Oliver Marc Hartwich

France's indecent proposal is an affront to policymaking

France's plan to press Germany for more fiscal stimulus isn't just informed by spurious logic -- it's also economic blackmail.

Has Germany's bubble finally burst?

German policymakers have long been complacent about the country's economic health, but it now appears their inaction will come back to haunt them.

Juncker's multi-billion stimulus phantom

Jean-Claude Juncker has yet to assume the role of President of the European Commission but he's already revealing why there was so much resistance to his appointment.

The joys of forming a European government

The convoluted process of appointing new EU commissioners will likely delay the formation of Europe's new political line-up for some time.

An acid test for French-German diplomacy

The reception the French Prime Minister received on a recent visit to Berlin leaves no doubt as to the gulf of misunderstanding and mistrust between the EU's two leading nations.

Why Scotland's vote has Brussels spooked

Whatever the outcome of Scotland's referendum on independence, the political ramifications for the UK and EU will be severe.

The strange death of liberal Germany

1 comment
Germany's numerous challenges require economically liberal solutions, but they won't be found amid the country's fractured political landscape.

The sublime irony of Draghi's dilemma

ECB president Mario Draghi has the power to move European economies, but the policies he advocates also stall the chances of a genuine, sustainable recovery.

There's only one cure for the eurozone's terminal disease

Anaemic growth rates in the eurozone are having a deleterious effect on debt levels, making it near impossible for countries to turn their finances around. There is a solution, but it's a politically messy one.

The calm before the eurozone storm

1 comment
The ECB's implicit guarantee of a bailout may have calmed the euro crisis temporarily, but it has also caused governments to become complacent with their reform agenda.

Schooling the anti-capitalists on inequality

The redistribution of a shrinking wealth pie will not solve the West's inequality woes. Providing education for all while protecting the wealth-creating ability of the free market is a better way to achieve prosperity.

A new legal challenge to the ECB's mandate

As with its intervention to do 'whatever it takes' to save the euro, there are serious doubts about whether the ECB has a legal mandate to deal with the region's banking mess.

The political cost of Germany's uber-competitiveness

The frugal and efficient mentality that has driven Aldi's retail success also drives Germany's attitudes towards economic policy, but it is winning the nation few friends in the eurozone.

Do market fundamentals still matter?

In a perfect world, investment decisions would be made by rational investors on the basis of market fundamentals. But in reality, errors, bias and political interference are major obstacles.

The welfare state is enslaving European workers

The redistributive state in Europe is creating a big wedge between gross and net incomes. It's unpleasant for taxpayers and highlights the enormous challenge facing policymakers in ageing societies.

Setting the stage lights for Europe's second crisis

The success of the eurozone's stopgap measures has merely reduced the pressure to reform. Now political shifts are laying the foundations for another blow-up.

The fallout from Merkel's waning power

1 comment
For the first time, Angela Merkel doesn't have the ability to control developments in Europe. This is bad news for her, but it's even worse news for Europe.

Lithuania's eurozone entry is a big problem for Germany

Thanks to the ECB's peculiar system of governance, eurozone monetary policy will soon no longer require approval of all member states.

Behind the ECB's smoke-and-mirror show

The ECB's introduction of negative interest rates has seen more controversial policy measures quietly slip under the radar.

The EU's unique definition of democracy

Jean-Claude Juncker's triumph in the European Commission elections is causing problems for his own party while antagonising sceptics across the channel, highlighting the EU's innate dysfunction.