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Alexander Scheffel
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What's happening in Germany?
Yesterday, Angela Merkel tried to defend the German trade surplus by saying this (bloomberg): I think it would be absurd if we were to try make German
companies reduce production or cut back on quality. Well, yes, that would absolutely be absurd, therefore ...

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Immigration Up 11 Percent In The First Half Of 2013
As expected, immigration into Germany was up significantly in the first six months of 2013, according to destatis . I have written about this new issue and had this to say : Germany has changed its tactics. Beggar thy neighbor to solve domestic
economic is...

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Krugman, Weidmann And Why It Is Actually Worse
Krugman isn't happy that Weidmann is against further ECB measures without offering any justification. But it is actually worse than Krugman thinks. He wrote: First, take the aggregate view. The euro area as a whole has record high
unemployment and record l...

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... And Justice For All
On Monday the German Bundestag discussed the NSA revelations in a special session. It was the first opportunity for the upcoming "Grand Coalition" of CDUCSU and SPD to show of how "grand" they will be. As expected, the session yielded little to nothing. Wel...

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European Car Registrations In October
The automotive industry in Europe is rebounding. According to ACEA , the  registrations of new cars in the EU were 4.7 percent higher in October 2013 than a year earlier, reducing the gap to last years' sales over the first 10 months to "only" 3.1 percent (...

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Lowest Common Denominator
Germany still does not have a new government. The talks between Merkel's CDU/CSU Union and the social democrat SPD are stalling. In fact, the only real agreement seems to be on a a quota for women on corporate boards. But, the discussions about a minimum wa...

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The Economist Hans-Werner Sinn
Krugman in last Friday's op-ed wrote about the euro crisis and the German reaction to the ECB rate cut. He mentioned the reaction of economists to the decision. One of them was Hans-Werner Sinn: The influential German economist Hans-Werner Sinn declared tha...

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