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

16 July 2021

What it will take

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

11 July 2021

Operator Overload

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

03 July 2021

Beware of averages

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