The coronavirus pandemic is accelerating the development of central bank digital currencies (CBDCs) as it has prompted millions of people to turn to cashless payments. But, efforts to create CBDCs is nothing new. Central banks have been exploring how CBDCs could become a reality since Facebook’s efforts to launch its own cryptocurrency Libra raised the prospect of a private company competing with traditional currencies.
On February 10, the American Council on Germany hosted a discussion with Burkhard Balz, Member of the Executive Board of the Deutsche Bundesbank, on CBDC trends in Europe.
As countries around the world struggle to roll out vaccines to combat the coronavirus crisis, the pandemic is not the only global challenge on the international agenda. The common issues facing Europe and the United States are daunting. They include climate change, migration, democracy and multilateralism, international trade, as well as security and defense.
On February 9, the ACG and 1014 hosted a discussion on the impact of COVID-19 on international affairs with Sharon Burke, Senior Advisor to the International Security Program and Resource Security Program at New America, and Dr. Stefan Mair, Director of the German Institute for International and Security Affairs (Stiftung Wissenschaft und Politik, SWP).
On February 2, the ACG, Deutsches Haus at NYU, and NYU’s Center for European and Mediterranean Studies presented “What’s Behind Germany’s Querdenker Movement?” The intensity and scope of protests against the government measures to reduce the spread of Covid-19 in Germany has surprised many observers. Self-stylized “lateral thinkers” have forged a coalition that encompasses far-right extremists but also anti-vaxxers who historically have aligned with the left. At both ends of the political spectrum, protesters seem to share a deep-seated distrust in government. This event featured Pia Lamberty, Natascha Strobl, and Konstantin von Notz, and moderated by Christian Martin. The panel discussed the Querdenker, their origins, and the likely future developments in an historic election year.
On January 29, the American Council on Germany and the Konrad Adenauer Stiftung hosted a virtual discussion on how the Biden Administration’s domestic agenda might impact its foreign policy priorities – and what Europe can expect from the new government. Speakers included Paul Linnarz, Director of the Konrad Adenauer Stiftung’s U.S. office; Dr. Charles Kupchan, Senior Fellow at the Council on Foreign Relations (CFR) and Professor of International Affairs at Georgetown University; Prof. Dr. Norbert Lammert, Chairman of the Konrad-Adenauer-Stiftung (KAS) and former President of the German Bundestag; Robin Wright, Columnist at The New Yorker, Distinguished Scholar at the Woodrow Wilson Center, and Senior Fellow at the U.S. Institute of Peace. The discussion was moderated by ACG President Dr. Steven E. Sokol.
The corona virus crisis disrupted the lives of millions of people in Europe and the United States. Beginning in March, non-essential businesses were closed, workers were furloughed or laid off – or in Germany subject to Kurzarbeit. In the U.S. schools and daycare centers were shuttered. In both countries, families struggle to come to terms with home schooling. In short, COVID-19 has disrupted the labor market and education – and this has had disastrous consequences for working women and their families.
On January 27, the ACG and the Heidelberg University Association hosted a discussion on the economic impact of the COVID crisis on women in the United States and Germany with Prof. Dr. Christiane Schwieren, Professor of Economics at the Alfred Weber Institute at Heidelberg University, and Julie Kashen, Senior Fellow and Director for Women’s Economic Justice at The Century Foundation, with award-winning German television journalist Birte Meier (2009 ACG Kellen Fellow) as the moderator.