Pawel Tokarski

Dr. Pawel Tokarski is a senior associate in the EU/Europe research division of the German Institute for International and Security Affairs (SWP).
Social Contacts

What Does the Future Success of the Euro Depend On?

The first euro banknotes and coins came into circulation 20 years ago. Although the exchange rates of almost all participating countries had already been fixed two years earlier, only the introduction of the euro marked Europe’s irreversible economic integration. For after the creation of the single monetary policy and the introduction of hundreds of tons of euro cash, a return to national... Continue Reading

Fair Observer

The Italian Job: Can Mario Draghi Master It?

A political crisis was the last thing Italy needed during the COVID-19 pandemic. Yet a personal conflict between the leader of Italia Viva, Matteo Renzi, and the previous prime minister, Giuseppe Conte, led to the collapse of the coalition in mid-January. President Sergio Mattarella then commissioned 73-year-old Mario Draghi, the former head of the European Central Bank (ECB), to form a... Continue Reading

Fair Observer

The Challenges Facing the Eurozone

The current public health crisis has become a major challenge for European economies. It particularly affects countries in the southern part of the eurozone, as they are still suffering from the effects of the euro debt crisis of 2009-12. In the absence of a convincing fiscal policy response from the European Union or the eurozone, the European Central Bank (ECB) has once again stepped in to... Continue Reading

Fair Observer
Fair Observer, 461 Harbor Blvd, Belmont, CA 94002, USA