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Tag Archives: Germany

Review of Why We Fight in Das Milieu

It's hard to come to peace with the idea that your society won't overcome its struggles in your lifetime. But collective delusion won't speed anyone along the path to peace. (S. 293 aus dem u. a. besprochenen Buch) Christopher Blattman, Professor für Konfliktstudien an der Universität Chicago hat sich mit dem Thema seines neuen Buches ein ehrgeiziges Ziel gesetzt. Denn die Kriegsursachenforschung, allgemein und auf Details bezogen, hat seit ihrem Beginn mit Quincy Wright und Lewis Richardson...

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Europe’s debtors must pawn their gold for Eurobond Redemption

And their central banks can buy unlimited amounts to support the price. Not that they would do that… Europe’s debtors must pawn their gold for Eurobond Redemption By Ambrose Evans-Pritchard May 29 (Telegraph) — The German scheme — known as the European Redemption Pact — offers a form of “Eurobonds Lite” that can be squared with the German constitution and breaks the political logjam. It is a highly creative way out of the debt crisis, but is not a soft option for Italy,...

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The German romance with Russia was wider than Gerhard Schröder

This New York Times article on Gerhard Schröder’s entanglements with Russia and Putin is justifiably gaining attention. It’s a good piece. I still remember Tyler Cowen’s post on this from 5 years ago, which shocked me as something deeply important in foreign affairs of which (to that point) I was wholly unaware.Here is Tyler’s original post in full, titled A bit of context on Trump, NATO, and Germany:I strongly favor NATO and I don’t think you can trust the Russians with just about anything,...

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Why Is Germany Increasing Defence Spending ?

Recently we have learned that the Russian military is vastly less capable than anyone imagined. Also in three whole weeks Ukrainians have markedly reduced the capabilities of the Russian military. Therefore, naturally many governments (including the German government) have decided they must spend more on their militaries to face the Russian threat. This makes no sense. To deal with Russian Germany needs liquified natural gas terminals and...

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Maastricht: nessun prosecco

 Da Brave New Europe, 1 febbraio 2022Sergio Cesaratto – The anniversary of Maastricht: little to celebrate The Maastricht Treaty was signed on 9 February 1992. Thirty years later it is responsible for much suffering, inequality, and poverty within the fragile eurozone. Sergio Cesaratto teaches European monetary and fiscal policies at the University of Siena. He is author of Heterodox Challenges in Economics – Theoretical Issues and the Crisis of...

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Those Italian subsidies for Germany

Sergio Cesaratto – Those Italian subsidies for Germany December 8, 2021 Economics, EU politics, EU-Institutions, Finance, Inequality, National Politics, Regulation Italy has paid for certain ill-advised policies of the ECB – influenced by Berlin, the dominant power in Europe – with dozens of points of additional debt/GDP and finding itself ever poorer, while Germany symmetrically gained. Sergio Cesaratto teaches European monetary and fiscal...

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Merkel, Scholz, the German Social Democrats and the Meaning of the Left

Angela Merkel is stepping down, and as often happens in these circumstances (or when someone of historical importance passes; see here for my review of Thatcher and Volcker obits) there is a flood of analysis of their contributions. Merkel is no exception, and most 'serious' outlets have suggested that she was a great stateswoman, and that she managed to save the euro (an honor she often shares with Mario Draghi), the European Union and provided leadership in the midst of the vacuum caused...

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Affordable electricity Decarbonization in OECD countries? Part I

After eight extensive posts about the Ontario electricity sector, I am expanding my geographic coverage to look at the electricity sectors in selected OECD countries. My focus will be on the historical and relative performance of each country’s sector with respect to decarbonization and prices. As in the case of Ontario, whole volumes could and have been written about each of these countries, and the electricity sector in general, including with respect to current and future reliability...

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Karlsruhe in English

 New Brave Europe ha pubblicato una traduzione dell'intervista al Sussidiario.Sergio Cesaratto – Eurobond: Italy’s move to avoid austerity and debt restructuring Without Eurobonds, Italy risks a debt restructuring accompanied by austerity. The currently planned Recovery Fund is not enough to solve the EU’s problems Sergio Cesaratto is Professor of Growth and Development Economics and of Monetary and Fiscal Policies in the European Monetary Union,...

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