To Rule the Euro Zone
As euro zone governments quietly work on a proposal to relieve Greek bond debt, a much louder debate over the future of the euro zone has come about across Europe. The following several articles focus on the debate and show the range of opinions regarding the future of the euro zone.
Germany has become the object of Europe’s resentment, writes Stefan Theil, Newsweek correspondent and a regular contributor to the Advisor, mostly because the weak euro has meant a strong German. But at the same time, Theil argues, Germans are starting to feel some disillusionment with supporting some fellow euro zone members, a growing attitude that will eventually force action – action that Germany will likely lead. This essay originally appeared in the January 23, 2011, edition of Newsweek.
Ordnungsmacht Deutschland
Jochen Bittner, a regular contributor to the Advisor, argues that behind all of the euro zone debate lies a simple but unpleasant truth: The monetary union came too soon. Certainly it is difficult to shift strategies in the middle of a crisis, but Bittner contends that nothing less than a ‘reset’ will help the euro zone out of this mess, something the German government is eager to tackle, even if it won’t admit so publicly. This essay originally appeared in the January 18, 2011, edition of Die Zeit and is available in German only.
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.
The Financial Outlook in 2011
In an essay written for Roland Berger Strategy Consultants, AICGS Trustee Dr. Josef Joffe examines the global financial outlook for 2011 and writes that despite some negative indicators, global prospects in 2011 look brighter than previous years, leading to cautious optimism for the coming year.
Recovering From an Economic Hangover: Lessons and Prescriptions for Transatlantic Cooperation
Issue Brief 38 Two years after the financial and economic crisis began in the United States and shortly thereafter spread to Europe and Germany, the subsequent economic downturn continues to …
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Support Our WorkIntellectual Property Rights and Green Technology Transfer: German and U.S. Perspectives
Policy Report 45 While environmental concerns have recently taken a backseat to the economic and financial crisis, scientific projections on climate change continue to call for action. Yet, international cooperation …
Promoting Energy Innovation and Investment Through Transatlantic Transfer of Community Energy Policies
Policy Report 43 In Policy Report #43, “Promoting Energy Innovation and Investment Through Transatlantic Transfer of Community Energy Policies,” Dale Medearis, Peter Garforth, and Stefan Blüm look to the European …
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Issue Brief 35 The fight against terrorism has been on the forefront of the U.S. and German agendas and shapes the relationship between both countries. While cooperation has been strong, …
The Awakening of the East: Economic Development in the Eastern Federal States
In this Transatlantic Perspectives essay, Dr. Klaus Deutsch and Sascha Brok use the twentieth anniversary of the fall of the Berlin Wall as an opportunity to look at the development of the eastern states, and write that despite a rosy outlook, much work remains to improve economic conditions, especially when it comes to unemployment and overall quality of life.
What Happened to the Blooming Landscapes?
In this Transatlantic Perspectives essay, AICGS Senior Non-Resident Fellow Dr. Jennifer Hunt, Professor of Economics at McGill University, examines why sustained economic growth in eastern Germany has proved elusive despite transfers of €1 trillion from western Germany. Dr. Hunt writes that the puzzle of this discrepancy is whether the stalled convergence with western Germany is related to initial policy mistakes, to shortcomings in current policies, or to emigration.
‘They Can and Must Increase’: An Analysis of U.S.-Russian Economic Relations in International Comparison
Issue Brief 31 In Issue Brief 31, “‘They Can and Must Increase’: An Analysis of U.S.-Russian Economic Relations in International Comparison,” Deutsche Bank/AGI Fellow Dr. Thorsten Nestmann analyzes the low …
