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After Obama: The Future of U.S. Foreign Policy

On January 20 2017, President Hillary Clinton or President Donald Trump will inherit Barack Obama’s legacy, just as Mr Obama still uses George W Bush’s tenure as a reference for …

The Presidential Campaign and The Future of U.S. Trade Policy: Implications for Transatlantic Relations

The 2016 presidential contest in the United States has been characterized by a particularly heated debate about the role that trade policy should play in promoting US prosperity and national …

What a Trump Win Would Mean for the European Economy

On November 8, 2016, Americans will decide whether Donald Trump or Hillary Clinton will be the president of Europe’s most important trade and investment partner. In 2015, 20 percent of …

U.S. Presidential Election 2016: Implications for Transatlantic Relations

November 8 is Election Day in America.  The U.S. has not one national election, but fifty state elections with 135 million voters, 538 Electors in the Electoral College.  270 Electors’ …

Elections – The DNA of Democracies

There is a German expression describing the continuous competition in the soccer world: nach dem Spiel ist vor dem Spiel. The last game is right before the next. The rules, …

Inequality Defines the American Election

The U.S. election is less than a month away. With so much focus on the large gap between the rich and the poor in this year’s race, a slightly altered …

Transatlantic Politics: When Uncertainty Becomes the New Normal

Distinguishing between risk and uncertainty—two concepts dating back to economist Frank Knight (1921)—has become popular in financial policy analyses in the aftermath of the global financial crisis of 2007-09. Risk …

Growing Populism in the U.S. and Germany

Seemingly in all corners of the world right-wing populism is rising. A more chauvinistic renationalization of politics, criticism of free trade regimes and globalization, and a general coarsening of rhetoric …

Merkel: One More Time

Yogi Bera – that immortal American philosopher – once said that it is tough to make predictions, especially about the future. Well, here is one prediction. A year from now, …

The Crisis of Liberal Order

The liberal world order, a system based on open borders and open societies, is increasingly under attack. In the past, it was mainly left-wing anti-capitalists and right-wing nationalists who fulminated …

Political Signals and Populist Noises

Following the two party conventions last month in Cleveland and Philadelphia, many undecided American voters and many millions watching from around the world might have concluded that they had just …

The Amerexit

As I write in mid-July 2016, all the Transatlantic chatterati can seem to talk and write about—except when temporarily interrupted by terrorist outrages like the one at the Istanbul airport …