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Countries in crisis

Interview with economist Max Otte

Crisis countries need a "holiday from the euro"

The economics and finance expert Professor Max Otte wants to chip away at the accepted line that every country must stay in the euro whatever the cost so that war can be avoided. What utter nonsense, says Mr. Otte heatedly in an interview with International Trade News as he looks back at the record of former Euro Group President Jean-Claude Juncker, who shares responsibility for this widespread belief. For his part, Mr. Otte thinks that the best thing would be for the weaker eurozone countries to take a “holiday” from the euro. A more flexible system would allow us to see what happens – and perhaps win back lost confidence.


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Healthy alternatives for animals

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The Cyprus solution

A spectre looms across Europe

The world economy has been in turmoil since 2008 with experts, politicians and lobbyists unable to agree on their analyses and evaluations of the crisis: It is impossible to discern a common thread in their approach let alone a consensus. The financial markets are nervous, government budgets are locked in a debt spiral, the real economy is stagnant or shrinking and the outlook for young people in many countries is dire.



Guest editorial by eurosceptic Frank Schäffler

The chaos spread by the euro "saviours"

Despite all rescue attempts, the euro is not safe, says eurosceptic and FDP Member of Parliament in Germany Frank Schaeffler in a guest editorial for International Trade News. What the common currency needs now is an exit strategy and exclusive rights, according to his opinion.


Further Articles

International trade

At others’ expense

The solar dispute between China and the EU has stepped up a gear. First the European Union (EU) decided to slap an anti-dumping tax on cheap imported Chinese solar panels, then the Chinese government threatened to impose its own price protection measures on wine imports from the EU. This trade dispute is just the latest example of growing protectionism worldwide. more...

Interview with politics professor Oskar Niedermayer

The euro – not a key election issue

There are only a few months to go before the German federal elections in September and the election campaign is about to begin in earnest. Oskar Niedermayer, Professor of Political Science at the Freie Universität Berlin is doubtful that the eurocrisis will be a key issue in the upcoming election. German voters “have not been directly affected by the eurozone bailouts”. International Trade News also spoke to Prof. Niedermeyer about the question whether there is an international network of eurosceptic parties to which “Alternatives for Germany” (AfD) now belongs. more...

Interview with AfD spokesperson Frauke Petry

"Referendum first, euro bailout second"

Frauke Petry, spokesperson for the new political party “Alternative for Germany” (AfD) thinks the current strategy of euro bailouts is undemocratic. Her opinion would change if German voters were to support the bailouts in a referendum. Then her party would be the last to demand that efforts to save the euro be abandoned, said the AfD spokesperson in an interview with International Trade News. more...

Interview with political scientist Professor Everhard Holtmann on the AfD political campaign

“A return to the Deutschmark offers nothing more than illusory security”

Political scientist Professor Everhard Holtmann describes the German Parliament’s approval of the Cyprus bailout package as sending a “reassuring signal”. Conversely, he says in an interview with International Trade News that an exit from the euro as demanded by the new political party “Alternative für Deutschland” would have disastrous consequences. A return to the German mark offers nothing more than the illusion of security. more...

Guest commentary


The desire for certainty is huge – particularly in times of economic crisis. We try to do everything we can to ensure our security in all areas of our lives. However, we are missing the point: Uncertainty is essential for survival. Uncertainty is the force driving forward all new development. more...

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