This paper investigates Germany's vulnerability to the ongoing Euroland crisis. In 2010-11, Germany experienced a strong rebound from the global financial crisis of 2008-09. The Euroland crisis then meant record low interest rates and a depressed euro that boosted German extra-area exports. But...

This paper reviews the performance of the euro area since the euro's launch 20 years ago. It argues that the euro crisis has exposed existential flaws in the euro regime. Intra-area divergences and the corresponding buildup of imbalances had remained unchecked prior to the crisis. As those...

Das Urteil ist vernichtend, das der renommierte Ökonom und langjährige Chefvolkswirt der UN-Organisation für Handel und Entwicklung (UNCTAD) Heiner Flassbeck (zuletzt ID-G 27/14) und sein Kollege und Syriza-Abgeordneter C. Lapavitsas über die Lage der europäischen Wirtschafts- und...

Currently fiscal policies in Germany seem to be in a very comfortable position and the German Debt Brake is regarded as an institutional precondition for this success and has been exported to the Euro area in the guise of the Fiscal Compact. In this paper we scrutinize German fiscal policies and...