Wednesday, September 26. 2012
Posted by Joerg Wolf in
European Issues on Wednesday, September 26. 2012
The EU not only finds itself in a fiscal crisis, it is also faced with a crisis of confidence. We need a broadly based public debate on alternative proposals for the future of Europe. With this in mind, the Heinrich Böll Foundation's international conference "Europe's Common Future" explored different perspectives and policy proposals.
The Greek, French, Polish and German speakers on the panel "Germany's role in the crisis" strongly reinforced five opinions of mine:
1. Poland likes Germany much more than ever before. They count on us.
2. The French inferiority complex in EU matters is getting worse.
Continue reading "Five Theses on the State of EU Politics"
Sunday, March 4. 2012
Posted by Joerg Wolf in
European Issues, German Politics, Transatlantic Relations on Sunday, March 4. 2012
Although Germany approves one aid package after the other for Greece, "hardly a day goes by without Chancellor Angela Merkel being depicted in a Nazi uniform somewhere. Swastikas are a common sight as well," writes Jan Fleischhauer in both the German and English Edition of Der Spiegel.
He does not blame the imposed austerity measures for our lack of popularity, but rather Germany's success, self-confidence and strength. He concludes that Germans have become "the Americans of Europe":
Continue reading ""We have become the Americans of Europe""
Thursday, November 24. 2011
Posted by Joerg Wolf in
European Issues, International Economics, Transatlantic Relations on Thursday, November 24. 2011
The Eurocrisis is severe, but no reason to wet your pants -- or to mention the war, is it? As did The Times editor-at-large Anatole Kaletsky, in an op-ed for his paper by the headline: "Germany has declared war on the eurozone"
If Clausewitz is right that "war is the continuation of policy by other means", then Germany is again at war with Europe -- in the sense that German policy is trying to achieve the characteristic objectives of war: the redrawing of international boundaries and the subjugation of foreign peoples.
Holy guacamole! The Australian has republished his op-ed with free access to everyone visiting via Google. So search for the headline "Europe is at economic war, and Germany is winning". (HT Christian)
Continue reading "The Only Thing We Have to Fear Is Fear Itself"
Thursday, November 10. 2011
Posted by Joerg Wolf in
International Economics, Transatlantic Relations, US Domestic and Cultural Issues on Thursday, November 10. 2011
Dan Drezner:
While Rick Perry's major league gaffe will command all the headlines, I thought the most reealing answers were given to the first question of the night -- what to do about Italy? Here are the responses of the co-frontrunners:
HERMAN CAIN: "There's not a lot that the United States can directly do for Italy right now, because they have -- they're really way beyond the point of return that we -- we as the United States can save them."
MITT ROMNEY: "Well, Europe is able to take care of their own problems. We don't want to step in and try and bail out their banks and bail out their governments. They have the capacity to deal with that themselves."
Continue reading "Drezner: GOP Abandons Italy"
Tuesday, September 27. 2011
Posted by Joerg Wolf in
German Politics, International Economics, Transatlantic Relations on Tuesday, September 27. 2011
The NY Times published the craziest op-ed on Germany's policy on Greece that I have seen in a broadsheet. Ever.
After tons of articles about Germany being too slow, too hesitant, too selfish to sufficiently help Greece, the NYT now opened its op-ed pages for the American economist Todd Buchholz to write about "Germany's Love for Greece":
Germany's real motivation to help Greece is not cash; it's culture. Germans struggle with a national envy. For over 200 years, they have been searching for a missing part of their soul: passion. They find it in the south and covet the loosey-goosey, sun-filled days of their free-wheeling Mediterranean neighbors.
In the early 1800s, Goethe reported that his travels to Italy charged him up with new creative energy. Later, Heinrich Heine made the pilgrimage, writing to his uncle: "Here, nature is beautiful and man lovable. In the high mountain air that you breathe in here, you forget instantly your troubles and the soul expands."
Continue reading "Craziest Commentary on Germany and Greece"
Thursday, August 18. 2011
Posted by Joerg Wolf in
European Issues on Thursday, August 18. 2011
"The Slow Death of Europe" is the headline of Walter Laqueur's commentary in The National Interest:
Some five years ago in a book entitled The Last Days of Europe I dealt with Europe's decline-and was criticized for my pessimism. And yet I now feel uneasy facing the apocalyptic utterances of yesterday's Euro-enthusiasts. For even if Europe's decline is irreversible, there is no reason that it should become a collapse. At a time of deep, multiple crises in Europe it is too easy to ridicule the delusions of yesteryear.
Continue reading "The reports of Europe's death are greatly exaggerated"
Posted by Joerg Wolf in
International Economics, Transatlantic Relations on Thursday, August 18. 2011
Is this going to be a new running theme? Vanity Fair runs a long essay under the headline "It's the Economy, Dummkopf!"
With Greece and Ireland in economic shreds, while Portugal, Spain, and perhaps even Italy head south, only one nation can save Europe from financial Armageddon: a highly reluctant Germany. The ironies-like the fact that bankers from Düsseldorf were the ultimate patsies in Wall Street's con game-pile up quickly as Michael Lewis investigates German attitudes toward money, excrement, and the country's Nazi past, all of which help explain its peculiar new status.
Continue reading "German Dummkoepfe"
Monday, April 25. 2011
Posted by Joerg Wolf in
International Economics, Transatlantic Relations on Monday, April 25. 2011
"Standard & Poor's warning the United States could lose its AAA rating may ultimately bring investment to Germany, reduce interest rates on its bonds and help the country lower its own debt," writes Deutsche Welle:
"Standard & Poor's reassessed US sovereign debt and decided to put it on negative watch for the first time, meaning there is one-in-three chance the ratings agency will downgrade the country's hitherto cast-iron AAA credit rating in the next two years. "Germany wins in this equation because it gets a dividend through stability," said Clemens Fuest, a member of the German finance ministry's technical advisory committee. "Interest rates will be pressed down as a result." Germany maintains a secure AAA rating, pays less for a 10-year bond than the United States, and has a constitutionally-mandated 'debt brake.' In Europe, German bonds, known as bunds, have long been the benchmark for investors. (...)
Continue reading "Germany to Benefit from Lower US Credit Rating"
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