The EU’s eastward enlargement
The EU’s eastward enlargement

The results are positive Arrow

Ten years ago, the European Union (EU) expanded to include eight Central and Eastern European countries – as well as Malta and Cyprus – as new members. Those countries had already been experiencing more rapid per-capita economic growth than the old member states, but after they joined the EU that growth accelerated still further. more

Eurozone Banks
Eurozone Banks

In the run-up to the Stress Test Arrow

Before the European Central Bank (ECB) becomes the supreme bank supervisor of the European Banking Union in November 2014, it will conduct a comprehensive assessment of the 128 largest system-relevant banks in the Eurozone. To prevent a further crisis of confidence if banks fail the stress test, the ECB should communicate strategies for any banks that do fail. more

Minimum wage
Minimum wage

A law in need of revision Arrow

By introducing a statutory minimum wage on January 1, 2015, the government is engaged in massive interference in wage formation. This poses a challenge for the labour market, particularly in eastern Germany. International experience has shown that a gradual approach would have mitigated risks to the labour market. more