Poland pays a steep price for its power (POLITICO)
By Wojciech Kość · Jun 13, 2023 WARSAW — For years Poland boasted that its vast coal reserves helped keep power prices down, but that’s no longer the case and the country now consistently has the EU’s most expensive electricity. The coal-dominated energy mix — it generates about two-thirds of Poland’s power — as well […]
Secrecy around von der Leyen’s vaccine texts hurting EU reputation, say campaigners (POLITICO)
By Carlo Martuscelli · Jun 12, 2023, MEPs in the European Parliament’s special committee tasked with learning lessons from the COVID-19 pandemic (COVI) approved the committee’s draft report in a vote Monday evening. There were 23 votes in favor of the text, 13 against, and one abstention. MEPs from the European People’s Party, Socialist and […]
In the Blind Spot (Nanu nanu — Loyalty sovereign debt — HODL multiplier)
Greetings, dear subscribers. Given the “we are not alone” UAP news this week, I’ve let Dario loose on his favourite subject in today’s newsletter, as there is nobody I know who has a more authoritative, informed and critical-minded understanding of the area than him. And there’s no doubt it’s a blind spot topic. He’s also […]
In the Blind Spot (Deposit beta — AI apocalypse — Voluntary price caps)
Greetings Blind Spotters. It’s Saturday and the weather seems to have turned in the UK. Hurrah! And since the US didn’t default, we can all relax now. Sorry for the tardiness of today’s send-out, but it’s been an exceptionally busy week for me, what with the launch of Politico’s new central banker service (which you […]
In the Blind Spot (Libor — Scarce reserves — Crypto conglomerates)
This week’s edition of the Blind Spot newsletter was compiled by me, Izabella Kaminska, with the help of Dario Garcia Giner + some of my Politico colleagues, because it features some recycled snippets (or blurbs as they call them) from the dummy runs of our new Politico Europe Central Banker newsletter, which launches on May […]
What’s at stake as Libor rigging scandal resurfaces? (POLITICO)
By Johanna Treeck, Geoffrey Smith What is the scandal about? A new book alleges that the traders who went to jail after the global financial crisis for conspiring to rig benchmark interest rates were victims of a miscarriage of justice. Author Andrew Verity makes the allegation that the traders were under duress from state agencies […]
Fight against ‘shadow fleet’ shipping Russian oil takes EU into uncharted waters (POLITICO)
By Gabriel Gavin · May 22, 2023 BRUSSELS — The EU wants to crack down on an armada of aging tankers carrying Russian oil around the globe that is raising fears of an environmental disaster while sending cash to the Kremlin. But tackling the so-called shadow fleet is proving harder than expected, and the effort […]
In the Blind Spot (Intraday funding — Beyond growth — FRONTEX)
This week’s Blind Spot newsletter was compiled by me, Izabella Kaminska, with the help of my own human version of ChatGPT, Dario Garcia Giner. I had the pleasure this week of taking part in a Cyber Salon event organised by entrepreneur Eva Pascoe at the House of Commons under the auspices of former shadow chancellor […]
Net zero targets risk doing more harm than good, says Italian cbanker (POLITICO)
By Johanna Treeck · May 12, 2023 FRANKFURT — Net zero targets risk doing more harm than good and should be dropped in favor of more realistic strategies to help the environment, one of Italy’s top central bankers warned. Paolo Angelini, deputy governor at the Bank of Italy, said in an interview with POLITICO that […]
In the Blind Spot (Natgas lows — $UNG — US debt deals)
This week’s Blind Spot wrap was compiled by me, Izabella Kaminska, and Dario Garcia Giner. It comes to you (at least in part) by way of the business class lounge at Prague airport, where I find myself late Friday evening on the way back from a CBDC-themed conference attended by some fascinating Czech and Slovak […]