The political cost of the US/German deal on Nord Stream 2 will vastly exceed its commercial benefits.

Climate change is a challenge that requires single-minded determination and political leadership, not diffuse agendas and bullet points.

A central bank's job is to stabilise prices. If it tries to save the planet as well, it will fail in both tasks.

The average is a poor statistic to explain climate change. And a disaster to communicate it.

Angela Merkel is the most over-rated politician of our time.

Why co-opting industry into the Green agenda is a mistake.

The Glorious Green Revolution in Germany is most likely postponed.

The answer is No. But it is not the entire answer.

Economic sanctions against Belarus will work only if extended to Russia. Otherwise, they will have the opposite effect.

It is still there. But fading.

The biggest inflation risk is not an overshooting economy, but an overshooting central banker

The left-right-centre model of political analysis has long ceased to be useful

Here is my guide on how to misread the German constitutional court.

The Suwalki gap along the Polish-Lithuanian border constitutes a source of potential military conflict.

Apart from a short-lived disruption of trade flows Brexit has been a macroeconomic non-event.

The real scandal is not sofagate, but a feckless foreign policy.

By allowing English to become its lingua franca, the EU has lost control of the narrative. Time for some changes.

The crisis of Europe is not one of integration, but of co-ordination.

The EU puts too much emphasis on climate targets, and not enough on investments.

The pandemic has exposed two German myths: of competency and superiority.

The row between Alex Salmond and Nicola Sturgeon could derail Scottish independence. The politics of independence is more finely balanced than opinion polls currently suggest.

What happened in Germany last week is that people started to treat vaccines as a private good. They want this one, not the other one.

Bitcoin will not replace existing money, but it will constrain the scope of governments and central banks.

Mario Draghi constitutes an irresistible proposition for Italians. But not for long.

The European Union used to do a few things well. Now it does a lot of things badly.