Euro
At Issue Interview: Bruce Stokes
In this latest installment of the AICGS At Issue Interview Series, AICGS President Jack Janes and Senior Fellow Alexander Privitera sat down with Bruce Stokes, Director of Global Economic Attitudes in the Pew Research Center’s Global Attitudes Project, to discuss the findings of a recent Pew report on attitudes toward the European Project… Read more >
Bernanke’s Slide
The global financial markets’ slide on Thursday was a stark reminder of the fact that investors remain addicted to cheap money from central banks. It only took U.S. Federal Reserve Chairman Ben Bernanke informing Congress that the purchases of Treasuries and mortgage backed securities could be reduced in the “next few meetings”… Read more >
The Trust Trifecta
Engraved on the U.S. dollar bill are the words “in God we trust.” The sarcastic extension of that phrase says “all others pay cash.” It seems that forces rampant in the U.S. and in Europe are trending toward a decline in trust in leaders, currency, and in governments overall. Public opinion polls… Read more >
Here we go again … – Die Briten und Europa
Klaus Larres, ehemaliger DAAD/AICGS Fellow und zur Zeit als Professor für Geschichte und Internationale Beziehungen an der University of North Carolina in Chapel Hill tätig, analysiert die Beziehungen zwischen Großbritannien und der EU nach der Europa Rede von David Cameron. “Here we go again” – Die Briten und Europa, von Klaus Larres,… Read more >
It’s Not Only the Economy: Germany’s role in averting a Western meltdown
Download Policy Report The observed capital flows out of distressed countries into countries that are seen as “safe harbors” have in fact resulted in historically low yields of German and U.S. government bonds and helped the respective government budgeting. However, the current trading levels are unlikely to be sustainable and should not… Read more >
The Unsinkable Euro-Dollar Exchange Rate
Why is the euro crisis different from all other sovereign debt crises? The euro’s exchange rate has remained remarkably stable. The euro has depreciated by only 7 percent versus the U.S. dollar since the start of the crisis in 2010. This pales in comparison to the devastating currency collapses of well over… Read more >
Poland and Further Enlargement of the Euro Zone: Chance for Poland, Chance for Germany
Amid the euro crisis it seems elusive to think about further enlargement of the euro zone. After all, the political elites, the media, and the common European people are busy debating whether the euro will even survive. The legitimate questions being asked are whether it’s fair to help states to stay in… Read more >
Constitutional Challenges and Choices
The next time Chancellor Merkel and President Obama get together, they could compare notes on their experiences with waiting for an important decision from their respective Supreme Courts. In June, Obama got a lift from his Chief Justice regarding the constitutionality of the Patient Protection and Affordable Care Act. This week, Merkel… Read more >
After the Decision is Before the Decision
Professor Russell Miller is a Professor of Law at Washington & Lee University School of Law, as well as the Co-Editor-in-Chief of German Law Journal. Professor Miller has also co-authored an upcoming book with Donald P. Kommers entitled “The Constitutional Jurisprudence of the Federal Republic of Germany.” Click her for more information about this forthcoming… Read more >
Waiting on Karlsruhe
As the month of August inexorably ticks away, investors and policymakers are getting ready for a hot September. In the coming weeks, Chancellor Angela Merkel will meet with the French President Francois Hollande and the Prime Ministers of Italy, Spain and Greece. They will debate whether or not Greece should be granted… Read more >
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