EMILY DE LA BRUYÈRE, NATHAN PICARSIC
- Dr. Annegret Bendiek is a German political scientist at the German Institute for International and Security Affairs and member of faculty at ESMT Berlin.
- Colin Robertson (host) is a former Canadian diplomat, now Vice President of and Fellow at the Canadian Global Affairs Institute.
In these critical times funds are limited and we must have a serious debate on every expense — including military expenses
The coronavirus crisis could lead to greater diversification in German supply chains. This is a particularly good idea for sensitive imports such as medical goods, since delivery failures here can have drastic consequences, states a recent article by Rahel Aichele, Martin Braml, and Lisandra Flach for ifo Schnelldienst.
The recent controversial ruling against the European Central Bank by Germany’s Federal Constitutional Court could not have come at a worse time. But it was a necessary reminder that the EU is a community based on the rule of law, and that only its sovereign member states can develop it further.
Given the many flaws in the controversial ruling by Germany’s Federal Constitutional Court against the European Central Bank, it is tempting to dismiss the decision as yet another instance of German obstructionism. But either through persuasion or reform, Germany’s longstanding complaints will have to be addressed.
Marcel Fratzscher, a former senior manager at the European Central Bank, is President of the think tank DIW Berlin and Professor of Macroeconomics and Finance at Humboldt University of Berlin.