Germany has elevated security to the top of its political agenda. And it has finally dumped the weak, amoral, and irresponsible foreign policy of the Merkel years. [...]
Would we really like to end up with an arrangement that puts a massive wedge between people’s gross and net incomes? A system, by the way, that also harms employment outcomes, especially for the most vulnerable? [...]
The best thing about the German coalition document is that it shows the three parties are able to work together. Though not magical, it is a good start. [...]
With Jens Weidmann’s imminent departure, the ECB will lose its most hawkish governor. The move will also symbolise the ECB’s transition into a less stability-oriented institution – right when high inflation expectations in Europe are taking hold. [...]
Germany has voted. The result is not an earthquake, but a landslide. A change of power is looming after 16 years of Christian Democrat-led federal governments. [...]