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Fifty years after the formation of the Federal Republic and a decade after German unification, we stand on the cusp of a new century and a new millennium of German history. At the same time European Monetary Union marks a giant stride towards European integration and the end of the deutschmark. The 1998 election was the first in the Federal Republic directly to oust a government, ending the Kohl era and bringing the new Social Democrat-Green coalition to power. At this time of great change, leading international scholars reflect on the dramatic transformations of Germany's past and on Germany's future prospects. Postwar democratic and economic renewal is set in the context of continuing debates about German identity; there are assessments of the major leaders, parties and ideologies; of the still unfinished agenda of integrating East and West; of how the new generation of German leaders will interact with ageing governmental structures; of the Bundesbank and the successes and failures of economic policy, the trade unions and the media; and of Germany's energizing role in Europe and the world.