flassbeck economics international

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The IMF is recommending a harakiri programme for Europe, yet ignores the US’s much higher national debt

By Heiner Flassbeck

26. July 2026 I General

Astute writers such as Michael Sauga of *Der Spiegel* realise immediately when things get serious: Europe needs austerity now. If Europe does not implement an austerity programme straight away, it is doomed. Europe must cut spending come what may. The best option would be an austerity programme in the style of Schröder’s Agenda. …

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Talking about Africa and the world

By Heiner Flassbeck

12. July 2026 I General

A video tackling African and global economic problems can be found here …

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Interest rate hike during a recession – the Europeans are mad

By Heiner Flassbeck

11. June 2026 I General

This week will probably prove it once and for all: the Europeans are mad. The Americans, on the other hand, although generally considered mad, are finally leaving the Europeans far behind when it comes to economic sense. On Thursday, the ECB Governing Council will meet and, …

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The Chinese imbalance – which is just as misunderstood as all the others

By Heiner Flassbeck

3. June 2026 I General

I wrote a few days ago in relatively general terms about imbalances in international trade. Now there is increasingly heated debate about the Chinese imbalance, which, according to many pundits, poses a massive threat to the global economy and to Germany. …

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