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Curated by Project Syndicate

Germany versus the Euro?

43 commentaries

More than five years after the global financial crisis, the eurozone's southern countries remain economically and politically weak and its core economies are performing sluggishly. And now the German Constitutional Court has ruled against the European Central Bank's guarantee to buy distressed members' sovereign debt. Can – and should – the euro survive another brush with death?

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  1. A Surplus of Controversy
    tb3567c.jpg Tim Brinton

    A Surplus of Controversy

    Apr 8, 2014 Kenneth Rogoff calls for more facts and less populism in the debate about Germany's large trade surpluses.

  2. Poking the Eurozone Bear
    m5182c.jpg Barrie Maguire

    Poking the Eurozone Bear

    Feb 21, 2014 Brigitte Granville says that the European Parliament election in May could turn out to be the euro's gravest test yet.

  3. The ECB’s Bridge Too Far

    The ECB’s Bridge Too Far

    Feb 11, 2014 Ashoka Mody argues that the ECB's "outright monetary transactions" program is fundamentally flawed.

  4. Germany’s Pyrrhic Victory

    Germany’s Pyrrhic Victory

    Feb 10, 2014 Marcel Fratzscher worries that the German Constitutional Court has eliminated the eurozone's only credible financial backstop.

  5. Outright Monetary Infractions

    Outright Monetary Infractions

    Feb 9, 2014 Hans-Werner Sinn applauds the German Constitutional Court's ruling on the ECB's bond-purchase scheme.

  6. Europe’s Ungainly Banking Revolution

    Europe’s Ungainly Banking Revolution

    Feb 7, 2014 Daniel Gros examines the inelegant but fundamental innovation that is the Single Resolution Mechanism.

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    Ukraine Is Far From Doomed

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    When comparing Ukraine’s situation in 2024 to Europe’s in 1941, Russia’s defeat seems entirely possible. But it will require the West, and the US in particular, to put aside domestic political squabbles and muster the political will to provide Ukraine with consistent and robust military and financial assistance.

     compare Russia's full-scale invasion to World War II and see reason to hope – as long as aid keeps flowing.
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    The Pandemic Financing Developing Countries Need

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    The Geopolitics of Africa’s Debt Crisis

    Anne O. Krueger urges developed countries to back efforts by the IMF and the World Bank to promote growth-enhancing reforms.
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    Why the EU’s New Migration Pact Matters

    Ana Palacio applauds the pragmatic coalition-building, especially by Italy’s Giorgia Meloni, that enabled the deal.
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    AI Needs UN Oversight

    Peter G. Kirchschläger calls for the creation of a watchdog – similar to the IAEA – that employs a human rights-based approach.
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    The West Is Hastening Its Own Decline

    Brahma Chellaney argues that the unprecedented US and European sanctions against Russia are backfiring.
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    Canceling Palestine

    Slavoj Žižek

    Current debates about Israeli policy are rife with double standards, leading to absurd decisions like Germany’s recent cancellation of a pro-Palestinian gathering. By quashing legitimate speech and assembly, an Israel-aligned establishment risks inciting precisely the kind of anti-Semitism that it wants to prevent.

     worries that the double standards applied on Israel’s behalf will lead to an anti-Semitic backlash.
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    America’s Childcare Is Unfit for the Postmodern Age

    Bruce Ackerman urges US President Joe Biden to put universal preschool at the center of his re-election campaign.
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    History Already Tells Us the Future of AI

    Daron Acemoglu & Simon Johnson find policy lessons for the 2020s in the work of the early-nineteenth-century economist David Ricardo.

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