Eurozone or EU budget? Confronting a complex political question
This week’s European Commission reflection paper is the latest document to ponder a distinction between EU and euro-area budgets. But do we need to split the two, and what would each budget be used for? In this post, I p...
Read more
Auf die Frauen kommt es an
My op-ed in Süddeutsche Zeitung. Published in English here in various other newspapers. Die G20 hat kürzlich ihre Aufmerksamkeit auf Afrika gerichtet. Die Finanzminister der G20 Länder haben eine „Compact with Afr...
Read more
How export growth achieved adjustment of massive trade deficits in the euro area
The correction of several euro area countries’ external imbalances began almost 10 years ago. A number of euro area countries ran massive current account deficits in 2007/8. With 15.2% of GDP, Greece had the largest defi...
Read more
How the G20 should change its approach to migration and development in Africa
Versions of this article have also been published in Capital, The Daily Telegraph, Dienas Bizness, Nikkei Asian Review, Nikkei Veritas, Süddeutsche Zeitung. The G20 has recently turned its eyes on Africa. Its fina...
Read more
Brexit: Schwierige Trennung von Großbritannien
Mein Beitrag zum ARD Plusminus Wirtschaftsmagazin zu den Kosten des Brexit findet sich hier....
Read more
What could a euro-area finance minister do?
With the election of Emmanuel Macron as president of France, the idea of a euro-area treasury and finance minister is back in the limelight. The election programme of Emmanuel Macron calls for “a budget for the euro area...
Read more