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Détente without Illusions

The debate in Germany about policy toward Russia is generating a critical mass of competing perspectives and prescriptions. It may be one of the more important foreign-policy arguments at a …

The Russian Challenge: Beyond the Double Track

Chancellor Angela Merkel’s speech in Brisbane following the G20 meeting made headlines for two main reasons: for publicly confronting Putin in the toughest manner to date, and for signaling the …

Post-Soviet Apprenticeship

After the hustle and bustle of the capital city, our train passed through the countryside. Small family farms with goats abutted a busy railway. Our destination also lay in between …

ECB Turning into a “Bad Bank”? Nonsense

Adequate ECB Policy Reduces Risks For five years, many German academics and the mass media have warned that the unconventional policies of the European Central Bank (ECB) would lead to …

New EU Commission

“Your objective is to make Europe a world leader in information and communication technology, with all the tools to succeed in the global digital economy and society. […] To do …

Central Banks’ Diverging Paths Equals a Weaker Euro

The latest monetary decisions made by the U.S. Federal Reserve (Fed) and the European Central Bank (ECB) are keeping analysts very busy. The two key questions central bank watchers are grappling …

Labor Mobility

How mobile are workers in the euro currency area? Everyone directly or indirectly involved in devising, designing, and implementing the single European currency had to deal with this question in …

Turning Plans Into Action

About a year ago, markets were experiencing serious taper tantrums. At the time, ECB President Mario Draghi proudly defended the fact that unwinding outright asset purchases, and therefore reducing its …

The European Version of Quantitative Easing

Now set to directly purchase asset-backed-securities, ECB President Mario Draghi is leading the Euro Zone in the opposite path of the U.S. Federal Reserve. AICGS Business & Economics Program Director Alexander Privitera analyzes the impact of the announcement for the Euro Zone.

Crossing the New Rubicon?

Mario Draghi, the president of the European Central Bank, knows a thing or two about the importance of timing. As markets anxiously wait for new clues from the central banker …

Trading French Reform for German Investment: A Win-Win for Berlin and the Eurozone

As economic growth in Germany falls short and French prospects begin looking up, now is the time for a new Grand Bargain over debt and reform in the Euro Zone. AICGS Non-Resident Fellow Peter Rashish details the impact of French President Francois Hollande’s recent successes in economic reform, including removing left-wing cabinet members from office.

Späte Reue, Stefan Baron

Writing a book about one’s own boss is a difficult task under any circumstance. The exercise is particularly tricky if the person in question is a highly controversial banker; if …