Germany Needs More Industrial Policy
The past two years have been hard for the German economy. Not only has the energy price shock following Russia’s invasion of Ukraine in February 2022 shaved off roughly 4 …
A Missed Chance: The Grand Coalition and Public Investment in Germany
The rest of Europe has lately been looking with envy at Germany. Over the past decade or so, Germany has morphed from the sick man of Europe to Europe’s economic …
Knausrige Kanzlerin verschärft die Euro-Krise
As Portugal, Spain, and others have to pay exorbitant interest rates on their government debt, all of Europe is threatened with an increasingly worse economic crisis, writes Senior Non-Resident Fellow Dr. Sebastian Dullien. Germany could help, Dr. Dullien argues, but instead a ‘stingy’ Chancellor Merkel is endangering the euro zone with her government’s mindset of demanding punishment for countries in crisis. This essay originally appeared in the January 17, 2011, online edition of Der Spiegel and is available in German only.