A European Redemption Pact

eurozone

The EZ crisis has taken a turn for the worse. This column, the joint work of the five members of the ‘German Council of Economic Experts’, proposes a novel solution to the crisis – the European Redemption Pact and an associated European Redemption Fund. This would – like Eurobonds – create a joint debt vehicle, [...]

After Bin Laden: Nothing to Fear

annen

After the killing of Osama Bin Laden, U.S. comedian Steven Colbert admitted to his audience that he was scared of not being scared anymore. The almost 10 year long war against terror has indeed transformed America. The U.S. has dedicated significant financial and human resources towards the ‘war against terror’ and although it is true [...]