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In the United States, the new administration is taking steps to address the soaring national debt, fulfilling a promise made by President Donald Trump during his election campaign. Meanwhile, in Germany, incoming Chancellor Friedrich Merz is pushing for an unprecedented spending package of €500 billion to fund critical infrastructure projects and increased defense spending, breaking with his earlier stance against altering the so-called debt-brake, which had been enshrined in the German constitution.
Join 1014 and the American Council on Germany for a virtual discussion on May 27 with Prof. Dr. Michael Hüther, Director and Member of the Presidium at the Cologne Institute for Economic Research, and Heather Conley, senior advisor to Evenflow Macro, to explore how sovereign debt can serve as a valuable tool for financing government expenditures and investments, while also examining the risks associated with potential mismanagement and the dangers of allowing debt to reach unsustainable levels.
Biographies
Prof. Dr. Michael Hüther has been Director and Member of the Presidium of the German Economic Institute since July 2004. From 1982 to 1987, he studied economics, as well as medieval and modern history, at the Justus-Liebig University in Giessen. Upon completion of his doctorate in economics, he became a member of the scientific staff of the Council of Experts for the Evaluation of Macroeconomic Development in 1991. In 1995 he was appointed Secretary General of the German Council of Economic Advisers. In 1999, he joined DekaBank as chief economist and in 2001 additionally as Division Manger economics and communication.
Since August 2001 Prof. Hüther is Honorary Professor at the European Business School in Oestrich-Winkel and since April 2019 Prof. Hüther is chair of the supervisory board of TÜV Rheinland AG.
In the academic year 2016-17 and in autumn 2019 he was Gerda Henkel Adjunct Professor in the Department of German Studies at Stanford University, CA, USA.
Heather Conley is a senior advisor to Evenflow Macro, having previously served as the sixth president of the German Marshall Fund of the United States. Prior to this, Ms. Conley served as senior vice president for Europe, Russia, and Eurasia at the Center for Strategic and International Studies (CSIS). She is a recognized expert on Europe, Russia and the Arctic region, as well as NATO and EU issues, the conflict in Ukraine, and Sino-Russian cooperation. From 2001-2005, Ms. Conley served as deputy assistant secretary of state in the Bureau of European and Eurasian Affairs with responsibilities for U.S. bilateral relations with Northern and Central Europe. Ms. Conley began her career at the U.S. Department of State in the Bureau of Political-Military Affairs and served as special assistant to the coordinator of U.S. assistance to Russia and the post-Soviet space. She then went on to serve as a senior associate at the international consulting firm led by former U.S. deputy secretary of state Richard L. Armitage. Ms. Conley received her B.A. in international studies from West Virginia Wesleyan College and her M.A. in international relations from the Johns Hopkins University School of Advanced International Studies (SAIS).
In the United States, the new administration is taking steps to address the soaring national debt, fulfilling a promise made by President Donald Trump during his election campaign. Meanwhile, in Germany, incoming Chancellor Friedrich Merz is pushing for an unprecedented spending package of €500 billion to fund critical infrastructure projects and increased defense spending, breaking with his earlier stance against altering the so-called debt-brake, which had been enshrined in the German constitution.
Join 1014 and the American Council on Germany for a virtual discussion on May 27 with Prof. Dr. Michael Hüther, Director and Member of the Presidium at the Cologne Institute for Economic Research, and Heather Conley, senior advisor to Evenflow Macro, to explore how sovereign debt can serve as a valuable tool for financing government expenditures and investments, while also examining the risks associated with potential mismanagement and the dangers of allowing debt to reach unsustainable levels.
Biographies
Prof. Dr. Michael Hüther has been Director and Member of the Presidium of the German Economic Institute since July 2004. From 1982 to 1987, he studied economics, as well as medieval and modern history, at the Justus-Liebig University in Giessen. Upon completion of his doctorate in economics, he became a member of the scientific staff of the Council of Experts for the Evaluation of Macroeconomic Development in 1991. In 1995 he was appointed Secretary General of the German Council of Economic Advisers. In 1999, he joined DekaBank as chief economist and in 2001 additionally as Division Manger economics and communication.
Since August 2001 Prof. Hüther is Honorary Professor at the European Business School in Oestrich-Winkel and since April 2019 Prof. Hüther is chair of the supervisory board of TÜV Rheinland AG.
In the academic year 2016-17 and in autumn 2019 he was Gerda Henkel Adjunct Professor in the Department of German Studies at Stanford University, CA, USA.
Heather Conley is a senior advisor to Evenflow Macro, having previously served as the sixth president of the German Marshall Fund of the United States. Prior to this, Ms. Conley served as senior vice president for Europe, Russia, and Eurasia at the Center for Strategic and International Studies (CSIS). She is a recognized expert on Europe, Russia and the Arctic region, as well as NATO and EU issues, the conflict in Ukraine, and Sino-Russian cooperation. From 2001-2005, Ms. Conley served as deputy assistant secretary of state in the Bureau of European and Eurasian Affairs with responsibilities for U.S. bilateral relations with Northern and Central Europe. Ms. Conley began her career at the U.S. Department of State in the Bureau of Political-Military Affairs and served as special assistant to the coordinator of U.S. assistance to Russia and the post-Soviet space. She then went on to serve as a senior associate at the international consulting firm led by former U.S. deputy secretary of state Richard L. Armitage. Ms. Conley received her B.A. in international studies from West Virginia Wesleyan College and her M.A. in international relations from the Johns Hopkins University School of Advanced International Studies (SAIS).
In the United States, the new administration is taking steps to address the soaring national debt, fulfilling a promise made by President Donald Trump during his election campaign. Meanwhile, in Germany, incoming Chancellor Friedrich Merz is pushing for an unprecedented spending package of €500 billion to fund critical infrastructure projects and increased defense spending, breaking with his earlier stance against altering the so-called debt-brake, which had been enshrined in the German constitution.
Join 1014 and the American Council on Germany for a virtual discussion on May 27 with Prof. Dr. Michael Hüther, Director and Member of the Presidium at the Cologne Institute for Economic Research, and Heather Conley, senior advisor to Evenflow Macro, to explore how sovereign debt can serve as a valuable tool for financing government expenditures and investments, while also examining the risks associated with potential mismanagement and the dangers of allowing debt to reach unsustainable levels.
Biographies
Prof. Dr. Michael Hüther has been Director and Member of the Presidium of the German Economic Institute since July 2004. From 1982 to 1987, he studied economics, as well as medieval and modern history, at the Justus-Liebig University in Giessen. Upon completion of his doctorate in economics, he became a member of the scientific staff of the Council of Experts for the Evaluation of Macroeconomic Development in 1991. In 1995 he was appointed Secretary General of the German Council of Economic Advisers. In 1999, he joined DekaBank as chief economist and in 2001 additionally as Division Manger economics and communication.
Since August 2001 Prof. Hüther is Honorary Professor at the European Business School in Oestrich-Winkel and since April 2019 Prof. Hüther is chair of the supervisory board of TÜV Rheinland AG.
In the academic year 2016-17 and in autumn 2019 he was Gerda Henkel Adjunct Professor in the Department of German Studies at Stanford University, CA, USA.
Heather Conley is a senior advisor to Evenflow Macro, having previously served as the sixth president of the German Marshall Fund of the United States. Prior to this, Ms. Conley served as senior vice president for Europe, Russia, and Eurasia at the Center for Strategic and International Studies (CSIS). She is a recognized expert on Europe, Russia and the Arctic region, as well as NATO and EU issues, the conflict in Ukraine, and Sino-Russian cooperation. From 2001-2005, Ms. Conley served as deputy assistant secretary of state in the Bureau of European and Eurasian Affairs with responsibilities for U.S. bilateral relations with Northern and Central Europe. Ms. Conley began her career at the U.S. Department of State in the Bureau of Political-Military Affairs and served as special assistant to the coordinator of U.S. assistance to Russia and the post-Soviet space. She then went on to serve as a senior associate at the international consulting firm led by former U.S. deputy secretary of state Richard L. Armitage. Ms. Conley received her B.A. in international studies from West Virginia Wesleyan College and her M.A. in international relations from the Johns Hopkins University School of Advanced International Studies (SAIS).
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