In a widely-read interview with the German daily tabloid Bild just days before his inauguration, Donald Trump called the British decision to leave the EU “smart,” and predicted that other member states would follow suit.[1] The spectacle of Europe’s strongest ally, the United States, calling into question the value of the EU—the model of the …Read More

March 29, 2017 marks an historic day for Europe: The British government has handed over the official letter for exiting the European Union to EU president Donald Tusk. This move, the so-called Brexit, is an important event in EU integration—perhaps a watershed. So far, the integration process has been marked by continuous deepening toward an …Read More

Wolfgang Muno

Dr. Wolfgang Muno is a DAAD/AICGS Research Fellow in March and April 2017. He is a Senior Lecturer at the University of Mainz (habilitation 2015) and Acting Professor of International Relations and Comparative Political Systems at University of Landau. Previously, he was Acting Professor of International Relations at Zeppelin University, Friedrichshafen, and Acting Professor for …Read More

Germany has emerged as the EU’s central economic and political power in today’s crisis-ridden Europe. The U.K., after the Brexit vote, has probably dropped out of global crisis management for quite a while and the United States, under President Barack Obama, already significantly retrenched from global commitments. Thus the election of Donald Trump marks a …Read More

2016 has seen significant upheaval and sets the stage for an even bumpier 2017. Leading up to national elections in several major European economies—Germany, France, the Netherlands, and potentially Italy—voters and politicians alike are watching closely to see how Britain’s economy fares as Brexit plays out. The average individual has personally felt few effects of …Read More

2016 As a Special Year for the UK and the U.S. The UK experienced a rather surprising victory by the supporters of Brexit—i.e., those in favor of the UK leaving the European Union. The British referendum result of a majority in favor of Brexit was indeed a surprise to most observers, however, not really to …Read More

The future European security architecture will be decided on two questions: Will the EU and the UK choose the path of a hard line to demonstrate EU unity on the one hand and British strength on the other, or will they follow a pragmatic approach to protect and perpetuate important security relations? What impact will …Read More

Distinguishing between risk and uncertainty—two concepts dating back to economist Frank Knight (1921)—has become popular in financial policy analyses in the aftermath of the global financial crisis of 2007-09. Risk refers to all those possible futures whose probabilities can be estimated, put in numbers, the “known unknowns.” Uncertainty, on the other hand, refers to the …Read More

As I write in mid-July 2016, all the Transatlantic chatterati can seem to talk and write about—except when temporarily interrupted by terrorist outrages like the one at the Istanbul airport on June 28—is Brexit. It is as though, for some, everything was just fine in Europe before June 23. And it is all too typical …Read More

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

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