Chief economist & Berlin representative
Areas of expertise
Eurozone, ECB, Germany, fiscal and monetary policy, structural reforms, political economy of economic integration, international trade, financial regulation.
17 March 2017
Brexiters hope that Berlin will adopt an accommodating stance in the forthcoming negotiations because of Germany's economic and security interests. Such hopes are misplaced.
23 February 2017
The US will not gain by resorting to protectionism. If it does so, the EU should stay calm, listen when US criticism is justified, and make its first priority the defence of the WTO process and the rule of law.
19 January 2017
Britain and the EU-27 view migration very differently. That could complicate the Brexit and free trade negotiations.
19 December 2016
Italy's economic problems are a threat to the eurozone and the EU as a whole. While the euro has not helped Italy, its problems are mainly homegrown.
10 June 2016
If Britain votes to Remain, it should not revert to old habits of obstruction. In almost every field, it can serve its own interests best by making a positive contribution.
21 April 2016
After leaving the EU, the UK would face an invidious choice: sign up to EU rules and the free movement of labour, or suffer economic damage.
08 April 2016
If TTIP is open to other countries, a deal can reduce the cost of business while setting new global benchmarks and rules for trade.
08 March 2016
To get eurozone inflation back to the 'close to 2 per cent' target, the ECB needs to be much bolder – and needs fiscal help.
19 January 2016
European ‘competitiveness’ should be defined as productivity, and the policies to raise it are complex and counter-specific. Raising ‘competitiveness’ also requires more, not less democracy.
03 December 2015
At the heart of the eurozone's troubles lies a fundamental contradiction between the euro's integrationist economic pressures and the politics of democratic nation-states.
20 November 2015
Merkel's relatively open and liberal stance on refugees makes it easier for her to respond robustly to the attacks in France through security and foreign policy.
16 March 2015
Western sanctions are hurting Russia more than Europe. They will remain an essential tool to prevent a strong and aggressive Russia dominating its neighbours.
02 October 2014
The ECB needs to be more innovative and drastic to weaken the euro. This would help the eurozone without hurting the world economy.
02 December 2014
The ECB should stop waiting for German approval of more aggressive monetary policy, and Germany should back the ECB more openly.
26 August 2015
Greece’s debt burden needs to be reduced, but maturity extensions on existing loans are not enough for Greece to return to the markets.
05 November 2014
The programmes for Greece are not working. It is time for a new approach that focuses on the long-term and Greek ownership.