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Eclectic snippets from politics and business in quirky Germany.
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- Sep 20, 2026
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Last Merz Standing (opens the original)
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Thirty years ago, when I came into journalism, Germany had something that, by analogy with the Washington Consensus, might be called the Bonn Consensus. It included:Fiscal discipline.Tough antitrust law.A stable framework, above all for businesses.Price stability (and I mean real price stability, ideally 0.5 percent – anyone who thought 2.5 percent inflation was acceptable was regarded as a reckless fool).And free trade (here the consensus was so broad that in 1998 I could not find a si
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