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Former Chancellor Gerhard Schröder’s signature “Agenda 2010” welfare and labor reforms may have established the foundations for Germany’s economic success, but these came at the expense of both social security at home and European neighbors abroad. The European Left has yet to recover. “Europe will be Socialist or it will […]

At their annual conference, Bertelsmann Foundation discusses a new idea for an international non-profit credit rating agency (INCRA), which will change both the governance and models of credit rating agencies.

Proper policy formulation is becoming increasingly difficult as greater uncertainty, goals, and divergent paths put roadblocks up for international coordination and forecasting.

Bertelsmann Foundation hosts its annual economic conference.

With the current European sovereign debt crisis roiling the markets and the recent US subprime crisis, bank failure, and debt ceiling debacle still in the minds of countries and investors, critical attention has been refocused on credit rating agencies and institutional mechanisms in abetting the crises and the steps needed […]