Wait and See
Europeans are looking at September 22 as the day that could finally deliver some badly needed change to the continent. This is not to say that many Germany watchers expect …
Schaeuble’s Interim Banking Union
In a recent article for the Financial Times, Germany’s Finance Minister Wolfgang Schaeuble finally explained to an international audience why he thinks treaty changes are necessary in order to provide …
Selling the German Model
In my recent piece from the Financial Times (paid content), I argue that the German economic model being sold so aggressively throughout the euro zone may not be the most effective …
Abenomics
‘Abenomics’ has taken Europe by storm. Don’t get me wrong, policymakers on the old continent expected the new Bank of Japan’s governor Haruhiko Kuroda to act, but they certainly did …
Lessons from Cyprus for the ECB
Days after agreeing to a punitive bailout, the citizens of Cyprus are getting ready to witness the end of a flawed business model. Successfully preventing a sovereign default and euro …
After the Bank of Japan’s Move
Global central banks were back in the spotlight on Thursday, as the Bank of Japan (BOJ) finally decided to emulate the U.S. approach to the economic crisis. By engaging in …
Napolitano’s Plan
At age 87, the President of Italy, Giorgio Napolitano, is getting ready to guide Italian politics out of the deep hole it has sunk into. He will need to gather …
Italy’s Electoral Chaos
The Italian elections have resulted in gridlock. With polls increasingly painting a picture of utter confusion, and no obvious majority, Italian commentators displayed growing incredulity. Many international observers are already …
Italian Election Scenarios
“If Italians want to vote for Silvio Berlusconi, the problem is not Berlusconi, it’s Italians.” Those few words uttered by Italian Prime Minister Mario Monti during a radio interview just …
The State of the Union: Beyond Free Trade
Forging a transatlantic free trade agreement is an ambitious but elusive goal. The record of past trade talks is littered with disputes. Just recently, Europeans and Americans managed to fight …
Agenda 2010 Revisited
Ten years after its birth, Agenda 2010, the series of structural reforms announced and implemented by then German Chancellor Gerhard Schroeder, has become the symbol for Germany’s “Jobwunder” (jobs miracle). …