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. …
A loyal Makroskop reader recently sent me Hans-Werner Sinn’s TARGET article linked here (here a short version in the daily Frankfurter Allgemeine Zeitung (FAZ), in German) and asked a simple question: “Why is this man writing this? (Professor Sinn used to run the Ifo Institute for Economic Research in Munich). …
The market economy, fair wages, and poverty in rich Germany
By Heiner Flassbeck
Food banks are currently a popular topic in Germany. Hardly anyone asks, however, why there are so many people in a rich nation like Germany who depend on them. …
Heiner Flassbeck gave an interview to the Real News network yesterday. What is Trump up to now again? Understandably, many Americans (and others) are anxious about Trump raising tariffs on steel and aluminium. Flassbeck first relatives the impact of Trump’s measure and he goes on to propose a framework to make ’free’ trade work for everyone involved. …
