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Spain, Italy, Germany Come to Deal after Euro Summit

Signaling a new direction in Europe’s efforts to stem the sovereign debt crisis, Germany, Spain, Italy, and other euro zone member states reached a deal to recapitalize Spanish banks with …

Europe’s Tightening Window of Opportunity

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 …

Romney Electioneering Abroad at Odds with Trending Approach in Europe

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 …

Credit Ratings for Seven German Banks Downgraded

On Wednesday, the international agency Moody’s downgraded the credit rating for seven German financial institutions. Commerzbank AG, Germany’s second largest bank, stands among the downgraded financial institutions. Some experts contend …

Volkswagen Outpaces Economic Forecasts While Southern European Car Sales Dwindle

This week, Volkswagen (VW) announced wage increases for over 100,000 workers in six of its plants in western Germany. Representatives of IG Metall and upper management of VW reached this …

Overcoming the Euro Crisis

The euro crisis has come to a preliminary halt following the two massive liquidity injections by the European Central Bank (ECB) in December 2011 and February 2012. However, these ECB interventions and the double haircut for private bondholders of Greek debt have not brought sustained stability. Moreover, the new Fiscal Compact adopted in December 2011 by twenty-five European Union (EU) countries is not a convincing remedy for the problems of the euro area. Indeed, the euro summit diplomacy of 2011-2012 has largely been inconsistent and the institutional limbo of the Economic and Monetary Union calls for broader reforms.

The Rise of China: Implications for the Transatlantic Relationship

China’s Importance for the Transatlantic Relationship How does the rise of China affect the transatlantic relationship? The United States and European Union are increasingly shifting their attention toward China as …

The Growth Compact

The President of the European Central Bank (ECB) was in heavily fortified Barcelona, Spain today. I believe it is the first time in the history of the ECB that it …

Nuclear Energy in the U.S. and Germany: Weighing the Risks

Energy and climate policy in the U.S. and in Germany seem to be miles apart. In 2011, Germany decided to phase-out nuclear, whereas in early 2012 the U.S. Nuclear Regulatory …

The Decentralization of the Electricity Grid – Mitigating Risk in the Energy Sector

Industrial countries like the U.S., Japan, and Germany depend on a functioning electricity grid as the backbone of their economies and way of life. Impediments to the electricity grid not only harm the economy and hurt the bottom line; they can also cause loss of life and hamper a country’s ability to react to a large-scale catastrophe.