Germany

Global Spectator, by Andrés Ortega Europe: too many crises for so little leadership

The EU is accumulating crises without managing to resolve them: weak economic growth; the Greek crisis that continues unsolved and now storm clouds gathering over the German banking industry; the prospect of Brexit; not to mention, of course, the refugee crisis. Too many for a Europe lacking leadership. And [...]

Draghi’s morphine has stalled the Eurozone’s reform efforts

More than three years after the EU leaders agreed to establish a banking union for the Eurozone, and Mario Draghi announced that he was ready to do “whatever it takes” to save the euro it is time to take stock of what has been achieved so far in making [...]

Global Spectator, by Andrés Ortega Illiberal demagoguery splits Europe at the seams

Some of the EU’s poorly sewn seams are splitting. The rift between North and South, or between creditors and debtors, is still there and has been fully solved following the agreement with Greece. The possibility of a Brexit, with the UK breaking away, is quite real. But the greatest [...]

Few lights in the darkness: The Future of the Euro by Matthijs and Blyth

This an extraordinary book on the Euro and its future paths. It is an absolute must-read because it brings together some of the top scholars in the field who, as a team led by Matthias Matthijs and Mark Blyth, achieve something unusual in the literature: to analyse the multifaceted [...]

Global Spectator, by Andrés Ortega Bad is better than worst, but Europe has lost out in the endeavour

The Eurozone, and by extension the EU, has avoided a serious trip-up with Greece, although the danger is by no means past on what will be a long and difficult road ahead, at a very high cost to the Greeks and to the European project itself. Nevertheless, the third [...]

Global Spectator, by Andrés Ortega Goodbye to an ever closer EU, or perhaps not?

The Maastricht Treaty (1992) enshrined a formula that was to be repeated in all subsequent basic EU documents: to move towards ‘an ever closer union among the peoples of Europe’. David Cameron wants the principle to be removed the next time the treaties are reformed and, in a reverse [...]

Global Spectator, by Andrés Ortega Ukraine: the peace hiding behind the ceasefire

If consolidating a ceasefire in the eastern Ukraine will be difficult, making peace will be even more so. Nevertheless, although there are elements for a stable peace in what was negotiated at Minsk, it remains to be seen if, not Russia, but the government in Kiev –and the Ukrainian [...]

The Energiewende and Germany’s Industrial Policy

The Energiewende is bringing about fundamental changes to Germany’s energy mix through short, medium and long term targets. Yet despite numerous studies, there is still a lack of clarity about the driving forces behind this energy transition. Reports of these drivers vary considerably, touching upon affordability, import dependency and [...]

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