Stanislas Jourdan
@stanjourdan.bsky.social
Associate fellow @ New Economics Foundation - Eurozone, central banking, sustainable finance, EU democracy. Former Director @ Positive Money EU
https://stanislasjourdan.fr/en
https://stanislasjourdan.fr/en
Pinned
Super happy to announce a new report on the green interest rate (Green TLTROs) co-authored with colleagues at Sustainable Finance Lab.
We analyse the feasibility of a green TLTRO using the EU Taxonomy framework and discuss the policy design & calibration.
sustainablefinancelab.nl/en/new-sfl-p...
We analyse the feasibility of a green TLTRO using the EU Taxonomy framework and discuss the policy design & calibration.
sustainablefinancelab.nl/en/new-sfl-p...
Great to see that ECB staff is anticipating the future structural LTROs to be green (as per the chart colors)
@isabelschnabel.bsky.social 😉
#GreenTLTROs
@isabelschnabel.bsky.social 😉
#GreenTLTROs
As for structural monetary policy operations, the ECB will first launch structural refinancing operations, followed later by a structural securities portfolio once legacy bond holdings have wound down sufficiently. Before implementation, MROs and 3m LTROs need to pick up considerably.
November 6, 2025 at 1:32 PM
Great to see that ECB staff is anticipating the future structural LTROs to be green (as per the chart colors)
@isabelschnabel.bsky.social 😉
#GreenTLTROs
@isabelschnabel.bsky.social 😉
#GreenTLTROs
An excellent idea!
Australia to force energy groups to offer free daytime electricity
‘Solar Sharer’ plan aims to ease demand on grid and redeploy excess power from rooftop solar network
www.ft.com
November 4, 2025 at 1:24 PM
An excellent idea!
Reposted by Stanislas Jourdan
finally some competitive advantage for the Dutch: unlike the Chinese, we are not weaponizing your electric bus.
Norway tested two different types of electric buses this summer -one from a Dutch and one from a Chinese manufacturer- to assess cybersecurity risks.
The tests revealed that the Chinese bus could be controlled and turned off remotely, while the European one could not.
www.aa.com.tr/en/europe/os...
The tests revealed that the Chinese bus could be controlled and turned off remotely, while the European one could not.
www.aa.com.tr/en/europe/os...
Oslo tests reveal Chinese electric buses can be switched off remotely
Public transport operator Ruter says manufacturer access allows buses to be stopped from China, prompting Norway to review cybersecurity risks in public transport - Anadolu Ajansı
www.aa.com.tr
October 31, 2025 at 9:35 AM
finally some competitive advantage for the Dutch: unlike the Chinese, we are not weaponizing your electric bus.
"why would any politician want to throttle the nascent tech that could make electricity more affordable and abundant for millions of people, just because it’s also green?" www.ft.com/content/8bf1...
Cheaper, greener power is on the way
As long as anti-net zero populists don’t throttle it in the cradle
www.ft.com
October 29, 2025 at 2:54 PM
"why would any politician want to throttle the nascent tech that could make electricity more affordable and abundant for millions of people, just because it’s also green?" www.ft.com/content/8bf1...
💥🤯Shocking findings from this new IMF working paper: inflation outcomes were similar between inflation targeting and non-inflation targeting countries, despite more aggressive rate hikes by the former.
🔗 Read more: www.imf.org/en/Publicati...
#MonetaryPolicy #Inflation #CentralBanks
🔗 Read more: www.imf.org/en/Publicati...
#MonetaryPolicy #Inflation #CentralBanks
October 27, 2025 at 3:39 PM
💥🤯Shocking findings from this new IMF working paper: inflation outcomes were similar between inflation targeting and non-inflation targeting countries, despite more aggressive rate hikes by the former.
🔗 Read more: www.imf.org/en/Publicati...
#MonetaryPolicy #Inflation #CentralBanks
🔗 Read more: www.imf.org/en/Publicati...
#MonetaryPolicy #Inflation #CentralBanks
Reposted by Stanislas Jourdan
The FT once again siding with left-wing activists because 80%of the political spectrum has chosen to defend oligarchs and, well, common sense and basic economics both conclude that oligarchs are a nuisance.
October 16, 2025 at 3:53 PM
The FT once again siding with left-wing activists because 80%of the political spectrum has chosen to defend oligarchs and, well, common sense and basic economics both conclude that oligarchs are a nuisance.
Very spot-on analysis, but the proposed solution are quick fixes, no long-term solution to democratically re-align central banks' with society's high priorities.
www.ft.com/content/3640...
www.ft.com/content/3640...
We need a new monetary-fiscal settlement
A fresh regime is required for a world of high debt and large central bank balance sheets
www.ft.com
October 15, 2025 at 3:05 PM
Very spot-on analysis, but the proposed solution are quick fixes, no long-term solution to democratically re-align central banks' with society's high priorities.
www.ft.com/content/3640...
www.ft.com/content/3640...
Reposted by Stanislas Jourdan
Sur Wikipédia, des internautes ne cessent de tenter d'associer le parti nazi ou Hitler à la gauche, et caviardent leur rattachement à l'extrême droite.
October 15, 2025 at 11:01 AM
Sur Wikipédia, des internautes ne cessent de tenter d'associer le parti nazi ou Hitler à la gauche, et caviardent leur rattachement à l'extrême droite.
Reposted by Stanislas Jourdan
Note the wording.. Ms. Machado receives the prize for:
- promoting democratic rights
- struggle to achieve a just and peaceful transition
- At a time when democracy is under threat
- where democracy is in retreat
- more and more authoritarian regimes are challenging norm
www.nobelpeacecenter.org/en
- promoting democratic rights
- struggle to achieve a just and peaceful transition
- At a time when democracy is under threat
- where democracy is in retreat
- more and more authoritarian regimes are challenging norm
www.nobelpeacecenter.org/en
Nobel Peace Center | Museum of the Nobel Peace Prize in Oslo, Norway
The Nobel Peace Center in Oslo is the museum of the Nobel Peace Prize. Experience our exhibitions, events and guided tours inspired by the ideas and work of the Nobel Peace Prize laureates.
www.nobelpeacecenter.org
October 10, 2025 at 9:27 AM
Note the wording.. Ms. Machado receives the prize for:
- promoting democratic rights
- struggle to achieve a just and peaceful transition
- At a time when democracy is under threat
- where democracy is in retreat
- more and more authoritarian regimes are challenging norm
www.nobelpeacecenter.org/en
- promoting democratic rights
- struggle to achieve a just and peaceful transition
- At a time when democracy is under threat
- where democracy is in retreat
- more and more authoritarian regimes are challenging norm
www.nobelpeacecenter.org/en
Reposted by Stanislas Jourdan
Reprendre le contrôle de l'énergie (le vrai moteur de l'économie, le cœur de la crise climatique...) : est-ce la clé de tout ? J'ai posé la question à @lucaschancel.bsky.social
www.lemonde.fr/idees/articl...
www.lemonde.fr/idees/articl...
Lucas Chancel, économiste : « Seule la socialisation de l’énergie peut éviter aux Européens une vassalisation »
Dans un entretien au « Monde », le professeur à Sciences Po estime que la reprise de contrôle du secteur énergétique par les citoyens permettrait de mieux lutter contre les crises climatiques et démoc...
www.lemonde.fr
October 6, 2025 at 10:58 AM
Reprendre le contrôle de l'énergie (le vrai moteur de l'économie, le cœur de la crise climatique...) : est-ce la clé de tout ? J'ai posé la question à @lucaschancel.bsky.social
www.lemonde.fr/idees/articl...
www.lemonde.fr/idees/articl...
France's political crisis has escalated into a regime crisis.
At this point, the highest priority should be 1/ to avoid that the chaos brings the far right to power (no dissolution) and 2/ to ensure future 2027 elections can plausibly result in a functioning government in spite of fragmentation.
At this point, the highest priority should be 1/ to avoid that the chaos brings the far right to power (no dissolution) and 2/ to ensure future 2027 elections can plausibly result in a functioning government in spite of fragmentation.
October 6, 2025 at 10:06 AM
France's political crisis has escalated into a regime crisis.
At this point, the highest priority should be 1/ to avoid that the chaos brings the far right to power (no dissolution) and 2/ to ensure future 2027 elections can plausibly result in a functioning government in spite of fragmentation.
At this point, the highest priority should be 1/ to avoid that the chaos brings the far right to power (no dissolution) and 2/ to ensure future 2027 elections can plausibly result in a functioning government in spite of fragmentation.
Reposted by Stanislas Jourdan
Le gouvernement par la dette est devenu un instrument de sécession sociale
www.lemonde.fr/idees/articl...
www.lemonde.fr/idees/articl...
October 1, 2025 at 6:51 AM
Le gouvernement par la dette est devenu un instrument de sécession sociale
www.lemonde.fr/idees/articl...
www.lemonde.fr/idees/articl...
This makes so much sense.
President Stubb on the UN:
No single state should have a veto power.If a member of the Security Council violates the UN Charter,its voting rights should be suspended.I believe that these changes at the top of the UN are necessary in order to maintain the UN's central role in international relations
No single state should have a veto power.If a member of the Security Council violates the UN Charter,its voting rights should be suspended.I believe that these changes at the top of the UN are necessary in order to maintain the UN's central role in international relations
September 26, 2025 at 5:47 PM
This makes so much sense.
Reposted by Stanislas Jourdan
Les gens qui n’ont toujours pas compris qu'il fallait faire contribuer les très riches à l'effort commun ne comprennent rien à la France.
86 % des sondés sont en faveur de la taxe Zucman
- 92 % des partisans de Renaissance
- 75 % des partisans du RN
- 89 % des adhérents LR
- 92 % des partisans de Renaissance
- 75 % des partisans du RN
- 89 % des adhérents LR
Ce sondage commandé par le PS n’est pas un cadeau pour Lecornu
September 17, 2025 at 12:07 PM
Les gens qui n’ont toujours pas compris qu'il fallait faire contribuer les très riches à l'effort commun ne comprennent rien à la France.
Reposted by Stanislas Jourdan
Draghi, one year after his report, still not mincing words on EU industrial policy:
“Europe’s response has fallen into two traps: uncoordinated national efforts, or blind faith that market forces will build new sectors.”
Amen!
“Europe’s response has fallen into two traps: uncoordinated national efforts, or blind faith that market forces will build new sectors.”
Amen!
September 16, 2025 at 2:50 PM
Draghi, one year after his report, still not mincing words on EU industrial policy:
“Europe’s response has fallen into two traps: uncoordinated national efforts, or blind faith that market forces will build new sectors.”
Amen!
“Europe’s response has fallen into two traps: uncoordinated national efforts, or blind faith that market forces will build new sectors.”
Amen!
The Fed’s future isn’t just about interest rates—it’s about power, politics, and the very purpose of central banking.
👀🍿
www.ft.com/content/2f38...
👀🍿
www.ft.com/content/2f38...
The battle for the Fed is about much more than interest rates
Trump and his economic advisers want to narrow the central bank’s mission dramatically
www.ft.com
September 12, 2025 at 10:19 AM
The Fed’s future isn’t just about interest rates—it’s about power, politics, and the very purpose of central banking.
👀🍿
www.ft.com/content/2f38...
👀🍿
www.ft.com/content/2f38...
Capital won’t stop funding SUVs, private jets, and industrial beef—no matter how much the planet burns.
We urgently need outright nationalisation of key industries, workplace democracy and credit guidance frameworks.
Great article by @jasonhickel.bsky.social
tribunemag.co.uk/2025/09/can-...
We urgently need outright nationalisation of key industries, workplace democracy and credit guidance frameworks.
Great article by @jasonhickel.bsky.social
tribunemag.co.uk/2025/09/can-...
Can Socialism Solve the Climate Crisis?
Governments globally are failing to combat climate change because they prioritise profit over the planet — for real change, the capitalist mode of production must be overhauled.
tribunemag.co.uk
September 10, 2025 at 10:34 AM
Capital won’t stop funding SUVs, private jets, and industrial beef—no matter how much the planet burns.
We urgently need outright nationalisation of key industries, workplace democracy and credit guidance frameworks.
Great article by @jasonhickel.bsky.social
tribunemag.co.uk/2025/09/can-...
We urgently need outright nationalisation of key industries, workplace democracy and credit guidance frameworks.
Great article by @jasonhickel.bsky.social
tribunemag.co.uk/2025/09/can-...
Reposted by Stanislas Jourdan
One point: central bank independence was the core tenet of neoliberalism, but it was the rise of market-based finance and the deflationary bias in fiscal policy, key features of the neoliberal era, that forced central banks into a position that made political backlash inevitable.
Re: Trump v Fed: Some (very hastily written and heavily edited) reflections on the nature of central bank–government interdependence in the era of crisis and how financial- not fiscal dominance is what should be keeping us up at night. Also Powell is Thomas Becket.
jacobin.com/2025/08/cent...
jacobin.com/2025/08/cent...
August 28, 2025 at 8:46 PM
One point: central bank independence was the core tenet of neoliberalism, but it was the rise of market-based finance and the deflationary bias in fiscal policy, key features of the neoliberal era, that forced central banks into a position that made political backlash inevitable.
Reposted by Stanislas Jourdan
“Are central banks like the Fed really independent in the first place? If so, of what and whom? And what goals are they “independently” pursuing?” — @brettchristophers.bsky.social
Whose Fed? | Brett Christophers
For the past twenty years, central banks have rarely been out of the news. Called upon to stabilize the global financial system when it appeared at risk
buff.ly
August 20, 2025 at 12:09 PM
“Are central banks like the Fed really independent in the first place? If so, of what and whom? And what goals are they “independently” pursuing?” — @brettchristophers.bsky.social
Reposted by Stanislas Jourdan
European bank shares hit highest levels since 2008 https://on.ft.com/4onRmLi
European bank shares hit highest levels since 2008
A surge in long-term interest rates and economic optimism has lifted the region’s lenders
on.ft.com
August 3, 2025 at 4:10 AM
European bank shares hit highest levels since 2008 https://on.ft.com/4onRmLi
Reposted by Stanislas Jourdan
Unlike today, central banks in the 1980s avoided financial losses when implementing anti-inflationary measures because they didn't remunerate bank reserves and their balance sheets didn'tt carry the legacy of a decade of large asset purchases at low interest rates/long maturity.
August 20, 2025 at 7:22 AM
Unlike today, central banks in the 1980s avoided financial losses when implementing anti-inflationary measures because they didn't remunerate bank reserves and their balance sheets didn'tt carry the legacy of a decade of large asset purchases at low interest rates/long maturity.
Reposted by Stanislas Jourdan
Sinds 2022 heeft de Europese Centrale Bank de rentetarieven fors laten stijgen. Dat heeft een negatief effect gehad op de energietransitie, schrijven Sanders et al.
esb.nu/monetaire-ve...
esb.nu/monetaire-ve...
August 7, 2025 at 10:05 AM
Sinds 2022 heeft de Europese Centrale Bank de rentetarieven fors laten stijgen. Dat heeft een negatief effect gehad op de energietransitie, schrijven Sanders et al.
esb.nu/monetaire-ve...
esb.nu/monetaire-ve...
Reposted by Stanislas Jourdan
Nouvelle collaboration depuis la Grèce, par Basile Dekonink, à propos de cette information folle : les partis doivent un milliard d’euros aux banques, qui bénéficient de la complaisance des autorités politiques. www.mediapart.fr/journal/inte...
En Grèce, les partis doivent un milliard d’euros aux banques : « C’est de la corruption »
Les deux principales formations politiques grecques, Nouvelle Démocratie et Pasok-Kinal, sont de très loin les plus endettées d’Europe. Une faillite de fait qui les conduit à multiplier les cadeaux à…
www.mediapart.fr
August 6, 2025 at 5:51 PM
Nouvelle collaboration depuis la Grèce, par Basile Dekonink, à propos de cette information folle : les partis doivent un milliard d’euros aux banques, qui bénéficient de la complaisance des autorités politiques. www.mediapart.fr/journal/inte...