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Martin Hüfner

Former Chief Economist, HVB Group

Martin Hüfner is economic advisor to various banks and asset managers in Germany, Switzerland and Austria. He is the author of the book “Europe — The Power of Tomorrow” (2006) and is now a Fellow of the Institute for Applied Policy Research at the University of Munich, Germany.

Until 2005, he was the Chief Economist at HypoVereinsbank (HVB), Germany’s second-largest bank headquartered in Munich. In this capacity, he served as the Chairman of the Economic and Monetary Affairs Committee (EMAC) of the European Banking Confederation — as well as Chairman of the Economic and Monetary Affairs Committee of the Association of German Banks.

Before joining HypoVereinsbank, Mr. Hüfner was senior economist at Deutsche Bank, Germany's largest bank.

Prior to entering the banking industry, Mr. Hüfner was trained as a journalist at the Mainzer Allgemeine Zeitung. He holds a doctorate in economics from the University of Munich.

Mr. Hüfner is a frequent commentator on European and global issues. His articles have appeared in the Financial Times, The New York Times, The Wall Street Journal, Frankfurter Allgemeine Zeitung and numerous other publications.

Articles by Martin Hüfner

A Copernican Revolution in Europe?

How European integration is regressing – and yet stabilizing.

February 4, 2019

Europe: Five Big Surprises for 2019

Dealing in alternate realities is a tricky business. As is often noted, predictions are hard, especially about the future.

December 31, 2018

Italy: The New Greece?

Is Italy’s crisis the new Greece? Is it just as bad? Or different? Could it take just as long to resolve it?

November 5, 2018

Will the US Current Account Explode Soon?

The U.S. current account deficit has widened to a degree that few had thought possible. Under Trump, it could become an explosive device for the world financial system.

October 19, 2018

“Cool” Germany, Really?

The Economist’s recent feature on today’s Germany as a model for all of Europe was fake news. The signs of crisis – mainly a widespread complacency – are already visible in financial markets.

September 18, 2018

The New Global Mercantilism

If Trump has his way, the liberal market economy of the post-war period is ending. The Trump world proudly and unapologetically embraces mercantilism.

August 12, 2018

Less Europe?

The EU does not always need more members and deeper integration. Less could be more in the end.

July 22, 2018

Italy: When Trumpism Hits Euroland

The EU no longer lives in the orderly world of the Maastricht treaties, but in the world of a "populist monetary union."

June 8, 2018

German Stubbornness: Why Not Finally Relent on the Trade Surplus?

Why are Germans so enamored with their trade surpluses? When will they see it is against their own, well-understood self-interest?

October 3, 2016

Benefits of the Greek Crisis

Why the eurozone will become more stable — thanks to the Tsipras episode.

July 1, 2015

Germany Counters Deflation in the Eurozone

By raising real wages, Germany has launched itself into a new period of growth.

March 30, 2015

Four Fallacies about the Greek Crisis

Four incorrect assumptions veil the truth about Greece’s economic situation.

February 6, 2015

Mr. Draghi, Hands Off the Inflation Button!

The European Central Bank needs to realize the monetary policy bucket is now empty.

January 6, 2015

Europe, End the Austerity Mania

Fiscal discipline does not determine economic growth and competitiveness.

September 8, 2014

Netherlands: Another Spain in the Making?

It is not only countries in Europe’s southern periphery that mismanage their national economies.

December 2, 2013

No Bailout for Slovenia

Wouldn't Slovenia be better off making critical business sector reforms on its own to improve its economic potential?

May 7, 2013

The Subprime Crisis and Global Justice

Reflections on the U.S. subprime mortgage troubles and the Asian financial crisis of 1997.

September 26, 2008

Change in China?

What effect could Western opposition to China's handling of Tibet have on China's economic growth?

April 25, 2008

Eight Potential Surprises for 2008

Will China finally lose its luster? Will the global economy stumble or soar? Here are some predictions for 2008.

January 9, 2008

Ten Potential Surprises for 2007

From fissures in the EU to a unified Middle East to a booming world economy, what are some events that could occur in 2007?

January 12, 2007

Immigration — What Europe Can Learn From the United States

Do the benefits of immigration outweigh the disadvantages?

February 22, 2005

Ten Surprises for 2005

What could be in store for the global economy in the coming year?

December 23, 2004

Six Ways Out of an Economic Crisis

How can industrialized countries best pursue economic reform?

August 20, 2004

How the EU Really Works

Does the EU facilitate domestic politics in Europe?

June 21, 2004

Hungary — Ready for the Big Bang?

As Hungary is about to join the EU, how ready is its economy?

April 7, 2004

What Would Bismarck Have Done?

Can a 19th century German leader inspire his country to solve its pension woes?

December 2, 2003

The End of Economics — As We Knew It?

Can the world afford to be optimistic about an early recovery of the global economy?

September 3, 2003

Good Deflation and Bad Deflation

Is deflation a good or a bad thing for industrial countries' economies?

July 2, 2003