The Italian Job: Can Mario Draghi Master It?

Feb 19, 2021

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...

The Brexit Deal Presents Opportunities for a New Partnership
Feb 03, 2021

The Brexit Deal Presents Opportunities for a New Partnership

Brexit Trade Deal Brings Temporary, If Not Lasting, Relief
Jan 13, 2021

Brexit Trade Deal Brings Temporary, If Not Lasting, Relief

Can FinTech Hold the EU’s Capital Markets Together?
Nov 30, 2020

Can FinTech Hold the EU’s Capital Markets Together?

The Abraham Accords: A Chance to Rethink the Arab-Israeli Conflict

The Abraham Accords: A Chance to Rethink the Arab-Israeli Conflict

Oct 08, 2020

German facilitation of the first meeting between the Israeli and Emirati foreign ministers on October 6 is a welcome change in the European attitude toward the Abraham Accords, which are viewed very differently in Europe than in the Middle East. In the region, supporters...

Negotiating the End of Brexit

Negotiating the End of Brexit

Aug 25, 2020

It is increasingly likely that, unless things change, on January 1, 2021, we will have a no-deal Brexit. That would mean the only deal between the European Union and the United Kingdom would be the already ratified EU withdrawal agreement of 2019. There are only around 50 working days left in...

The CO2 Border Adjustment for the EU

The CO2 Border Adjustment for the EU

Aug 06, 2020

The heads of state and government of the European Union propose introducing a “carbon border adjustment mechanism” from 2023, to charge imported goods according to the CO2 emitted during their production. At their recent summit, they decided to use the ensuing revenues to boost the EU’s...

Is Europe More United Than the US?

Is Europe More United Than the US?

Aug 04, 2020

During the Trump era, America increasingly seems like a motley collection of states brought together for reasons of territorial contiguity and little else. The conservative South is ravaged by a pandemic. The liberal Northeast waits patiently for elections in November to oust a tyrant. A...

COVID-19 and Populism: A Bad Combination for Europe’s Banks

COVID-19 and Populism: A Bad Combination for Europe’s Banks

Jul 13, 2020

As Germany takes over the EU’s rotating presidency, Chancellor Angela Merkel noted that the bloc is facing a triple challenge: the coronavirus pandemic — in retreat but still requiring constant vigilance — the EU’s steepest-ever economic downturn and political demons waiting in the wings,...

The Wirecard Debacle Calls for a Rethink

The Wirecard Debacle Calls for a Rethink

Jul 01, 2020

Wirecard AG, the Munich-based payments and financial services company that was a member of the DAX index of Germany’s 30 leading blue-chip stocks, collapsed spectacularly and filed for insolvency on June 25. Among many lessons, this disaster has revealed major gaps in audit...

The Challenges Facing the Eurozone

The Challenges Facing the Eurozone

Jun 01, 2020

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...

Europe’s Moment of Truth Is Obviously About Debt

Europe’s Moment of Truth Is Obviously About Debt

May 29, 2020

Since 2016, the year the British voted to leave the European Union and the US elected trade-war baron Donald Trump, Europe has had its share of political and economic storms. The EU’s lack of unity and coherence and its fragility as a geopolitical institution have never been more obvious. The...

Central Europe Tiptoes Into the New World After Coronavirus

Central Europe Tiptoes Into the New World After Coronavirus

May 21, 2020

Classic textbooks teach us that economic shocks typically hit either the demand or the supply sides of the economy. They usually stem from domestic developments, but sometimes they emerge from abroad. COVID-19, the disease caused by the novel coronavirus, has...

Banking Regulation in the Euro Area: Germany Is Different

Banking Regulation in the Euro Area: Germany Is Different

May 13, 2020

Two reports published in early 2020 shed new light on this challenge. The European Central Bank’s (ECB) risk report on less-significant institutions is the first of what is intended to be an annual series. The impact assessment study on the most important differences between...

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