Economics
Heiner Flassbeck – Romania, a new crisis, an old realisation: Eastern Europe is caught in the appreciation trap
Labour costs are rising too sharply in Eastern Europe Read Article HERE
Heiner Flassbeck
Economics
Heiner Flassbeck: What is an international imbalance?
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 […]
EU politics
Heiner Flassbeck: Hungary after 16 years of Orbán: Still no escape from the currency appreciation trap
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 […]
Economics
Heiner Flassbeck: Is Germany losing competitiveness in the EMU?
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 […]
Economics
Heiner Flassbeck: Mercosur, Ludwig Erhard and German mercantilism
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 […]
Economics
Heiner Flassbeck: Germany and Europe: Headless in the mid-20s
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 […]
Economics
Heiner Flassbeck – ‘German labour costs are too high’: Friedrich Merz’s economic declaration of war on Europe – and on himself
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’ […]
Economics
Heiner Flassbeck: China is big, Germany is small
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 […]
Economics
Heiner Flassbeck: China, the big threat?
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 […]
Economics
Heiner Flassbeck, Patrick Kaczmarczyk – Argentina: Devaluation and American interference, but no progress otherwise
No sooner had Javier Milei won the congressional elections with the help of unprecedented American interference in the election campaign than the libertarians regained the upper hand and once again celebrated the Argentine president’s economic […]