The Half Full Glass
Senior Fellow Alexander Privitera argues that the skeptics might underestimate that in this crisis, progress is not only measured in pure economic terms, but also by political progress.
Enhancing European Security
Europe will soon need to focus greater attention on its shared defense policy, an aspect that has been overlooked for quite some time. According to the authors, Germany must take the lead for such an initiative.
Another Delay
Senior Fellow Alexander Privitera examines yet another delay in the decision to boost the financial firewall in Europe following the latest meeting of European finance ministers.
The Master Tactician
Facing increasing headwinds within her coalition, Merkel has decided to ask for a constitutional majority of two thirds of lawmakers to endorse the European fiscal pact, arguably her main personal achievement since the beginning of the crisis. It was a bold tactical move that could have far reaching consequences.
The ‘Good’ Week
In spite of some cautionary words from Chairman of the Federal Reserve Ben Bernanke on the economic recovery, this past week was a relatively good one for the financial markets. However, according to AICGS Senior Fellow Alexander Privitera, the mood could soon be changing.
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Support Our WorkBuying Time, Building Firewalls
European leaders have finally agreed to a deal that will send the next tranche of financial aid to embattled Greece in exchange for further austerity measures in Athens. According to Senior Fellow Alexander Privitera, while the deal will help Greece stay afloat in the short term, it increasingly signals that politicians in Europe may simply be buying time for an eventual Greek default.
Managing Majorities
In this weeks At issue, Executive Director Jack Janes looks at Chancellor Merkel’s struggle to sustain political support for the increasingly complicated agenda of the euro zone, as well as the interests and actors shaping the battle lines.
Unwarranted Schadenfreude (or Why the Survival of the Euro Matters to Americans)
Schadenfreude [shahd-n-froi-duh] noun: satisfaction or pleasure felt at someone else’s misfortune It’s very tempting for Americans to roll their eyes about the debt crisis in Greece, and to treat the …
The Moral Dilemma
While promoting the work of his government to U.S. President Barack Obama, Italian Prime minister Mario Monti was suddenly asked by his host how he dealt with German Chancellor Angela …
Germany’s Hidden Weaknesses
Dr. Norbert Walter is the former Chief Economist of Deutsche Bank. Dr. Walter is currently head of Walter & Töchter Consult. In this essay, which originally appeared in the New …
Konvergenzen und Divergenzen im “Währungsraum USA” im Vergleich zur Eurozone
Von Wirtschaftdiesnt 01/2012, ZBW – Leibniz-Informationszentrum Wirtschaft. Dr. Berend Diekmann ist Referatsleiter “Außenwirtschaftspolitik, Nordamerika, G8/G20, OECD” beim Bundesministerium für Wirtschaft und Technologie in Berlin. Christoph Menzel, Dipl.Volkswirt, und Tobias Thomae, …
Germany’s Historical Euro Responsibility
In this Op-Ed, which originally appeared in Süddeutsche Zeitung on January 12, 2012, J.D. Bindenagel takes a brief look back at the history of Europe leading up to the push for a European Monetary Union. According to Mr. Bindenagel, the future success of the Euro rests on the will of Europe’s leaders, and Germany in particular, to make their monetary union work.
