Germany is now grappling with a host of difficult questions about its place in the world, the nature of its politics, and its most cherished values. For a pacifist society in a new age of conflict and war, everything must change if things are to remain the same.
traces the contours of the country's debate, triggered by the Ukraine war, about its strategic future.
Though the US Federal Reserve’s first interest-rate hike of 2023 is smaller than those that preceded it, policymakers have signaled that more increases are on the way, despite slowing price growth. But there is good reason to doubt the utility – and fear the consequences – of continued rate hikes, on both sides of the Atlantic.