Now that the CSU and CDU have come up with a formula to limit the number of eligible refugees, Jamaica negotiations between CDU/CSU, Free Democrats and the Green Party have started in earnest. This is bad news for those who want to make progress in completing the institutional architecture of the eurozone and make the […]
How Bad Can It Get? Prepare For Economic Nationalism
2016 was already quite miserable in so many respects; 2017 promises to get even worse. Looking at the chamber of horrors President-elect Trump is putting together and assuming that he will indeed prove at any price that he is the maverick President he promised to be during the campaign, then Washington D.C. will turn into […]
Why Brussels Needs To Read Karl Polanyi
The project of European integration is going to run into walls. In political terms, it has become evident that its active as well as its passive support is decreasing. To some degree this loss in faith is tied to the social implications of years of austerity policies that were imposed to many nation-states in the […]
How A German Sovereign Wealth Fund Could Help To Rebalance The Eurozone
Germany is on the dock, big time. In its 2013 ‘Alert Mechanism Report’ the European Commission announced that Germany jointly with Luxembourg would have to undergo a thorough review of its potentially disturbing high current account surplus. The procedure is a legal necessity given that over the last three years Germany’s surplus has been above […]
