Inflation continues to be on everyone’s lips. At 7.4 per cent, a rate was reached in April this year that is almost unique in the history of the Federal Republic of Germany. Only in the early summer of 1973, around the turn of the year 1973/1974 and in October 1981 was the rate of increase in the consumer price index higher than at present. …
In December last year, Patrick Kaczmarczyk and I pointed out that even 20 years after the great currency drama in Argentina, neither the country nor the international community have found a way to bring the Argentine economy back to a normal path. …
After last Sunday’s election in France, Europe quickly went back to business as usual. After all, it went well once again. Emanuele Macron is likely to be re-elected as president and Europe can rely on the country’s political leadership for another five years. …
Catastrophic events can carry the seeds of fundamental improvement. Thinking beyond the day, it is clear that a future peace can only be permanently secured with new concepts. Perhaps the West, and Europe in particular, will now finally learn that this requires much more than open markets. …
