Prince Michael of Liechtenstein

  All industrialized countries are running high deficits. In Europe, the situation is particularly striking: France has a deficit exceeding 6 percent, and no solution seems politically acceptable. Germany is in full stagnation: its manufacturing base is crumbling, its infrastructure decaying and energy costs have become ruinous. The deficit remains high, while taxes on businesses […]

  Already during the Covid-19 crisis – and even more so now, amid war, protectionism and sanctions – the issue of economic supply has become obvious. Domestic sources in Europe, particularly for raw materials, were neither developed nor used. The (failed) guiding principle seemed to be: let others do the dirty work; we are good and […]

  On September 22, the United Nations celebrated its 80th anniversary. More importantly, on the same day, the High-Level Conference on the Peaceful Resolution of the Palestinian Question and the Implementation of the Two-State Solution was held. The United Kingdom, Canada and France, among others, formally recognized the state of Palestine. The two-state solution is […]

  Ceasefire and peace talks are now daily occurrences. A solution is certainly desirable: But on what terms, and at what price? It can be seen − after many summits and talks − that Russia does not intend to make any compromises on its position, which is disastrous for Ukraine first and foremost, but also […]

  Recent developments in politics, economics and social cohesion are troubling for Europe. France is on the brink of bankruptcy, with deficits still around 6 percent of gross domestic product (GDP). Other countries – including Germany – are not much better off when one considers not only the official debt but also implicit debt. Implicit […]