The shock of Britain’s vote to leave the European Union has German carmakers scrambling. Not only is Britain their number one export market, last year, British buyers spent €22 billion on over 800,000 BMWs, Mercedes, Volkswagens and other German cars. What’s more, Britain is also deeply embedded in the German automakers’ complex supply chains. The …Read More
In this featured article from Scientific American, Stefan Theil, Newsweek’s Berlin Bureau Chief and regular AICGS contributor, examines how Germany is able to maintain a strong manufacturing sector, and thus a relatively strong economy despite ongoing struggles in Europe. View the full article here This content is generously provided to AICGS by Scientific American.
In his essay Is Europe’s Troubled Marriage Doomed?, Stefan Theil, Newsweek’s Berlin Bureau Chief and AICGS contributor, analyzes the effects of the divide between Europe’s states to the north and those to south on the ongoing debt crisis. By also explaining the euro zone crisis in an American context, he looks to build an understanding of how the crisis started, as well as what it could mean for the feeble U.S. economic recovery.
View Commentary by Steven Erlanger View Commentary by Stefan Theil
As euro zone governments quietly work on a proposal to relieve Greek bond debt, a much louder debate over the future of the euro zone has come about across Europe. The following several articles focus on the debate and show the range of opinions regarding the future of the euro zone.
Germany has become the object of Europe’s resentment, writes Stefan Theil, Newsweek correspondent and a regular contributor to the Advisor, mostly because the weak euro has meant a strong German. But at the same time, Theil argues, Germans are starting to feel some disillusionment with supporting some fellow euro zone members, a growing attitude that will eventually force action – action that Germany will likely lead. This essay originally appeared in the January 23, 2011, edition of Newsweek.