German chancellor Angela Merkel is nothing if not the embodiment of pragmatism. It is time that she demonstrates that trait with regard to Greece. In 2009, the chancellor did a pivot on the matter of economic stimulus. More recently, she changed course on her policy on the minimum wage as well as her position on …Read More
AICGS was pleased to host a private breakfast discussion with a special guest, Dr. Andreas Dombret, member of the Executive Board of the Bundesbank. The discussion focused on the current situation in the euro area. More specifically, he addressed the ongoing efforts to overhaul the banking sector in the monetary union and highlight how the new Single Supervisory Mechanism …Read More
The current state and the future of the European banking sector set the agenda of the AICGS workshop entitled “Welcome to the Banking Union: Sound Financial Regulation to Fuel Economic Growth?” on November 17, 2014. Panelists included experts on the financial sector Nicolas Véron from the Peterson Institute for International Economics, Gunnar Stangl from Commerzbank …Read More
The latest monetary decisions made by the U.S. Federal Reserve (Fed) and the European Central Bank (ECB) are keeping analysts very busy. The two key questions central bank watchers are grappling with are: Is the Fed going to tighten monetary policies earlier than expected and will the ECB be forced to enact a broad program of …Read More
Business and Economics Gauck advocates trade agreement with Canada (Die Zeit): German President Joachim Gauck has called for better communication of the Ceta trade agreement with Canada. The deal is considered a blueprint for the TTIP treaty with the United States. Alexander Dobrindt: Google defies the social market economy (FAZ): Europe does not want to …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.
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
As economic growth in Germany falls short and French prospects begin looking up, now is the time for a new Grand Bargain over debt and reform in the Euro Zone. AICGS Non-Resident Fellow Peter Rashish details the impact of French President Francois Hollande’s recent successes in economic reform, including removing left-wing cabinet members from office.
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
In May 1989, U.S. President George H.W. Bush gave a speech in Mainz, West Germany, inviting—or challenging—Germany to be a “partner in leadership” with the United States. Many Germans greeted the American president’s words with trepidation, fearing in part how others in Europe and in Moscow might react to the American charge to Germans—in a …Read More