Philippe Legrain 🇺🇦

🇪🇺 Founder @open2progress Sr Vis Fellow @LSEEI Author of 5 books. See &

[Philippe Legrain 🇺🇦 @plegrain]

#Brexit was not just stupid, it was spectacularly badly timed.

Stupid, cos disrupting trade with your main trading partner is inevitably costly.

Badly timed, cos Brexiteers envisaged the UK embracing the US & a free-trading (and peaceful) global future.
https://t.co/sZ2bWuiClh

[Project Syndicate @ProSyn]

While it might seem wise to hike rates preemptively, the opposite is actually true, writes @plegrain: when the economy is fragile and the future uncertain, as in the eurozone today, the pragmatic thing for the @ecb to do is hold its fire. https://t.co/2GUSy8CayV

[Project Syndicate @ProSyn]

.@ecb President @Lagarde has pledged to take a “data-dependent,” “meeting-by-meeting approach” to interest-rate decisions. As it stands, writes @plegrain, the data provide grounds for vigilance, not an immediate rate hike. https://t.co/2GUSy8CayV

[Project Syndicate @ProSyn]

.@plegrain says the data provide grounds for vigilance by the @ecb, but an interest-rate hike would be dangerously premature. https://t.co/2GUSy8CayV

[Philippe Legrain 🇺🇦 @plegrain]

@BrusselsTimes Thx to @FabianZuleeg @Mij_Europe and @anandMenon1 for their time and expertise

[Philippe Legrain 🇺🇦 @plegrain]

#Brexit was not just stupid, it was spectacularly badly timed.

Stupid, cos disrupting trade with your main trading partner is inevitably costly.

Badly timed, cos Brexiteers envisaged the UK embracing the US & a free-trading (and peaceful) global future.
https://t.co/sZ2bWuiClh

[Philippe Legrain 🇺🇦 @plegrain]

It would make sense for the UK to rejoin the EU but sadly that still seems a distant prospect.

Read my latest for @BrusselsTimes

https://t.co/sZ2bWuiClh

[Philippe Legrain 🇺🇦 @plegrain]

@s8mb What about cycle lanes? Pedestrian crossings? Lines indicating where it is possible for self driving cars to stop, and where it isn't? Etc

[Philippe Legrain 🇺🇦 @plegrain]

#EU policymakers have options to ease the short-term pain, but they are limited.
Longer term, though, accelerating the climate transition would enhance both energy security and business competitiveness.

My latest for @BrusselsTimes

https://t.co/hg9sTF9UCk

[Philippe Legrain 🇺🇦 @plegrain]

Will the #IranWar plunge Europe into recession?

Amid unprecedented disruption to global oil and gas supplies, it now faces a triple blow of higher energy costs, inflated borrowing costs and increased uncertainty. 🧵

https://t.co/hg9sTF9UCk

[Philippe Legrain 🇺🇦 @plegrain]

Together these looks set to push up #inflation and depress economic #growth.

#Stagflation beckons.

[Philippe Legrain 🇺🇦 @plegrain]

Read my latest column for @BrusselsTimes

https://t.co/hmstg2QfXL

[Philippe Legrain 🇺🇦 @plegrain]

#EU leaders have just gathered for yet another discussion on how to make Europe's economy more "competitive".

That's the wrong target; the aim should be to make the EU more dynamic. 🧵

https://t.co/hmstg2QfXL

[Philippe Legrain 🇺🇦 @plegrain]

While many things need to change, at EU level there are 3 big growth levers:

deeper integration in the EU's incomplete single market,

lighter-touch regulation for smaller companies and innovative sectors, and

increased investment, not least in venture capital.