The paper argues that the Greek debt crisis, as well as those of other Southern European countries and Ireland, has to be seen in macroeconomic context. The sum of the public sector balance, the (domestic) private sector balance and the current account deficit (or equivalently: the capital...

Europe is committed to revitalising its relations with Latin America and the Caribbean. This is evidenced by the numerous high-level visits from Germany and the EU to Latin American countries since the beginning of the year. In early June, the European Commission presented a "new agenda" for...

The creation of EMU raises the question whether the common monetary policy has the same impact in all member countries. We analyse the convergence of interest rates in four major EMU countries from 1999 to 2007. We suggest to test the convergence of the interest rates with the full term...

Unternehmerisches Handeln ist kaum mehr auf einzelne Nationalstaaten begrenzt, und so bewegt sich die Unternehmensethik heute zwangsläufig in einem interkulturellen Kontext. Da transnationale Unternehmen in verschiedenen Ländern und Kulturkreisen operieren, steht die Unternehmensethik im...