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). …
He’s Done it Again
He’s done it again. Mario Draghi, the head of the European Central Bank, has worked his magic and achieved exactly what he set out to do. This time, he talked …
Merkel’s Current Headaches
If Chancellor Angela Merkel could decide who should run Italy and Spain, she would have little doubt about whom to choose: Mario Monti and Mariano Rajoy, the current prime ministers …
A European Currency War?
Update: remarks made by French President Francois Hollande in Strasbourg on Feb. 5, 2013 concerning the need for action on the strength of the euro has only helped to stoke …
The Emerging Transpacific Partnership: Chance or Threat for the EU?
The views expressed in this paper are those of the authors and not necessarily those of the German government. Preface Following the Obama administration’s announcement of its pivot toward Asia, …
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Support Our WorkEurope’s Pivotal Week
This was truly a remarkable week for Europe. It opened with Franco-German festivities in Berlin celebrating fifty years of the Elysee treaty. It continued with UK Prime Minister David Cameron …
No Claim to Victory
While most commentators who listened to Mario Draghi’s first press conference in 2013 focused on the upbeat tone of the remarks made by the ECB’s president, I prefer to focus …
Transatlantic Brinksmanship
In this latest commentary originally published by the Peterson Institute for International Economics, PIIE Senior Fellow and frequent AGI contributor Jacob Kirkegaard examines the role of brinksmanship among politicians in both …
Monti’s Campaign
By finally stepping into the political fray, Italy’s outgoing Prime Minister Mario Monti has sent a strong message to the outside world that it should still be very worried about …
Yet Another Year of the Central Banker
2012 was the year that Mario Draghi saved the euro. There is no doubt that it was the European central banker’s simple statement that the ECB was ready to do …
End of Year Summitry
The European Union’s end of year summit delivered what amounts to solid progress: there is a deal on a banking union and the European central bank will in fact become …
Italy’s Revolving Political Door
Italian Prime Minister Mario Monti’s sudden decision to pull the plug on his own government sent shockwaves across Europe and spooked investors. In fact, many observers squarely attacked former Italian …