I presented a detailed analysis of Turkey’s economic problems some time ago (here in German). The situation is now deteriorating dramatically because the Turkish lira continues to be under enormous pressure and has lost more than a third of its value against Western currencies since the beginning of the year. …
As part of our TARGET discussion, I had already asked what drives the alarmist economists, who only warn but never name the reasons for the problems they have “uncovered”? Now the leader of this species, Hans-Werner Sinn, is back and takes the twentieth anniversary of the euro as an opportunity to state completely pointlessly that the euro has not been a success story. …
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In a guest article for the Frankfurter Allgemeine Zeitung, fourteen German and French economists commented on proposed measures towards a deepening of European Monetary Union – which had been decided on a few weeks earlier in Meseberg at the Franco-German summit. …
