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Buying 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.

Measuring Movement in Munich

In this week’s At Issue, Executive Director Jack Janes writes from this year’s annual Munich Security Conference (MSC). A benchmark for the defense discussions of the transatlantic community for almost fifty years, the conference has had to continually incorporate new global threats and concerns in its agenda. With the centers of global power continuing to shift away from Cold War era alignments, the challenges for the US and Europe require increased dialogue with more partners and players around the globe.

“A Small but Fine Piece” – More Small than Fine

Prof. Dr. Andreas Freytag takes a look at the outcome of this week’s EU summit in Brussels. According to Prof. Dr. Freytag, while the agreement of a fiscal pact by 25 of the 27 EU member states was good news, European leaders once again failed to address several key issues of the crisis.

Iran: Through the Looking Glass

As tensions rise over Iran’s nuclear ambitions, the European Union has ratcheted up its pressure on Iran with an oil embargo. Tehran is now threatening with an embargo of its own, while the United States leaves its threat of military action on the table and Israel worries about the clock running out of time to stop Iran from obtaining a nuclear weapon. Is 2012 the year where war becomes inevtiable? And what can Germany or the EU do to prevent it?

Merkel’s Summit

Rarely has one of the recent European crisis summits had as little impact on the public mood as the one just concluded in Brussels on Monday of this week. Reactions …

Ten Years of WTO Doha Negotiations: New Impetus Required

In this report, Oliver Wieck proposes a new impetus to overcome the ongoing deadlock in the WTO Doha negotiations. German industry has a huge interest in a strong multilateral trading system with bilateral free trade agreements offering additional market opening. The recent initiative between the EU and the USA to intensify the economic ties could not only boost genuine transatlantic market opening but should also set a clear signal to the new economic powers like China, Brasil and India to join the “Club of Free Traders”.