Pepijn Bergsen
pbergsen.bsky.social
Pepijn Bergsen
@pbergsen.bsky.social
Europe macro stuff
Reposted by Pepijn Bergsen
Likewise, I really enjoyed the conversation. Thanks so much for having me on, @pbergsen.bsky.social and Tim!
February 9, 2026 at 3:22 PM
Enjoyed discussing the European implications of the Hungarian election with @zecsaky.bsky.social and her explaining to me why in several cases I don't quite get it
twentyfourtwo.substack.com/p/trump-hasn...
“Trump hasn't been the boon to Orbán that many expected”
Zselyke Csaky on the foreign-policy impact of Hungary's election
twentyfourtwo.substack.com
February 9, 2026 at 10:37 AM
Reposted by Pepijn Bergsen
🔊New Podcast out! “Trump hasn't been the boon to Orbán that many expected”

@zecsaky.bsky.social from @centreeuropeanref.bsky.social on the European impact of Hungary's election on the Twenty-Four Two podcast with @pbergsen.bsky.social and Tim G. Jones.

twentyfourtwo.substack.com/p/trump-hasn...
February 8, 2026 at 9:53 AM
Reposted by Pepijn Bergsen
🔊Podcast: “People are waiting for change, so there is a huge expectation”

Hungarian 'red baron' Gábor Bojár explains why liberals should use Péter Magyar's to topple Viktor Orbán on the Twenty-Four Two Podcast. with @pbergsen.bsky.social and Tim G. Jones.

twentyfourtwo.substack.com/p/people-are...
February 3, 2026 at 2:19 PM
Given Trump’s heavy handed attempts to control the Fed, we thought it would be a good time to do a podcast on how the Hungarian government went about taking control of its central bank a decade ago with a former deputy governor who was at the MNB at the time open.substack.com/pub/twentyfo...
"The central bank take over of MAGA dreams"
A Hungarian playbook for taming the Federal Reserve
open.substack.com
January 26, 2026 at 11:13 AM
Biggest lie of the day must be him claiming to "actually like Emmanuel Macron"
January 21, 2026 at 2:43 PM
Reposted by Pepijn Bergsen
🔊242.news podcast: “Péter Magyar is a much more dangerous opponent for the government than any other former challenger”.

2026 Hungary election special co-hosted by @pbergsen.bsky.social with pollster Dániel Róna on how Viktor Orbán can still win:

open.substack.com/pub/twentyfo...
January 18, 2026 at 9:24 AM
In our second podcast ahead of the Hungarian election we spoke about Orbán's political and ideological journey with his biographer Stefano Bottoni
twentyfourtwo.substack.com/p/the-point-...
"The point is how Orbán can react to a possible defeat"
Stefano Bottoni on Viktor Orbán's political odyssey
twentyfourtwo.substack.com
January 12, 2026 at 1:33 PM
Reposted by Pepijn Bergsen
🔊242.news podcast: "The point is how Orbán can react to a possible defeat".

2026 Hungary election special co-hosted by @pbergsen.bsky.social with Stefano Bottoni on Viktor Orbán's political odyssey.

Listen and subscribe (free) to www.242.news at: twentyfourtwo.substack.com/p/the-point-...
"The point is how Orbán can react to a possible defeat"
Stefano Bottoni on Viktor Orbán's political odyssey
twentyfourtwo.substack.com
January 11, 2026 at 10:14 AM
Reposted by Pepijn Bergsen
🔊Podcast: “Hungary is to the American right what Sweden used to be to the American left”.

The new weekly 'Twenty-Four Two' 2026 Hungary election special series opens with @kimlanelaw.bsky.social.

Listen and subscribe (free) to www.242.news at: twentyfourtwo.substack.com/p/podcast-hu...
🔊Podcast: “Hungary is to the American right what Sweden used to be to the American left”
New podcast series on Europe's pivotal 2026 election
twentyfourtwo.substack.com
January 4, 2026 at 10:05 AM
In the first episode of a podcast series ahead of the Hungarian election in April, my colleague Tim Jones has @kimlanelaw.bsky.social on to discuss how Orbán spread his ideas to the rest of Europe and the US. I’m rather biased but thought this was very insightful. open.substack.com/pub/twentyfo...
🔊Podcast: “Hungary is to the American right what Sweden used to be to the American left”
New podcast series on Europe's pivotal 2026 election
open.substack.com
January 7, 2026 at 10:18 AM
Reposted by Pepijn Bergsen
Tim Jones has a new podcast series spotlighting Hungary as part of the spread of autocratic threats to democracy around the world. New episodes will drop every Sunday from now thru the HU election. I'm delighted to be the first guest to kick off the series! substack.com/home/post/p-...
🔊Podcast: “Hungary is to the American right what Sweden used to be to the American left”
New podcast series on Europe's pivotal 2026 election
substack.com
January 4, 2026 at 5:44 PM
I found the campaign in the Netherlands very frustrating and was even more annoyed by all the hot takes suggesting the result marked a defeat for the populists, so I tried to write my anger away open.substack.com/pub/twentyfo...
False choice
"Victory" for the Dutch centre is welcome but Pyrrhic
open.substack.com
October 31, 2025 at 9:09 AM
Complete coincidence that the European Commission decided to demonstrate the benefits of the tariff ceiling they negotiated with the US with a comparison with a country with a 10% tariff. It could refer to either Brazil or the United Kingdom, wonder which one they were thinking of.
August 21, 2025 at 12:51 PM
The German people have spoken: they want their Schwarze Null and crumbling infrastructure back
German Chancellors: approval ratings after 100 days in office
August 13, 2025 at 7:19 AM
A classic bit of EuroCope to suggest the Europeans caving to Trump was due to strategic errors. In reality, they're unwilling to suffer the economic pain required to do so. The French should know this after they folded instantly when Trump threatened to tariff wine earlier this year.
🚨 BREAKING: French President Emanuel Macron said the EU failed to leverage its massive single market and sufficiently scare the US into accepting a better deal than the one it reached Sunday.

🔗 ow.ly/8Et450Wxjwz
July 30, 2025 at 1:30 PM
He did say recently that the EU is nastier than China, so a higher tariff than China is just simple consistency
May 23, 2025 at 11:59 AM
In our podcast this week @timgwynnjones.bsky.social and I discuss several good reasons for why the ECB might hold at 2% for a while after its June cut, and also I point out that it’s “a nice round number”
podcasts.apple.com/gb/podcast/m...
Central banks:
Podcast Episode · Medley Advisors · 09/05/2025 · 24m
podcasts.apple.com
May 9, 2025 at 10:49 AM
Visiting Switzerland is a strange experience. Everything is very nice, the trains run on time, and there’s always a mountain in the background. But most alienating of all is seeing banks advertise with 5 year mortgages rates of 1.17%
April 28, 2025 at 10:48 AM
Can’t wait to pay more for my iPhone in Europe just so Tim Apple can compress his margin in the US to avoid angering Trump on.ft.com/4lp5MZT
Sony makes ‘tough decision’ to raise PlayStation 5 prices in Europe and UK
Japanese group cites ‘challenging economic environment’ as Trump’s tariffs throw supply chains into uncertainty
on.ft.com
April 14, 2025 at 11:59 AM
April 11, 2025 at 10:03 AM
Reposted by Pepijn Bergsen
We've already established that the formula is ... well ... nonsense. But in the Swiss case, the figures are inflated by investors moving gold into the US at the end of last year due to - that's right! - the threat of tariffs. Exclude those flows and Swiss exports would be subject to 20%.
April 3, 2025 at 9:04 AM
Reposted by Pepijn Bergsen
Very important intervention by @catherinedevries.bsky.social — now that elite consensus on strengthening European militaries has emerged, it is crucial to create genuine mass support, which means being open about the costs it will take.
Security in Europe will mean sacrifices for citizens
Europeans must decide whether they’re willing to bear the costs of shaping their future, or risk having it shaped for them.
www.politico.eu
April 2, 2025 at 11:58 AM
So far European rearmament has meant more financial engineering than military engineering. Interesting to see the UK considering joint European defence spending but just moving ever more off-budget is not going to avoid the difficult budgeting choices caused by rearmament.

on.ft.com/3Yf2bDL
UK floats plan for joint European fund to ‘stockpile’ weapons
‘Supranational’ vehicle would purchase for participating states at more favourable borrowing rates
on.ft.com
April 2, 2025 at 1:50 PM