Waiting on Karlsruhe
As the month of August inexorably ticks away, investors and policymakers are getting ready for a hot September. In the coming weeks, Chancellor Angela Merkel will meet with the French …
The End of Angela’s Summer Break
Angela Merkel’s summer break is over. Upon her return to Berlin, the German Chancellor will find an atmosphere that by now is all too familiar — frantic, heated headline-grabbing public discussions about a possible Greek exit, and the likelihood of a full-scale breakup of the euro zone.
The Most Powerful Woman in the World
AICGS Senior Fellow Alexander Privitera takes a look at the underlying priorities for Germany and its chancellor, Angela Merkel. Many Germans might think that a partial breakup of the monetary union may be needed, but Merkel is not one of them. The essay is adapted from a speech that Mr. Privitera gave at the World Affairs Council of Houston, TX on Aug. 22nd.
Deutsche Bank Layoffs Amid Economic Uncertainty
On July 31, Deutsche Bank announced that it would cut 1,500 jobs from its investment banking branch. In the weeks leading up to the announcement, the bank found itself confronting …
6 Grundsätze für Stabilität
This analysis was originally published by Initiative Neue Soziale Marktwirtschaft. The original text is in German, but an executive summary in English can be found below. Ein Rahmen für die …
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Support Our WorkShock Waves from Europe
This recent analysis by Kris Bledowski takes a look at the potential negative effects on the economies of Europe and the United States should a major meltdown – either economic or …
Has Germany Been Successful Running a High-Wage Manufacturing Sector?
Throughout Germany’s handling of the euro zone crisis, much has been made of its strong economy – particularly in the manufacturing sector – as an example for the less economically stable countries to follow. However, as Dr. Stephen Silvia points out, Germany’s success in high-wage manufacturing jobs may not be all it is cracked up to be.
Europe’s Unclear Horizons
Geithner’s visit to the German island of Sylt this week to discuss plans for navigating the euro crisis clearly signals Washington’s growing discomfort with Europe’s economic situation. As AICGS President Jack Janes points out, leaders on both sides of the Atlantic are feeling the pressure to find clearer horizons amidst the turbulent economic forces battering their economies.
Draghi’s Master Plan
The President of the European Central Bank Mario Draghi disappointed financial markets on Thursday when he announced that the ECB will wait to restart its bond buying program. However, a closer look at what Draghi said during his press conference should encourage both investors anxious for quick action and skeptics in Germany alike. Draghi has a plan, but he is still resisting the temptation to let politicians off the hook.
Historical Dimensions of the Euro Crisis
Jonathan Zatlin, winner of last year’s DAAD Prize for Distinguished Scholarship in German Studies in the field of Economics at AGI’s annual Global Leadership Award Dinner, recently co-wrote an article …
