While the global economy has overcome many of the effects of the financial crisis, slow growth, job losses in traditional sectors, and increasing inequality are testing the ability of governments in advanced economies like the United States and Germany to provide broad-based prosperity. A high-standard, rules-based international trading system and well-regulated financial markets will continue to be important drivers of economic growth and a focus of attention for governments and business alike.
The managing director of the International Monetary Fund, Christine Lagarde, has issued a stern warning about the growing dangers of deflation. In a speech in Washington on January 15, she said that falling prices “could prove disastrous for the recovery.” Lagarde picks up a topic that has worried many Europe observers for months: a fall …Read More
In this latest installment of the AICGS At Issue Interview Series, AICGS President Jack Janes sat down with Philipp Mißfelder to discuss Germany’s approach to dealing with the euro crisis, as well as that of Europe as a whole. They also examine the current situations in Syria and Iran and what options may be available …Read More
U.S. Secretary of the Treasury Jack Lew traveled to Germany this week to promote the Obama administration’s views on what the new government in Berlin should do in order to promote growth in the European Union. In essence, Lew asked his German counterpart, Wolfgang Schäuble, to forget fiscal austerity, stimulate domestic demand and, thus, reduce …Read More
AICGS’ conference on “EU Membership for Turkey: Endless Negotiations?” on February 7, 2014, featured panelists from Turkey, Germany, and the UK, including Ambassador Dr. Heinrich Kreft, Deputy Director General for International Academic and Educational Relations and Dialogue among Civilizations at the German Foreign Ministry. This conference was the second part of a trilateral dialogue on Turkey in cooperation with the Middle East Technical University (METU) in Ankara, Turkey, and the Brandenburg Institute for Society and Security (BIGS) in Potsdam, Germany.
Introduction Six years after the worst financial crisis in more than fifty years, the banking sector is still undergoing profound changes. Regulators on both sides of the Atlantic are tightening the rules for those credit institutions deemed to be systemically important. Public authorities in both the European Union (EU) and the United States are trying …Read More
The rest of Europe has lately been looking with envy at Germany. Over the past decade or so, Germany has morphed from the sick man of Europe to Europe’s economic powerhouse in the public perception. German machinery and luxury cars are exported all over the world, and Germany now has the world’s largest current account …Read More
In the course of 2013, German-American relations reached their lowest point since the beginning of the Iraq War a decade ago. Europeans have been outraged over the revelations concerning the NSA’s surveillance programs. There has also been lingering disagreement on a range of issues spanning economic, energy, and security policy. All of this has burdened …Read More
Member of German Parliament (CDU) Andreas Schockenhoff emphasizes that we can expect continuity in the Grand Coalition’s foreign affairs. He also notes the Ukraine’s independence from Russian pressure tactics and the crucial importance of resolving the NSA scandal in this interview.
Arguing in Forbes that the Free Democratic Party’s exit from the Bundestag spells stagnation for the German and European economies, Doug Bandow details the FDP’s long slide to missing the 5 percent threshold to enter the German parliament and criticizes the Christian Democratic Union’s and Christian Social Union’s concessions to the Social Democratic Party during …Read More
Criticism of German domestic economic policy has reached unprecedented intensity in recent weeks. The United States Department of Treasury and the European Commission have both called out Germany for its substantial current account surpluses and asked German policymakers to take steps to restore balance. Superficial commentary has explained Germany’s large surplus as a product of …Read More