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Paris Defence and Strategy Forum – The Silent War and Strategic Mobilization in the Age of Infrastructure Warfare, March 12th 2025
Illustration by DALL·E Blueprint for Paul Jorion’s Speech at Panel 3: The Silent War and Strategic Mobilization in the Age of Infrastructure Warfare War must be avoided at all costs. However, our desire for peace is no guarantee against aggression from an adversary with less noble intentions. Opening Statement: Redefining the Nature of War “When…
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Mr President, with all due respect, please don’t do what you rightly accuse your opponent of doing: taking a dangerously inflated view of your current capabilities. Please withdraw from the race: we, the citizens of nations abroad, need the United States to remain a democracy.
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This was what Brexit was preparing and enabling the British to do, by Duncan Sutherland
Last night I dreamed a dreadful dream. The world as we knew it ceased to be when a global pestilence descended upon it while its climate changed disastrously and uncontrollably. Standing among the ruins of the ancient Roman forum, the leader of the British revealed that he had had a vision. He had perceived that…
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Let us explain to Germany what we expect of it TODAY
Published here in French. For ten years now, we have been hearing the same refrain from other European leaders to justify their procrastination towards the German authorities: “After the elections, things will be clearer”! However, from German election to German election, things are not clearer once the vote has been completed, but more turbulent and,…
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Catalan leaders in court facing crimes of more than 30 years in prison, by Duncan Sutherland
Guest post. Open to comments here. Disloyalty or Dissent? Political dissent is still evidently constitutionally defined as disloyalty in some instances in Spain. Is this a sound basis for the rule of law in a democracy? Discuss with reference to the Spanish constitution of 1978 and the founding principles of the European Union.
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Scotland – “A Terrible Beauty Is Born”, by Duncan Sutherland
Guest post. Since Sunday morning, when the First Minister of Scotland, Nicola Sturgeon, answered a question on a BBC Scotland television programme known as Politics Scotland concerning a House of Lords advice note which had been circulated on the subject of legislative consent in relation to legislation giving effect to Brexit which would have to…
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Scotland and Brexit, by Duncan Sutherland
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Euractiv.com, Paul Jorion : ‘Jean-Claude Juncker’s moral authority has been damaged’, 14th November 2014
Euractiv.com, Paul Jorion: ‘Jean-Claude Juncker’s moral authority has been damaged’ Does the LuxLeaks scandal represent a risk for the Commission? Paul Jorion: Jean-Claude Juncker’s moral authority has been damaged. Of course, he hopes his investment plan will bring confidence, and it is a good idea. Especially if it can create employment and give purchasing power…
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On Europe, an answer to Mr François Hollande, president of the French Republic, by Pierre-Yves Dambrine
An English translation of Sur l’Europe, en réponse à Monsieur François Hollande, président de la République, par Pierre-Yves Dambrine by Johan Leestemaker Invited commentary, in response of a tribune de François Hollande published today May 8 in the daily newspaper Le Monde, Paris, France. Mr. President, I have carefully read your speech on Europe, published today in…
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European Parliament, Committee on Economic and Monetary Affairs, November 5, 2013
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“The future of the Eurozone from an interest rate standpoint”, European Parliament, November 5, 2013
Here my contribution to European Parliament, Committee on Economic and Monetary Affairs, November 5, 2013, 3:30 to 6:30 p.m. The future of the Eurozone can be approached as a logical problem. If not solved, it can at least be significantly clarified when the issue is examined from the single standpoint of the sovereign debt’s coupon…
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A mail exchange about JP Morgan’s “The Euro area adjustment: about halfway there”, Europe Economic Research, 28 May 2013
From : Paul Jorion Object : The Euro area adjustment: about halfway there Date : 21 June 2013 21:33:20 UTC+02:00 To : Malcolm Barr, David Mackie Good day MM. Barr and Mackie, I’m writing to you as I receive several mails drawing my attention to the following paragraph of your recent May report: “The political…
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LE SOIR, ‘The only solution is to pool all the debts’, September 4, 2012
Translated from the French by Tim Gupwell. 4 September 2012 An interview with Dominique Berns which appeared today in the economy pages of the daily newspaper, LE SOIR. “To save the Euro, we must mutually pool the debts” Q : The president of the ECB, Mario Draghi, has pledged to do “everything within his power to…
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THE ONLY REMAINING MEANS OF SAVING THE EURO
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PROGRESS, TOO GOOD TO BE TRUE, by François Leclerc
Guest post. Translated from the French by Tim Gupwell When there seems no way out, and the future seems unclear, it is then that promising visions of the future seem to abound. The Bundesbank, accompanied by all those who take their cues from it, never miss an opportunity to remind us of the formula they…
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WHEN WE’RE NOT MOVING FORWARDS WE’RE GOING BACKWARDS…, by François Leclerc
Guest post. Translated from the French by Tim Gupwell The European Finance Ministers managed during the course of the night to finalize a minimal agreement, which needs, as usual, to be examined in detail due to its grey areas. They put together a set of nominations to the ECB and the ESM based upon the…
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GUILTY PARTIES WANTED !, by François Leclerc
Guest post. Translated from the French by Tim Gupwell In accordance with the predictable script, the bond market is under pressure again. The cost of servicing Spanish and Italian debt has continued to increase as their financing plans move forward in little measured steps. The effect of all this is to place an additional burden…
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THE SPANISH RISK PREMIUM
The Spanish risk premium There were two bond issues today, one in Spain, the other in Denmark, which allow us to carry out an interesting little calculation of the risk premium required of Spain when it borrows on the capital markets. A short while ago the Spanish Treasury department issued more than 3 billion Euros…
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AND NOW?
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SPAIN IN STORMY WATERS