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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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    Globalization vs. Democracy

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    The West’s New Infrastructure Imperative

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    An Iran-Israel War?

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    What a Climate-Aligned IMF Would Look Like

    Mohamed Nasheed & Rakesh Mohan explain how the managing director can fully position the institution to help the most vulnerable countries.
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    The Key to Transforming African Health

    Jayati Ghosh highlights efforts to foster scientific innovation and drug manufacturing on the continent.
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    China’s Rebalancing Imperative

    Stephen S. Roach

    The most successful development stories almost always involve major shifts in the sources of economic growth, which in turn allow economies to reinvent themselves out of necessity or by design. In China, the interplay of mounting external pressures, lagging household consumption, and falling productivity will increasingly shape China’s policy choices in the years ahead.

     explains why the Chinese authorities should switch to a consumption- and productivity-led growth model.
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    From Welfare State to Safe State in Latin America

    Jorge G. Castañeda & Carlos Ominami

    Designing a progressive anti-violence strategy that delivers the safety for which a huge share of Latin Americans crave is perhaps the most difficult challenge facing many of the region’s governments. But it is also the most important.

     urge the region’s progressives to start treating security as an essential component of social protection.
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    The Urgency of Sovereign-Debt Restructuring

    José Antonio Ocampo highlights the need for a comprehensive mechanism to deliver relief to low- and middle-income countries.

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