Business Spectator

Now for the next euro crisis

Now that the Greek banks have re-opened, the third bailout package is on the way and something vaguely resembling normalcy is returning to Greece, we can finally deal with other things again: the euro crisis, for example. […]

Business Spectator

Merkel must face her Waterloo moment

If Merkel once again followed opinion polls, she might feel tempted to let Greece fail. It could even give her polling results another boost, even if meant a radical departure from her previous strategy. But it would also be an admission that Merkel’s policy on Greece has failed. […]

Business Spectator

The eurozone must stop playing the blame game

Now that Greece is finally and officially bankrupt, perhaps we might eventually see something resembling a solution to the crisis. How about Greece exiting the eurozone, devaluing its new currency, default on its debt and reform its economy? […]

Business Spectator

It’s Groundhog Day for Greece

The Greek situation will only change for the better once the country is allowed to do what it should have done five years ago: default on its debt, leave the eurozone and regain competitiveness by devaluing its new currency. […]

Business Spectator

Germany’s Greek stance keeps everyone guessing

There is only one thing that unites all German politicians: They do not want to take the blame for whatever happens next. If Greece drops out of the eurozone, that will be fine — as long as it is clear that it was all Greece’s fault and had nothing to do with Germany. […]

Business Spectator

Public broadcasting is poor economics

In a world of hundreds of TV channels, internet streaming services and encrypted broadcasting, why do we still have giant public broadcasters? This is the question that German economists Justus Haucap, Christiane Kehder and Ina Loebert ask in a new paper for the Berlin-based think tank Prometheus Institute. […]

Business Spectator

After the crisis is before the crisis

Crunch time or not, the Greek crisis will remain with us for much longer. There is no way it will be resolved once and for all this week. It has been promised to us too often over the past five years. […]

Business Spectator

Why the EU is hung up on mobile roaming

The idea of abolishing all roaming rates across the EU may have populist appeal, and it is easy to see why EU politicians are pushing the idea. However, it is equally clear why such a policy does not make much sense. […]