Hoping for the continuation of the grand coalition was the best the SPD could hope for before yesterday’s Bundestagswahl. In the end the result was even worse than that: 23.1% and a historic low vote for the social democrats. Guido Westerwelle’s beaming grim was everywhere, the FDP the big winners on the night. Looking behind [...]
Experts, soothsayers and pundits have been falling over themselves to list the factors that combined to produce the worst economic downturn since the Great Depression. (My ha’penny’s worth is here). A partial consensus has emerged on some issues (excessive deregulation of the financial sector, current account imbalances) while debate continues to rage on others (such [...]
Germany will vote for a new federal government on Sunday and the polls predict a tight race between the red-red-green and conservative-liberal camps. Given the party’s announcements about potential coalitions, however, there are only two possible governments: a conservative-liberal (preferred by Angela Merkel) or another grand coalition. Yet one of the important questions is how [...]
The year 2009 will be crucial for the future of our climate and our environment. In 1992, the Earth Summit and in 1997, the adoption of the Kyoto protocol already laid the basis for this next milestone year. For the Copenhagen Summit from 7th to 18th December 2009, the world’s countries have dedicated themselves to [...]
The German social democrats announced yesterday that they are backing a global Tobin tax: “According to a report in the Sueddeutsche Zeitung newspaper, the SPD is proposing a modest tax rate of 0.05 percent on financial transactions based on the principle that the parties responsible for the global economic quagmire are also liable for the [...]
It’s time to take our seats on the thrilling rollercoaster ride that is European Union politics. The next three months will be one long white knuckle ride with political careers being made, broken and in some cases smashed to smithereens. By Christmas the EU could be forging ahead with new dynamism and confidence or it [...]
I thought you might be interested in what I had to say on Al Jazeera International about the current G20 Finance Ministers Meeting taking place in London.