Alexander Privitera is a Senior Fellow and the Director of the Business and Economics Program at AICGS. He focuses primarily on Germany’s European policies and their impact on relations between the United States and Europe. Previously, Mr. Privitera was the Washington-based correspondent for the leading German news channel, N24. As a journalist, over the past two decades he has been posted to Berlin, Bonn, Brussels, and Rome. Mr. Privitera was born in Rome, Italy, and holds a degree in Political Science (International Relations and Economics) from La Sapienza University in Rome.

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Recent Essays

About a year ago, markets were experiencing serious taper tantrums. At the time, ECB President Mario Draghi proudly defended the fact that unwinding outright asset purchases, and therefore reducing its huge balance sheet, was only a challenge for the U.S. Federal Reserve (Fed), and not for the euro zone. Indeed, at the time, European banks …Read More

Now set to directly purchase asset-backed-securities, ECB President Mario Draghi is leading the Euro Zone in the opposite path of the U.S. Federal Reserve. AICGS Business & Economics Program Director Alexander Privitera analyzes the impact of the announcement for the Euro Zone.

Oath of the Horatii

Mario Draghi, the president of the European Central Bank, knows a thing or two about the importance of timing. As markets anxiously wait for new clues from the central banker about the possibility of the launch of a full blown, European version of QE, it is important to put a few things into perspective. The …Read More

Writing a book about one’s own boss is a difficult task under any circumstance. The exercise is particularly tricky if the person in question is a highly controversial banker; if his name is Josef Ackermann, the former CEO of Deutsche Bank; and finally, if the author is trying to convince the skeptical German readership that …Read More

Since U.S. President Barack Obama’s decision to bomb Sunni extremists in Iraq, German public opinion has debated whether to get involved and if so, why. In its initial reaction to the crisis, the German government, sensing that its citizens would prefer to stay out of any new international entanglement, tried to suggest to its international …Read More

Events of the past few months have once again proven that, in today’s world, defining what a rules-based order is has become increasingly difficult. In fact, the world order increasingly looks more like world disorder, to echo a title of a forthcoming book by Henry Kissinger. Challenges to western democracies both from within the system …Read More

Thanks to the actions taken by the European Central Bank (ECB) in 2012, the euro crisis is over. But the damage inflicted to the real economy will take years to repair. Indeed, in the absence of a more robust recovery Europe could experience a decade of low growth, low inflation, and high unemployment and stubbornly …Read More

Since the 2008 financial crisis, the United States and Europe have sought to reform the banking industry in an effort to reduce future risks to the financial system and economy. This Policy Report compares the role of capital markets in the U.S. and Europe in supporting the real economy. It focuses on the link between traditional banking and the …Read More

The recent international agreement in Geneva does very little to resolve the crisis in Ukraine, but it has bought time for all parties involved. The Russians will likely try to consolidate their presence in the east of the country, which, contrary to Moscow’s expectations, does not seem to be enthusiastic about the prospect of becoming …Read More

Germany’s hope that Russian president Vladimir Putin might tolerate a face saving opportunity for all parties involved in the Ukrainian crisis is fading fast. A nebulous solution at the negotiating table is turning into a fata morgana. Putin is forcing Angela Merkel’s hand. The chancellor and her foreign minister, Frank-Walter Steinmeier, will soon face a …Read More