A weekly round-up of news and happenings in German-American relations.

Business and Economics

The German state profited from incurring more debt in the first half of this year, a newspaper report showed on Monday. (DW)

Why voters don’t buy it when economists say global trade is good (NYT)

German Chancellor Angela Merkel says TTIP, a planned trade deal between the U.S. and the European Union, is “absolutely in Europe’s interest” and is rejecting an industry group’s criticism that politicians aren’t doing enough to support it. (U.S. News)

Bavarian protest shows mood turning against free trade. (FT)

Germany’s banks are suffering from chronic lack of profitability. (FT)

Foreign and Domestic Policy

Bavarian State Premier Horst Seehofer distances himself from German Chancellor Angela Merkel’s refugee policy, rejecting her “We Can Do This” slogan. (DW)

Tensions between two key players in Europe’s migrant crisis deepened as Turkey summoned one of Germany’s top diplomats there after the handling of a large demonstration in Cologne angered Turkish officials. (WSJ)

Turkey’s foreign ministry has summoned the charge d’affaires at the German Embassy after German authorities refused to let the Turkish president address a pro-democracy rally in Cologne by video link, in the latest sign of tension between Berlin and Ankara. (Financial Times)

Tens of thousands of people in Germany have turned out in support of Turkish President Recep Tayyip Erdogan, in a rally that raised diplomatic tensions. (BBC)

The German Greens have called on Angela Merkel’s government to offer fast-track citizenship to Britons living in Germany in an effort to ensure they can remain once Britain leaves the EU. (Guardian)

The end of Germany’s golden age: Angela Merkel was great when things were good, but can she lead in darker times? (Politico)

Society, Culture, and Politics

In a pivotal Olympic soccer game from Group C, Germany tied South Korea 3-3 on Sunday afternoon at the Fonte Nova Arena in Salvador. (NBC)

A Syrian refugee has been crowned “queen” of one of Germany’s top wine-making regions, the first asylum seeker to receive such an accolade. (BBC)

Senior members of Angela Merkel’s party defended her refugee policy after the German chancellor’s approval rating plunged in the wake of a series of attacks that unsettled the public and sparked political opposition. (Bloomberg)

Turks in Germany face identity crisis as rift between nations grows wider. (CNN)

At AICGS

Save the date! A half-day conference on the challenges, choices, and consequences of the new White Paper on German Security Policy and the Future of the Bundeswehr will be held September 21 at the German Marshall Fund in Washington, DC.

AICGS is now accepting applications for the DAAD Prize for Distinguished Scholarship in German and European Studies. The application deadline is August 31, 2016.

AICGS is now accepting applications for the next round of DAAD fellowships. The application deadline for Spring 2017 (January 2017 – June 2017) is August 31, 2016.