’s centrist powers need to move to the right to reflect the new political reality, the leader of the European People’s Party Manfred Weber has told in an exclusive interview with POLITICO.
Europe shifted right — it’s time centrists do too, says Manfred Weber
EPP chief says he still wants to work with traditional allies, but they need to adapt.
www.politico.eu
January 15, 2026 at 12:35 PM
Within the next decade the radical right is going to be the main force on the right in Europe (national and EU level). This includes far-right parties and formerly centre-right parties shifting their position. Moderate conservatism and Christian democracy will largely disappear on the right. 1/
Reposted by Clem Fon
Infographie géniale de la DG Trésor : que finance l'épargne financière des ménages français ? J'aurais parié sur bien plus de dette publique, a priori.
www.tresor.economie.gouv.fr/Articles/202...
www.tresor.economie.gouv.fr/Articles/202...
January 15, 2026 at 7:30 AM
Infographie géniale de la DG Trésor : que finance l'épargne financière des ménages français ? J'aurais parié sur bien plus de dette publique, a priori.
www.tresor.economie.gouv.fr/Articles/202...
www.tresor.economie.gouv.fr/Articles/202...