Argentina’s President-elect Javier Milei plans to replace the peso with the US dollar, on the assumption that shutting down the central bank’s “printing press” will curb public spending. This is pure wishful thinking, writes Queen Mary Global Policy Institute’s Paola Subacchi. bit.ly/40ZHrA1

Contrary to what Argentinian President-elect Javier Milei apparently believes, dollarizing the economy would make it more difficult for the government to finance the deficit. Policymakers should not encourage it, argues Queen Mary Global Policy Institute’s Paola Subacchi. bit.ly/3N1EnxC

I am sorry to miss it thanks to

Argentinian President-elect Javier Milei’s economic agenda aligns with the libertarian belief that the state’s role and size must be dramatically reduced. That does not bode well for the future of Argentina’s economy, notes Queen Mary Global Policy Institute’s Paola Subacchi. bit.ly/3N4fzVV

The dollarization of #Argentina's economy has been put off, but Paul Krugman The New York Times reminded me of the bitcoinisation of El Salvador's economy - another experiment in 'monetary magic', fortunately with limited impact Project Syndicate prosyn.org/ejYShGO

In collaboration with Sciences Po Chair in Sovereign Debt we kick off a panel on debt relief in practice, featuring #Somalia Finance Minister Bihi Egeh along with William Roos Barthelemy Faye Paola Subacchi Ministry of Finance #ThePlaceToSpeak

Countries that depend on the US dollar must be able to trust that their assets will not be seized or frozen, and their ability to make international payments will not be curtailed, on a political whim, write Paola Subacchi and Rosa M. Lastra. bit.ly/3vIvofd

Rosa Queen Mary University of London & I argue for a multilateral framework to govern the use of financial sanctions G7 G20 South Africa

🗓️ Happening TODAY at 4PM CEST! Join our discussion on financial sanctions against Russia and the future of the international monetary system! Learn more & register to join👉 loom.ly/UgUE3xg Scott R. Anderson Lorenzo Bini Smaghi Zongyuan Zoe Liu Paola Subacchi Fabrizio Botti

Only with a multilateral framework governing the use of financial sanctions, write Paola Subacchi and Rosa M. Lastra, can the global financial system function in a way that benefits all countries that depend on it – not just those in charge. bit.ly/3vIvofd

Incoming Chairholder of Sciences Po Chair in Sovereign Debt, Paola Subacchi notes the 'elephant in the room': "China has $3.3 trillion in reserves, and is the largest bilateral lender." She asks how we allocate these savings in an efficient way that actually ensure future sustainable growth.

Domani #elezioniUK per il rinnovo della Camera dei comuni. Il Labour torna in auge nel panorama politico britannico. Paola Subacchi racconta i dettagli nel numero di giugno del nostro magazine↘️ affarinternazionali.it/elezioni-uk-to…

19.30 Radio Radicale #SpazioTransnazionale Francia: Il fronte democratico risveglia la République UK: Il nuovo Governo Starmer Pressioni democratiche su Biden per il ritiro Il riformista Pezeshkian nuovo presidente iraniano Vi aspetto con Nathalie Tocci, Alessandra Coppola

🚨Friedrich-Ebert-Stiftung is kicking off its End The Sovereign Debt Trap project with an expert workshop on national legislation and the role of parliaments chaired by Paola Subacchi and Martín Guzmán in the run-up to the #FfD4 PrepCom in Addis Ababa. Stay tuned for more information. #ETDT

Avoiding a decade of sluggish growth – what Kristalina Georgieva of IMF has called the "tepid twenties" – will require G20 countries to agree on a multilateral policy framework, argues Sciences Po’s Paola Subacchi. bit.ly/3Sk63jT

Friedrich-Ebert-Stiftung kicking-off it’s End-the-sovereign-debt-trap project with an expert workshop on national legislation and the role of parliaments chaired by Paola Subacchi and Martín Guzmán in the run-up to #FfD4 PrepCom in Addis Abeba. #ETDT

A country that is reducing social spending to service its debts – despite the increase in poverty that will inevitably follow – is unlikely to be able to make long-term investments in sustainable development, points out Sciences Po’s Paola Subacchi. bit.ly/4eBC7IG

.Sciences Po’s Paola Subacchi proposes ways to reduce countries' debts today and to expand access to affordable finance for sustainable development in the future. bit.ly/4eBC7IG

I spoke with Paola Subacchi Chair in Sovereign Debt PSIA Sciences Po on “Greece on the brink, 2010/15: the debt crisis that hindered Europe” inaugurating the Chair’s DebtTalks podcast bit.ly/48fSskE Pleased it got a “clean” rating, clearly a show for the whole family.

Check out the latest episode of Sciences Po’s DebtTalks podcast! I talk with Paola Subacchi about Argentina’s 2001 default and the drama that followed. Georgetown University Press Mossavar-Rahmani Center for Business & Government CIGI smartlink.ausha.co/debttalks/afte…