How mobile are workers in the euro currency area? Everyone directly or indirectly involved in devising, designing, and implementing the single European currency had to deal with this question in great depth, with good reason. According to Robert Mundell, winner of the Nobel Prize for Economics, one of the elementary characteristics of an optimum currency …Read More
About a year ago, markets were experiencing serious taper tantrums. At the time, ECB President Mario Draghi proudly defended the fact that unwinding outright asset purchases, and therefore reducing its huge balance sheet, was only a challenge for the U.S. Federal Reserve (Fed), and not for the euro zone. Indeed, at the time, European banks …Read More
Dr. Nicole Renvert is a political scientist with a special focus on the analysis of think tanks, foundations, and Non-Governmental Institutions. Her recent book “Power Brokers in Difficult Times” reviews the role of German Political Foundations in transatlantic relations. Dr. Renvert has studied History, International Relations, and Political Science at the Universities of Bonn, the …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.
“The possible size of the [surveillance] programs has shocked people.” AICGS President Dr. Jackson Janes sits down with Dr. Günter Krings, Parliamentary State Secretary at the German Federal Ministry of the Interior, to talk about promoting further transatlantic dialogue on data privacy issues.
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 the wake of the recent espionage scandal, it is time for the U.S. and Germany to start cleaning up the damage and rebuild the relationship. Geopolitical hotheads on both sides of the Atlantic seem to forget two critical parameters: For the U.S., Germany is far too important as a national power, a European leader, …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