Euro
The Trust Trifecta
Engraved on the U.S. dollar bill are the words “in God we trust.” The sarcastic extension of that phrase says “all others pay cash.” It seems that forces rampant in the U.S. and in Europe are trending toward a decline in trust in leaders, currency, and in governments overall. Public opinion polls… Read more >
Here we go again … – Die Briten und Europa
Klaus Larres, ehemaliger DAAD/AICGS Fellow und zur Zeit als Professor für Geschichte und Internationale Beziehungen an der University of North Carolina in Chapel Hill tätig, analysiert die Beziehungen zwischen Großbritannien und der EU nach der Europa Rede von David Cameron. “Here we go again” – Die Briten und Europa, von Klaus Larres,… Read more >
It’s Not Only the Economy: Germany’s role in averting a Western meltdown
Download Policy Report The observed capital flows out of distressed countries into countries that are seen as “safe harbors” have in fact resulted in historically low yields of German and U.S. government bonds and helped the respective government budgeting. However, the current trading levels are unlikely to be sustainable and should not… Read more >
The Unsinkable Euro-Dollar Exchange Rate
Why is the euro crisis different from all other sovereign debt crises? The euro’s exchange rate has remained remarkably stable. The euro has depreciated by only 7 percent versus the U.S. dollar since the start of the crisis in 2010. This pales in comparison to the devastating currency collapses of well over… Read more >
Poland and Further Enlargement of the Euro Zone: Chance for Poland, Chance for Germany
Amid the euro crisis it seems elusive to think about further enlargement of the euro zone. After all, the political elites, the media, and the common European people are busy debating whether the euro will even survive. The legitimate questions being asked are whether it’s fair to help states to stay in… Read more >
Constitutional Challenges and Choices
The next time Chancellor Merkel and President Obama get together, they could compare notes on their experiences with waiting for an important decision from their respective Supreme Courts. In June, Obama got a lift from his Chief Justice regarding the constitutionality of the Patient Protection and Affordable Care Act. This week, Merkel… Read more >
After the Decision is Before the Decision
Professor Russell Miller is a Professor of Law at Washington & Lee University School of Law, as well as the Co-Editor-in-Chief of German Law Journal. Professor Miller has also co-authored an upcoming book with Donald P. Kommers entitled “The Constitutional Jurisprudence of the Federal Republic of Germany.” Click her for more information about this forthcoming… Read more >
Waiting on Karlsruhe
As the month of August inexorably ticks away, investors and policymakers are getting ready for a hot September. In the coming weeks, Chancellor Angela Merkel will meet with the French President Francois Hollande and the Prime Ministers of Italy, Spain and Greece. They will debate whether or not Greece should be granted… Read more >
The End of Angela’s Summer Break
Angela Merkel’s summer break is over. Upon her return to Berlin, the German Chancellor will find an atmosphere that by now is all too familiar — frantic, heated headline-grabbing public discussions about a possible Greek exit, and the likelihood of a full-scale breakup of the euro zone.
6 Grundsätze für Stabilität
This analysis was originally published by Initiative Neue Soziale Marktwirtschaft. The original text is in German, but an executive summary in English can be found below. Ein Rahmen für die Europäische Wirtschafts- und Währungsunion – 6 Grundsätze für Stabilität Executive Summary A Framework for the European Economic and Monetary Union – 6… Read more >
