At the end of December 2021, on the occasion of the 20th anniversary of the biggest fiscal debacle in recent history, I wrote an article about Argentina with a colleague in which we resignedly stated that there was no light on the horizon of this country. …
What a lot is once again being written about the coming demise of the US dollar. The German Handelsblatt, for example, publishes an immense smorgasbord of arguments under the title “World currency on call: Why the US dollar is more endangered than ever before”. …
(Published in the “Berliner Zeitung” today in German)
The German government goes on long trips with unusual frequency. The Chancellor was in three countries in Africa last May, the Chancellor visited three important countries in South America a few weeks ago and Finance Minister Lindner was in Africa recently. …
The biggest threat Germany and Europe have identified overseas goes by the name of IRA (Inflation Reduction Act) and is the pride and joy of the Biden administration. It is by no means only about reducing inflation, first and foremost it is about reducing the dependence of the US on foreign imports. …
