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Bodo Herzog

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Financial Playground

Two economists, five opinions. Economics breeds complexity, complexity breeds disagreement. And amidst a deepening debt crisis, Bodo Herzog tries to make sense of it all.

The False Appeal of Central Banks

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We cannot rely on central banks to carry us through the Eurozone crisis.

30.09.2012

Why Rules Must Rule Again

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If the Eurozone is to be saved, policy-makers must embrace a strict framework of consistent and enforceable rules.

11.08.2012

Fair Play

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The Eurozone cannot prosper without respect for the rules and restrictions of the common currency framework. We need a strong referee - and the European Central Bank can fill that role.

06.07.2012

No Pain, No Gain

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The economic rationale of the current crisis is remarkably simple: Without fiscal stability, there will be no economic growth.

01.06.2012

A Choice Between Two Evils?

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The British government's objection has put European plans for a transaction tax on hold. But there is no convincing alternative: States must regulate volatile trading markets and make the market pay for crisis rescue packages.

04.05.2012

Uniquely Troubled

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Because of its institutional deficiencies, the Eurozone finds itself in a particularly tough position today, even when compared to other nations with similar debt levels.

29.03.2012

The Age of Education

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Demographic change is an undeniable fact for Western societies, and a serious threat to economic competitiveness. But there's a cure: Education. By focusing on skills and opportunities, we can offset the threat of old age.

02.03.2012

Making Markets Work

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We need a strong fortress of financial regulation, not a patchwork of national rules. When that is done, markets can be made to work efficiently again.

03.02.2012

Hot Or Not?

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Rating agencies continue to dominate market mood swings. Two lessons can be learned from recent down-gradings: Rating agencies must take responsibility for their analyses - and other market actors must not rely blindly on their ratings.

06.01.2012

Friend or Foe?

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Germany has emerged as the biggest opponent of Brussels' new economic toy: Eurobonds. And Merkel is right: In the short term, Eurobonds are neither realistic nor effective. They attack the symptoms of crisis while leaving the structural reliance on debt untouched. We need rules, not bonds.

02.12.2011
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