Economic Policy

The global economy has still not overcome effects of the financial and economic crises in 2008 and 2009. Despite improvements in the American and European financial markets in 2010, the fiscal crisis in Greece and the rising U.S. deficit have caused a decline of trust in the capital markets and have overshadowed any growth in the real economy. Overcoming the recession and returning to a sustainable growth pattern is of paramount importance for the wealth and security of all nations and has an impact on almost all other policy areas. A cornerstone of the important transatlantic business partnership, German and American economic policies go beyond domestic issues and influence global markets, businesses, and governments.

The Agenda

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Alexander Privitera

AICGS Senior Fellow Alexander Privitera looks at the IMF/World Bank spring meetings, which will continue to keep the spotlight on Europe. Despite some recent improvements, the message for Europeans is unchanged: more homework needs to be done and the time to complete it dwindling.

Contingency Planning in Europe

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Krzysztof Bledkowski, Senior Economist and Council Director at the Manufacturers Alliance for Productivity and Innovation and frequent AICGS participant, takes a look at the possible contingency planning that companies operating in Europe could take as the euro zone crisis continues to take hold throughout the continent. Please click here to view Scenario… Read more >

Facing New Realities: Europe’s Future Role in the IMF

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maeser

Paul Maeser, an APSA Congressional Fellow for the German Marshall Fund of the United States, examines the changing role of European nations within the International Monetary Fund (IMF) as a result of the debt crisis surrounding the euro.

Germany’s Softening Stance

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Alexander Privitera

Despite a week dominated by negative headlines about the Chinese economy and rising gas prices, interest rates for sovereign bonds from Spain and Italy remain quite low. Is the worst of the crisis really over or are investors just lulled by the massive intervention from the ECB?

The Exit Strategy

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At the recent AICGS conference “Rising Tensions between the European Central Bank and the Bundesbank,” AICGS Senior Fellow Alexander Privitera and David Marsh, Co-Chairman of the Official Monetary and Financial Institutions Forum (OMFIF), discussed the role of the European Central Bank in the current phase of the financial crisis in Europe. In… Read more >

The Half Full Glass

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Alexander Privitera

Senior Fellow Alexander Privitera argues that the skeptics might underestimate that in this crisis, progress is not only measured in pure economic terms, but also by political progress.

Another Delay

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Alexander Privitera

Senior Fellow Alexander Privitera examines yet another delay in the decision to boost the financial firewall in Europe following the latest meeting of European finance ministers.

The Master Tactician

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Alexander Privitera

Facing increasing headwinds within her coalition, Merkel has decided to ask for a constitutional majority of two thirds of lawmakers to endorse the European fiscal pact, arguably her main personal achievement since the beginning of the crisis. It was a bold tactical move that could have far reaching consequences.

The ‘Good’ Week

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Alexander Privitera

In spite of some cautionary words from Chairman of the Federal Reserve Ben Bernanke on the economic recovery, this past week was a relatively good one for the financial markets. However, according to AICGS Senior Fellow Alexander Privitera, the mood could soon be changing.

At Issue Interview Series: Peer Steinbrück

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The AICGS At Issue Interview Series seeks to provide a platform for discussion with experts from the the business, political, and academic communities regarding the current issues facing the transatlantic relationship. In their first interview for the AICGS At Issue Interview Series, executive director Jackson Janes and senior fellow Alexander Privitera talk… Read more >