central banks

Cheap credit, not quantitative easing, boosts economies

Europe's economic recovery started long before the ECB's bond buying because low interest rates are what matters, argues Daniel Gros.

No go GroKo

A minority government led by Merkel could rejuvenate Germany

Forget a lackluster, sleepy grand coalition between the major parties – a minority goverment led by Angela Merkel's conservatives has a real shot at enacting reforms Germany desperately needs.

Financial union

German banks oppose an EU-wide deposit insurance

A European deposit insurance scheme could do more harm than good, writes the head of the German Savings Banks Association. The new German government must take a more balanced approach to closer financial cooperation.

Made in Germany

Green power: Grow up and get ready for a revolution

The potential new German government agreed to backtrack on environmental goals. The green power sector is aghast. But in fact, they need to recognize this for the opportunity it is.

Weekly Review

In a dangerous world, Germans need to get real on foreign policy

Since World War II, German elites have retreated comfortably, and sometimes hypocritically, into a mindset that amounted to absenteeism in global diplomacy. This is no longer tenable.

2018 Outlook

Impatiently waiting, EU is ready for Germany’s new government

The European Union continues to deal with a number of low-level crises which could pile up. Germany's new government might help solve them.

Hobbes beats Monnet

From Iran to North Korea, German policymakers are at a loss

Postwar German foreign policy is based on cooperation, rules and trust, not power, interest and threat. But with crises from Iran to North Korea likely to be play out the old-fashioned way, that approach looks naive, says a foreign-policy expert.

rethinking rules

Time for Europeans, too, to reassess Bill Clinton

Europeans have long maintained that a politician’s private life doesn’t matter. A fresh look at Bill Clinton, in the era of #metoo and Donald Trump, suggests it's time to reconsider.

Learn Lessons

The ECB needs to embrace change

The European Central Bank operates in an environment that is changing rapidly. Only by reforming itself can the institution keep pace, writes Handelsblatt's monetary policy correspondent.

Brutal Brexit

Germany looks on with horror as Britain’s deadline looms

The United Kingdom has a daunting to-do list ahead of its exit from the European Union, and faces a difficult year, writes a Handelsblatt correspondent.

Decisive Months

Deutsche Bank sorely needs a good start to 2018

Mired in bad news, Germany's largest bank and its boss must prove they have what it takes to survive the year, writes Handelsblatt's deputy finance editor.

People power

Can movement politics renew European democracy?

From Austria to Spain, new political groupings have emerged as voters grow disenchanted with traditional parties. Yet while they are more charismatic, the upstarts are not necessarily more democratic.

Yanis Varoufakis

A balanced approach for European economics

There's no point sniping about whose fiscal policies are better. Germany and France need to set aside national interests and combine the best of all economic approaches, says Greece's former finance minister.

Weekly Review

Free speech in a time of hate speech

Germany, of all places, finds itself on the front line in the clash between purveyors of hate speech and fake news on one side, and defenders of free speech on the other.

Trump’s cuts

A welcome tax nudge

Donald Trump’s controversial Tax Cuts and Jobs Act should be a wake-up call for Germany to pass much-needed reforms.

Shooting for success

New Year’s resolutions for the global economy

Whether 2018 will be a vibrant year for the markets depends on a few pressing factors – particularly Germany forming a stable coalition soon, writes a Stanford economist.

bull and bear market,

Stocks and bangs

Quiet time is over

Global stock markets were less volatile than ever in 2017, thanks in part to a final flood of cheap money from central banks. But just wait until next year, Ulf Sommer says.

Migration Challenge

The evolution of the refugee crisis

Two years after the so-called "refugee crisis" in Germany, much has changed with European migration policy, writes Erik Berglöf.

Protecting the Project

It’s time to rescue Europe’s illiberal democracies

Fighting state nationalism with EU-level nationalism is not the solution to populism, writes European Parliament member Danuta Huebner.

Worthwhile Changes

Nearly 2018 and Germany is still directionless

If the CDU and SPD come away from negotiations with a clear political path, they can take as long as they need, writes an expert from the Cologne Institute for Economic Research.

Flip sides

The pros and cons of Bitcoin regulation

The rapid rise of cryptocurrencies and their spin-offs has sparked a lively debate in our newsrooms. Handelsblatt decided to take it public.

Hit Restart

Rebooting the trans-Atlantic relationship

Europe needs to take a new look at its dealings with the United States without forgetting old memories, writes AmCham Germany president Bernhard Mattes.

monetary policy

How to reform the euro zone

From a European bail-out fund to banking and capital-markets union: The chief economist of ING Germany spells out his vision of making the euro zone safe and prosperous.

new momentum

Can Europe sustain the Macron moment?

After years of existential challenges, the EU appears to be on an upswing. It's now up to EU leaders to seize the moment of opportunity.

trans-atlantic test

‘America First’ wakes up the EU

President Donald Trump's erratic leadership and "America First" approach have galvanized the European Union, writes Elmar Brok, a senior member of the European parliament for Chancellor Angela Merkel's conservatives.

Liberal fightback

Stealing the populists’ clothes

Populists have become popular for a reason – they prey on people’s fears. But liberalism can fight back by making capitalism fairer, controlling migration and regulating social media.

Regulators on drugs

Pharmacies: case study in Germany’s protectionist and backward services

Forget any notion that Germany's economy is modern, competitive and innovative and take a look at the service sector, starting with drugstores. You'll need one because your head will hurt.

Never-ending drama

The tragicomedy of Brexit looks a lot like Game of Thrones

A breakthrough this week, perhaps, but the drama is far from over. A Princeton professor explains what makes London such a clumsy partner for Brussels.