There is no return to pre-crisis normality. The new lessons must be learned quickly, otherwise an economic catastrophe is imminent. The course must now be set correctly, especially with regard to debts and wages. Heiner […]
Germany’s new coronavirus stimulus package is wide of the mark, taking little account of the impact on investment, unemployment and loss of export income. Heiner Flassbeck is an economist, as well as publisher and editor […]
Professor Heiner Flassbeck shows it defies macroeconomic logic to promote surpluses for Germany, prohibit government deficits everywhere else and forbid the central bank from acting as the central bank of each and every EURO member
An international fire brigade – one way of looking at the European Central Bank – should brook no interference at the national level when it turns on its fire hose. Its ultimate arbiter is the […]
Germany’s Federal Constitutional Court can’t be blamed too heavily for flouting higher European law. The mindset of the country’s entire political elite needs further education on the function of sovereign indebtedness. Heiner Flassbeck is an […]
With a scandalous ruling, the German Constitutional Court not only calls into question the legal system of the EU, but also proves that it is totally incapable of understanding a multilateral economic order. Heiner Flassbeck […]
President Macron gave other European politicians a lesson in crisis management, especially to the Germans. Anyone who does not now understand that Europe and the euro are a matter of life and death will never […]
Let’s explode the myth that a surplus economy is good and a deficit economy is bad. The euro zone will work only if deficit (South) countries can borrow to keep the surplus (North) countries trading. […]
Developing countries face a double whammy, the health impact of the virus and their inability to pump out central bank money. Industrialised countries must come to the rescue, for the benefit of all Heiner Flassbeck […]
How deep will the crisis get? A lot depends on how countries will keep the economic machinery ticking over and combat those knee-jerk reactions to limit deficits, especially in Germany Heiner Flassbeck is an economist, […]
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