“If Article 5 beckons, the United States should and will be there.” Barry Pavel and Jeff Lightfoot of the Atlantic Council It goes beyond saying that this statement is one of the few that all Americans agree on. But that is exactly the unsettling aspect of this reassurance. What necessitated this sentence?… Read more >
A Symposium on the Global Economy, Financial Markets, and the Auto Industry: A German / American PerspectiveOct 23
On October 23, 2012, the American Institute for Contemporary German Studies (AICGS) hosted “A Symposium on the Global Economy, Financial Markets, and the Auto Industry: A German / American Perspective.” Occurring before the Institute’s annual Global Leadership Award Dinner, the AICGS conference focused on two main topics: the challenges in stabilizing the… Read more >
Joining the growing number of high profile warnings on the future of the European and world economies, World Bank researchers gravely take note of the euro zone’s eroding gross domestic product, which is expected to decline 8.5 percent in the coming year. Given this path, they are asking themselves “what will happen,… Read more >
Determining the economic policy approach of the United States for the next four years, Americans have the opportunity in November to remain with President Barack Obama or switch to Republican presidential nominee-to-be Mitt Romney. But what would a Romney presidency mean for the transatlantic partnership? Over the weekend, Glenn Hubbard sent a… Read more >
Executive Summary: The End of the Years of Plenty? American and German Responses to the Economic Crisis
German and American responses to the economic crisis have varied since 2008. The Executive Summary to analysis by Tim Stuchtey, S. Chase Gummer, and Jacob Funk Kirkegaard highlights the main reasons for their differences and the outcomes of the two countries’ policies.
This briefing is the concluding event to AICGS’ project on The End of the Years of Plenty? American and German Responses to the Economic Crisis. The project examined the economic crisis and transatlantic policy responses, both in the present and—more importantly—what these policies may mean for the future. The project resulted in… Read more >
Germany is (one) key to the future of the Euro. Germany is a country endowed with a Chancellor who is capable and willing to lead. It is, however, also a country with its own mind – and a very peculiar one at that. The governing coalition consists of two parties in which… Read more >
Dr. Klaus Deutsch is currently Senior Economist with Deutsche Bank Research. He joined Deutsche Bank in July 1996 as an economist in the unit on Economic and Banking Policy, European integration in the headquarters in Frankfurt. After a one-year exchange stint with the Federal Chancellery in 1999/2000, he founded and has directed… Read more >
In his essay entitled The Malaise, Alexander Privitera, Washington-based N24 Special Correspondent and frequent AICGS contributor, examines the pessimistic mood growing among the U.S. population about the current state, and future, of the economy. With confidence in the ability of the U.S. economy to rebound falling, as well as the increasing failure of leaders to act, populist movements like the Tea Party may take root in the more widespread sentiment of the American people.
With the euro-zone fully entrenched in economic crisis, Europe’s leaders are scrambling to avoid contagion reaching some of the area’s largest economies, notably France and Italy. With the measures taken thus far having failed to calm market nerves, the focus will be shifting to Germany and its Chancellor, Angela Merkel, to lead the euro-zone back to greener pastures, according to AICGS Non-Resident Fellows Dr. Norbert Walter, Dr. Paul J.J. Welfens, and Dr. Klaus Deutsch, as well as frequent AICGS contributor Alexander Privitera.