Adam Mouyal

Politics, Economics, and everything in-between 📊 I @EU_Commission 🇪🇺 I Previously @DGAPEV @Mdiplo I Views mine exclusively I RT ≠ Endorsement

[Adam Mouyal @Adam_Mouyal]

We interviewed Robert Boyer with Francesco Delfini for @Grand_Continent @GEG_org: Draghi, the EU–US GDP gap, China Shock 2.0, the AI boom — and the current geoeconomic landscape.

Personal capacity. Views do not represent the European Commission.

[Le Grand Continent @Grand_Continent]

«L’Europe est prise en tenaille entre la pression des exportations chinoises et le protectionnisme américain.»

Face au duel sino-américain, l’Union peut-elle encore devenir une puissance ?

Entretien fleuve avec Robert Boyer, pionnier de la théorie de la régulation.
https://t.co/Bcr8WqYGjh

[Olivier Blanchard @ojblanchard1]

Follow ups to an earlier tweet on the budget.
On fiscal austerity
Yes, reducing the deficit is likely to reduce demand and growth in the short run. This is what the discussion about multipliers is about. But, if the alternative is no adjustment and much higher interest rates on the debt, it is a worse alternative.
Put another way, “fiscal austerity” is unpleasant by nature. But it is no reason not to do it. The analogy with chemotherapy is relevant here. Chemotherapy is not pleasant and makes you sicker in the short term. But if it eliminates your cancer, do you really want to avoid or delay it?

On the role of the Zucman tax.
I have been clear, in past writings, that I am in favor of a tax on the super-rich, along the lines of the so called Zucman tax. The super-rich should pay their share, and too many are able to avoid it. This is even more the case if the deficit must be reduced, and painful spending cuts are needed. But one should be realistic. Even if put in place, such a tax will yield a small fraction of the needed overall adjustment.

On the role of cuts across the board versus reforms.
Obviously, the best adjustment relies on reforms, be it reforms to increase the participation rate of older workers, better orientation and matching of new workers to jobs, better education, and so on. Any reform which plausibly increases productivity and output, and by implication, government revenues is highly desirable. But reforms take time to craft and to pass, and one can never be sure they will work. Given the urgency of the adjustment and the political impasse, I believe that some of the adjustment must take the form of across the board cuts, be it annees blanches, or even decreases in nominal terms.

[Arnaud Bertrand @RnaudBertrand]

The FT is right. Gaza will be seen by history as the collapse of any remaining Western claims to moral authority.

There is no recovering from that.

[Le Grand Continent @Grand_Continent]

La nouvelle Maison-Blanche veut vassaliser le monde.

Le temps de la contre-offensive est venu.

Face à la guerre commerciale et aux tentations impériales, l'Europe a les moyens de prendre la tête de la résistance.

Par @Amiel_David_ et @Shahinvallee.
https://t.co/lUdRxg1qg0

[Pierre Moscovici @pierremoscovici]

Un peu de trumpisme, beaucoup de xénophobie. Notre APD doit bien sûr être évaluée, elle l’est d’ailleurs, mais pas dans l’ignorance et la mauvaise foi! Car elle est un atout pour notre rayonnement et notre présence économique dans le monde. Un vent mauvais souffle sur la France.

[Daron Acemoglu @DAcemogluMIT]

Trump’s attack on US institutions, even if fully expected, is dispiriting, discombobulating and dangerous.
In this very difficult time, we have to remember one thing: This is not normal, and it should not be normalized.
If, as I hope, the US democracy survives and (somehow) recovers, then history books will judge those working with Trump and Republican lawmakers in the Senate and Congress enabling him harshly (and so should we). If US democracy does not survive, I don’t know what history books will be like.

[Donald Tusk @donaldtusk]

We still miss you😉

[Anne-Cécile Robert @annececilrobert]

I vividly remember your speech at the UN security council @AmbKimani and quoted you it my article.

[Anna Hubert 🇪🇺 @AnnaHbrt]

Document 🚨- The Draft competitiveness compass is in @Contexte
https://t.co/v18GLMmjZ0

[Jimmy Wales @jimmy_wales]

I think Elon is unhappy that Wikipedia is not for sale. I hope his campaign to defund us results in lots of donations from people who care about the truth. If Elon wanted to help, he'd be encouraging kind and thoughtful intellectual people he agrees with to engage.

https://t.co/RU9YwbvqOI

[Aurore Lalucq 🇪🇺 @AuroreLalucq]

Merci au parisien pour cet entretien.

« Il faut arrêter d’avoir peur de notre ombre, la réalité est que les grosses entreprises numériques américaines dont X ne savent pas vivre sans le marché européen. Il faut en prendre conscience et exercer un rapport de force »

[Mujtaba Rahman @Mij_Europe]

Starmer's intervention just now incredibly important. It shows the Govt has decided it can't ignore the threat Musk poses. Has taken the view that a line has been crossed. Suspect other Govt's in the EU and the European Commission will be contemplating similar in the coming days

[Gabriel Zucman @gabriel_zucman]

It was such a pleasure to be at the European University Institue in Florence — a truly unique and wonderful place — to present the Global Tax Evasion Report 2024.

[International Tax Observatory @taxobservatory]

📊 APP UPDATE! Our #CbCR Explorer now includes new data for US multinationals for 2021 from the @IRSnews.

Curious about where multinationals book their profits or where they pay their taxes? 🤔

🔎 Explore the latest anonymized and aggregated CbCR stats: https://t.co/Jrv6fZfVwq

[Gérard Araud @GerardAraud]

À paraître le 8 mars. Un livre qui ne satisfera aucun militant. Un livre qui explique mais ne condamne ni ne justifie. Le livre d’une tragédie au sens le plus fort du mot, où nul n’a raison, nul n’a tort.

[Gérard Araud @GerardAraud]

Une position de bon sens.

[European External Action Service - EEAS 🇪🇺 @eu_eeas]

De l'Ukraine à Gaza, des bombes s'abattent sur un monde fracturé. 2023 fut l'année des deux guerres ; 2024 sera celle des élections.

Voici un diagnostic sur l'Europe au tournant signé @JosepBorrellF au Sommet Grand Continent.

https://t.co/79b81OFSCc

[Josep Borrell Fontelles @JosepBorrellF]

I strongly condemn the inflammatory & irresponsible statements by Israeli ministers Ben Gvir & Smotrich slandering the Palestinian population of Gaza & calling for a plan for their emigration.
Forced displacements are strictly prohibited as a grave violation of IHL & words matter

[European Commission @EU_Commission]

This new year marks a new dawn for the taxation of large multinationals.

New EU rules came into effect this week introducing a minimum rate of taxation of 15% for multinational companies active in EU countries ↓

[Kristalina Georgieva @KGeorgieva]

Congratulations to Carlos Cuerpo for his appointment as Spanish economy minister! As deputy to @NadiaCalvino he did a great job in supporting her as Chair of the IMFC, making the IMF financially stronger and more inclusive. https://t.co/q01XpyREPZ