The liberalisation of capital movements and the creation of a market without internal frontiers within the European Community have far-reaching consequences for the European Monetary System. Sr. Wolfgang Schröder analyses the opportunities and risks associated with these developments.

The liberalisation of capital movements and the creation of a market without internal frontiers within the European Community have far-reaching consequences for the European Monetary System. Sr. Wolfgang Schröder analyses the opportunities and risks associated with these developments.

For years, federal politicians from all established parties have categorically ruled out any cooperation with the Alternative for Germany (AfD), erecting a so-called "firewall" ("Brandmauer") against the party. Nevertheless, reports increasingly document instances where this firewall is eroding,...