Isabella Weber

speaker

207 appearances 1 recordings 1 series first heard Sep 2024 last heard Sep 2024

Isabella Weber’s voice in public audio — every appearance, attributed to the second.

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Odd Lots · Lots More With Isabella Weber on Draghi's EU Competitiveness Report · 13 Sep 2024 podcast

I'm not gonna read from the notes, I just took some notes on the report because there's so much in there.

I don't know.

That's

Oh yeah, Isabella, didn't you tweet that chart?

I did.

So look looking at that chart I think we can basically see that with every crisis there's a bit of a divergence between the US and Europe and it seems that the US is pretty good at bouncing back.

Europe not so much, which has to do with the fiscal rules, I think.

Yeah, thanks so much for having me on.

It's a great opportunity to talk shockflation in the report.

Maybe looking at this uh divergence convergence thing twenty eight, twenty twenty, I think that the energy crisis actually looms very large here and the notion that was very prevalent in twenty twenty two in Germany that basically this is just like a little little shock that we can easily absorb that was very dominant in certain economics uh circles.

I think is now playing out to possibly not be true.

So we kind of start to see the medium term consequences of the energy shock and just how it hard it hit Germany and Europe.

I mean in a nutshell.

I mean, I would say that in the US it has also been a steep learning curve from two thousand eight to um the covet crisis, right?

I mean, the kind of um fiscal ambition that we have seen in the response to the covet crisis, I think is a whole notch above of what we have seen under Obama in in response to the global financial crisis.

I mean, when it comes to the immediate rescue packages in in 2020, there was also quite a bit across Europe, right?

But then very quickly Europe returned to the idea that they had to go back to regular fiscal rules.

And that really is thanks to the German government in large parts.

I'm speaking with a German accent here.

Um, so when we look at the stance of the German finance minister on the reform of fiscal rules, and he has been a critical player in

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