Much has changed in Germany over the past twenty years. In 1987 Peter Katzenstein produced a seminal analysis of the 'semisovereign' politics of West Germany, providing a compelling account of policy-making in Europe's largest economy. However, unification in 1990 changed Germany's institutional configuration radically, and created economic challenges on a huge scale. By building on the original study, an eminent team of scholars asks whether semisovereignty still exists in contemporary Germany and whether, as Katzenstein originally contended, it remains an asset. (The conclusion is provided by Peter Katzenstein.)