Nicolas Véron | Lightnews

Nicolas Veron

@veron.bsky.social

6.2K followers 440 following 160 posts

Senior Fellow at Bruegel and at the Peterson Institute for International Economics

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Nicolas Véron is a French economist. He is a senior fellow at Bruegel in Brussels, which he co-founded in 2002–05, and at the Peterson Institute for International Economics in Washington DC, which he joined in 2009. In 2012, he was included in the global 50 Most Influential list of Bloomberg Markets Magazine. .. more

Economics 79%

Business 9%

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Reposted by Nicolas Véron, Daniel W. Drezner, Fiona Moore , and 2 more Nicolas Véron, Daniel W. Drezner, Fiona Moore, Alfie Kohn, Mark Rice

andré carrington @andrecarrington.bsky.social · 3d

via The New Yorker, Ellis Rosen cartoon

One panel comic with one person saying to another: Philip K Dick, Ray Bradbury. Like so many others in tech, I draw inspiration from completely misunderstanding those authors

Nicolas Veron @veron.bsky.social · 5d

Separated by train paradise

Reposted by Nicolas Véron, Philipp Krämer

Stanley Pignal @spignal.bsky.social · 5d

The Axis of Late Trains.

Nicolas Veron @veron.bsky.social · 5d

For reference www.politico.eu/article/bart...

EU allies turn screws on Belgium over its tax income from Russia’s frozen assets

European governments are piling pressure on Bart De Wever to allow the Russian cash to go to Kyiv as a mega loan.

www.politico.eu

Reposted by Nicolas Véron

Reposted by Richard S.J. Tol, Nicolas Véron

Darth Putin @darthputinkgb.bsky.social · 6d

Sanctions are not damaging Russian economy. We made "conscious decision" for it to get smaller.

I remain a master strategist

Nicolas Veron @veron.bsky.social · 6d

That discussion was never about “giving Russia’s assets to Ukraine” tbh

Nicolas Veron @veron.bsky.social · 6d

The evidence must come from the Belgian authorities, on its actual transfers of Euroclear-related tax income to Ukraine. Until that happens (if it hasn’t already), doubts will remain irrespective of this or that public speech

Nicolas Veron @veron.bsky.social · 7d

If transfers have been made to Ukraine, I presume there must be a public record of them.

Reposted by Nicolas Véron, Daniel W. Drezner, David R. Miller

Peter Baker @peterbakernyt.bsky.social · 7d

When Trump visited Mount Vernon in 2018, he couldn't understand why George Washington didn't name it after himself. “You’ve got to put your name on stuff or no one remembers you.” Reupping this prescient piece from @politico.com which seems pretty relevant today. www.politico.com/story/2019/0...

Trump’s ‘truly bizarre’ visit to Mt. Vernon

The 45th president — no student of history — marveled at the first president's failure to name his historic compound after himself.

www.politico.com

Nicolas Veron @veron.bsky.social · 7d

Has there been a public reporting of such transfers, and if so, can you please provide the reference?

Nicolas Veron @veron.bsky.social · 7d

“plans”

Reposted by Nicolas Véron

Nicolas Veron @veron.bsky.social · 7d

Indeed some transparency would be in order

Nicolas Veron @veron.bsky.social · 7d

Why small chance?

Nicolas Veron @veron.bsky.social · 7d

In this context, the fact that Belgium keeps making windfall revenue on immobilized Russian reserves (via taxation of Euroclear) must be re-examined. Belgium should transfer all that corporate tax income, with retroactive effect starting March 2022, to Ukraine in a transparent manner. Now. (2/2)

Reposted by Nicolai von Ondarza

Nicolas Veron @veron.bsky.social · 7d

One more point actually, about Belgium.

The Belgian authorities have indicated that they were vulnerable to Russian bullying. PM Bart De Wever has been commendably transparent that Putin's direct threats were among his motivations to oppose the Commission's proposal for a Reparations Loan. (1/2)

Nicolas Veron @veron.bsky.social · 7d

Meanwhile, the Russian reserves remain immobilized and the Reparations Loan idea can be revived in future. Overall, a very consequential decision that boils down to a show of EU strength and commitment. Even though many will paint it otherwise. (5/5 - end)

Nicolas Veron @veron.bsky.social · 7d

The decision also introduces a precedent for flexibility in deciding on this kind of EU funding, namely the possibility of opting out for a few countries that don’t share the scheme’s objectives. This precedent is likely to be very useful in future EU decision-making. A strategic win. (4/5)

Nicolas Veron @veron.bsky.social · 7d

Compared with the proposed Reparations Loan: this morning’s decision provides the same amount of financing in 2026 and 2027, with the result that Ukraine’s needs are well covered. The financial conditions are slightly less advantageous for the EU, but the cost difference is small. (3/N)

Reposted by Nicolai von Ondarza

Nicolas Veron @veron.bsky.social · 7d

In 2022, financial support to Ukraine was led by the US with Europeans as followers. Now the EU is leading it, while the US has withdrawn from the financial front. As recently as a year ago, the dominant expectation was that the EU would have no choice but to follow a US financial withdrawal. (2/N)

Reposted by Lawrence Freedman, Guntram B. Wolff, Christian Odendahl , and 4 more Lawrence Freedman, Guntram B. Wolff, Christian Odendahl, Steve Peers, Stefanie Walter, Iikka Korhonen, Cullen S. Hendrix

Nicolas Veron @veron.bsky.social · 7d

A few quick thoughts about this morning's decision. Don't believe the spin from various Russians & others: it's a big deal. The EU has now unambiguously demonstrated that it is able and willing to provide the external financial support Ukraine needs, for as long and as much as it takes. (1/N)

Nicolas Veron @veron.bsky.social · 7d

Always speaking about himself

WarTranslated (Dmitri) @wartranslated.bsky.social · 7d

Putin said "whatever they steal will have to be returned someday" regarding frozen Russian assets.

WarTranslated (Dmitri) @wartranslated.bsky.social · 7d

Putin labeled potential expropriation of Russian assets as "robbery," warning of severe European consequences and budget strain from reparations loan, while predicting undermined Eurozone trust.

Reposted by Nicolas Véron

WarTranslated (Dmitri) @wartranslated.bsky.social · 7d

Putin said "whatever they steal will have to be returned someday" regarding frozen Russian assets.

WarTranslated (Dmitri) @wartranslated.bsky.social · 7d

Putin labeled potential expropriation of Russian assets as "robbery," warning of severe European consequences and budget strain from reparations loan, while predicting undermined Eurozone trust.