A weekly round-up of news and happenings in German-American relations. Business and Economics Brexit is merely one more worry for Germany’s leading lender. (Economist) S&P Global Ratings on Tuesday lowered its credit outlook for Deutsche Bank AG to negative from stable. (WSJ) VW scandal reaches all the way to the top, lawsuits say. (NYT) Germany …Read More

The EU-U.S. Privacy Shield—the successor to the invalidated Safe Harbor program for transatlantic transfers of EU personal data—was finally approved on July 12, 2016. U.S. organizations will be able to certify compliance with the Privacy Shield principles starting on August 1, 2016, and then be able to receive personal data from EU or EEA-based organizations …Read More

Das Vereinigte Königreich hätte auch im Falle seines Verbleibes in der EU weiter um seine Sonderrechte gekämpft, nur ausgesuchte Projekte und Maßnahmen des Integrationswerkes akzeptiert und wäre somit ein unbequemer Partner geblieben. Der Ausgang des Referendums reflektiert neben aktuellen Sorgen breiter Kreise der britischen Bevölkerung auch alte, zum Teil Jahrhunderte alte Kräfte, die Londons Haltung …Read More

Is Brexit a warning shot or a mortal wound for the European project? “What is past is prologue,” wrote Shakespeare in The Tempest, a play about the fragility of life and human nature. “Hell is empty and all the devils are here.” In Europe, the past is always prologue, but certainly today, it created the …Read More

With Britain’s decision to leave the EU, the clouds of uncertainty hanging over the proposed US-EU free trade deal (known as the Transatlantic Trade and Investment Partnership or TTIP) have become darker. The negotiations were formally launched three years ago and have stalled because of transatlantic differences (for instance over issues of investor protections and …Read More

What are the implications of Britain leaving the EU for Germany in the context of its relations with Russia? First, chancellor Merkel is losing an important ally in the EU for a vigorous response to Putin’s policies in what he considers to be a traditional Russian sphere of influence, that is, the Baltic nations, the …Read More

The Grand Coalition just cannot get rid of the hot potato called Europe. The governing parties are arguing with great persistence about the solutions and answers to the European crises of our time. The most recent example: the dispute between SPD party leader Sigmar Gabriel and Wolfgang Schäuble, the Europe doyen of the CDU. The …Read More

A weekly round-up of news and happenings in German-American relations. Business and Economics The effects of Brexit notwithstanding, European companies have suffered an alarming decline in standing over the last decade compared to their American and Asian competitors. What happened? (Economist) Germany to hike minimum wage: Just one year old, the minimum wage in Germany …Read More

A weekly round-up of news and happenings in German-American relations. Business and Economics Moelis & Co. names Bank of America’s Stefan Mueller to head investment banking in Germany. (Bloomberg) After Brexit, the Dax recovery rally continues. (FAZ) The International Monetary Fund on Wednesday said that Britain’s pending exit from the European Union is posing “a …Read More

Introduction The European Union (EU) and the United States were key actors in the UN Framework Convention on Climate Change (UNFCCC) negotiations that culminated in the adoption of a global climate agreement in Paris on December 12, 2015. Germany has been one of the most active EU member states on climate diplomacy. After a long …Read More

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