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

26 June 2021

Overrated - now fading

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

18 June 2021

What Greens should focus on

The Glorious Green Revolution in Germany is most likely postponed.

12 June 2021

Forever blowing bubbles

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

05 June 2021

Should we worry about inflation?

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

29 May 2021

Unintended consequence of sanctions

It is still there. But fading.

21 May 2021

What happened to the Fourth Estate?

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

14 May 2021

Dedicated followers of fashion

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

08 May 2021

Why pundits get it wrong

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

01 May 2021

How not to think about Karlsruhe

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

25 April 2021

Mind the gap

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

16 April 2021

So much for the Brexit scare stories

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

10 April 2021

The dictator and us

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

27 March 2021

How we lost the narrative

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

20 March 2021

Risks and side effects of coordination

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

13 March 2021

What we mean by green

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

06 March 2021

What happened to Germany?

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.

28 February 2021

Unspoken issues of Scotland's departure

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.

20 February 2021

Beware of vaccine elitism

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

12 February 2021

Le bitcoin - c'est une monnaie

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

07 February 2021

Show me the money