This week will probably prove it once and for all: the Europeans are mad. The Americans, on the other hand, although generally considered mad, are finally leaving the Europeans far behind when it comes to […]
Labour costs are rising too sharply in Eastern Europe Read Article HERE
In the Financial Times, Martin Wolf noted a few days ago that imbalances in international trade are back on the political agenda. Although Wolf reaches entirely reasonable conclusions regarding mercantilism, he nevertheless states that it is nonsense […]
It is quite astonishing: Viktor Orbán’s heyday in Hungary began when, following the end of massive currency speculation (carry trades) that had massively overvalued the Hungarian forint, the forint plummeted and left many homeowners who […]
Anyone who says that Germany has a problem with competitiveness, that labour costs are too high or that we need to tighten our belts is contradicting the facts. Germany is still living below its means […]
Mercosur is on everyone’s lips. Wouldn’t the free trade agreement with several countries in Latin America be a golden opportunity to get one over on the USA? Couldn’t a new source of prosperity be tapped […]
The first quarter of this century has come to an end, and unfortunately we must conclude that humanity has not become any wiser over the past hundred years. The mid-1920s have become a symbol of […]
It was only a matter of time. First, the economic amateurs pounced on the welfare state, now they are attacking the core substance of the economy. As in the 1970s and 1990s, ‘German economic experts’ […]
Anyone dealing with absolute figures must always be careful. Reports are currently coming in from all over the country that China’s trade surplus has reached a record high of 1,000 billion dollars. Many media outlets […]
China and its economic successes are on everyone’s lips. Under the previous government (and under pressure from the US), Germany already designated China a ‘systemic rival,’ whatever that may mean in concrete terms. In any […]
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