Understanding digital money: Bitcoin, stablecoins and CBDCs explained simply

CBDCs, cryptocurrencies and stablecoins

There were times when money was simply „there“ in everyday life. You earned it, withdrew it, paid with it, transferred bills - done. And that was one of the quiet qualities of the old system: it was so reliable that you hardly noticed it.

Many technical things work best when they remain invisible. Cash is a good example of this: it is tangible, easy to understand and allows for an exchange without a system immediately running in the background that logs or evaluates everything. This was normal for decades. You didn't have to be an expert to participate in business life. That will change in the future.

Read more

The Crimean Tatars - history, origins and present of a forgotten people

Crimean-Tartar steppe

Crimea has been in the headlines again and again for years. In this context, the name of the Crimean Tatars is often mentioned - usually briefly, often without explanation. However, if you want to understand who the Crimean Tatars are, you have to go much further back than the political conflicts of the present.

It is not about a single event or a clear „hour of birth“, but about a long historical process. This chapter attempts to explain this in detail: where this people comes from, how it was formed and why its identity cannot be pinned down to national borders.

Read more

Jeffrey Sachs warns Germany: Why Europe's security needs to be rethought

Jeffrey Sachs writes open letter to Chancellor Merz

In his open letter to German Chancellor Friedrich Merz, published in the Berliner Zeitung on December 17, 2025, the well-known economist and professor Jeffrey D. Sachs speaks out with a clarity that has become rare in the current European debate. Sachs speaks not as an activist, not as a partisan and not as a commentator from a distance, but as an economist and political advisor who has worked for decades at the central interfaces of international crises, security architectures and economic upheavals. The open letter contains an unusually sharp quote:

„Learn history, Mr. Chancellor.“

Read more

Ulrike Guérot: A European between idea, university and public discourse

Ulrike Guérot and Europe

There are people whose thoughts you like to follow not because you agree with them on everything, but because they make an effort to penetrate things. For me, Ulrike Guérot is one of these voices. I have been watching her lectures for a few years now - not regularly, not ritualized, but when I come across a topic that I feel is worth listening to more closely. What strikes me is that her arguments are calm, structured and largely non-ideological.

This does not make her lectures spectacular in the media sense, but they are sustainable. You can listen to her for a long time without getting the feeling that she is trying to sell a ready-made world view. Especially at a time when political debates are often morally charged or emotionally truncated, this way of speaking seems almost old-fashioned. In the best sense of the word.

Read more

Game theory explains 25 years of geopolitics: How Europe lost its strategic role

Game theory explains 25 years of geopolitics

For many, game theory sounds like dry mathematics, like formulas, like something that only plays a role in lectures or business games. In reality, however, it is an ancient thinking tool that existed long before its academic formalization. Diplomats used it, commanders used it, captains of industry used it - long before it was even called that. In the end, it is nothing more than a sober question:

„When several players have to make decisions in an uncertain situation - what options do they have and what are the consequences?“

This kind of thinking has become surprisingly rare today. Instead of analyzing alternatives, much is narrowed down to moral narratives or spontaneous interpretations. Yet in geopolitical issues in particular, a clear analysis of the possibilities would be the foundation of any mature policy. It is precisely this old craft that I would like to take up again in this article.

Read more

State of the German economy in 2025: Five years of crisis, figures, trends and outlook

State of the German economy in 2025

If you look at the German economy today, it is almost impossible to separate the last five years. It was a chain of events that overlapped, reinforced and in some cases blocked each other. The starting point was 2020 - the year in which the pandemic brought public life, supply chains and entire industries to a standstill in one fell swoop. Many companies had to close, production was interrupted and government aid was provided to prevent the economy from collapsing completely in the short term.

However, what seemed like a temporary exceptional situation at the time developed into something bigger: The consequences of the decisions made at the time still affect the everyday lives of entrepreneurs, the self-employed and employees today. Anyone who thought back then that after a few months everything would be „as it used to be“ can now see that many things have changed permanently.

Read more

The EU's 28th regime: The silent restructuring of the European Economic Area?

28th EU regime

At the moment, half of Europe is talking about the so-called „28th regime“. Many are wondering what this is actually supposed to be. A new state? A secret EU project? Or just another attempt to modernize the single market? In fact, it is a concept that sounds grand, but in essence describes an additional form of company that is supposed to be optional and purely voluntary. The name „28th regime“ comes from the fact that there would be another set of rules in addition to the 27 national legal systems - like an additional tool in an already full toolbox.

The idea behind it did not come about overnight. Start-ups, investors and some SMEs have been complaining for years that the EU consists of 27 very different economic areas. Depending on which country you start up in, you have to follow different rules: different founding formalities, different liability rules, different requirements for employee participation or raising capital. This is an obstacle for international tech companies and often a deterrent for founders. This is precisely where the EU institutions want to start.

Read more