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Archive for 16. September 2016

Nobelpreisträger Stiglitz: Deutschland soll Euro verlassen

Posted by hkarner - 16. September 2016

Deutsche Wirtschafts Nachrichten  | 

StiglitzJoseph Stiglitz sieht sich in seiner schon vor langem geäußerten Kritik an der Euro-Zone bestätigt: Sie erweise sich in der Krise als Fehlkonstruktion, weil sie den Banken, nicht aber den Bürgern nützt. Stiglitz schlägt eine radikale Lösung vor: Deutschland solle wegen seines Beharrens auf der Sparpolitik austreten.

Der amerikanische Wirtschaftsnobelpreisträger Joseph Stiglitz hat die Bundesregierung für ihren Sparkurs in der Eurokrise scharf kritisiert. „Die Vorstellung, dass man durch eine strikte Sparpolitik zu Vollbeschäftigung und Wohlstand zurückkehren kann, wird von den meisten Ökonomen zurückgewiesen“, sagte Stiglitz der Nachrichtenagentur AFP in einem Interview. „Sie scheint aber in der Bundesregierung und insbesondere im Finanzministerium die vorherrschende Sichtweise zu sein.“

Die Sparpolitik stehe im Widerspruch zu den „Reformen, die die Eurozone braucht“, sagte der frühere Chefvolkswirt der Weltbank und legte Deutschland gar einen Austritt aus der EU nahe: „Der leichteste Weg wäre es, wenn Deutschland Europa verlässt.“

Er würde Bundesfinanzminister Wolfgang Schäuble (CDU) gerne sein neues Buch „Europa spart sich kaputt: Warum die Krisenpolitik gescheitert ist und der Euro einen Neustart braucht“ schenken, sagte Stiglitz. „Aber ich bin sicher, dass mein Buch ihn nicht überzeugen wird.“ Den Rest des Beitrags lesen »

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Why Europe Shouldn’t Be Complacent About Brexit

Posted by hkarner - 16. September 2016

Date: 16-09-2016
Source: The Wall Street Journal

Britain’s plan to leave is only one recent blow to the bloc, but not one it can afford to ignore

bratislavaEuropean leaders posed Thursday at Bratislava Castle in the Slovak capital on the eve of a European Union summit to which Britain isn’t invited.

The reaction of the European Union’s 27 other member states to Britain’s vote to leave has so far been more muted than many people, including Britons, expected. That isn’t likely to change much after a summit of the 27 in Slovakia on Friday.

In his 6,000-word set-piece speech this week, European Commission President Jean-Claude Juncker didn’t spend much time talking about the June referendum vote. “We respect and regret the U.K. decision, but the EU as such is not at risk,” Mr. Juncker said.

There are good reasons for the subdued response. From the perspective of the 27, the referendum vote was a pity, but it is the British who have most to lose.

The EU is far more important economically to the U.K. than the other way around. That is true collectively and for individual countries: only Ireland and Cyprus send more than 10% of their exports to the U.K. Den Rest des Beitrags lesen »

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Hollande, Merkel Propose Simpler Mission for Post-Brexit EU

Posted by hkarner - 16. September 2016

Date: 16-09-2016

Source: The Wall Street Journal

French premier said bloc could face ‘crisis of its very existence’

Merkel HollandePARIS—French President François Hollande and German Chancellor Angela Merkel said Thursday that Europe has to define its priorities to avert a crisis of confidence after the U.K. voted to leave the union in June.

The leaders of the two largest economies in the EU once the U.K. leaves were meeting ahead of a summit in Bratislava where European countries aim to step back from day-to-day issues and define a long-term vision for the EU. The U.K. isn’t attending the summit.

“We need to be lucid about Europe’s situation,” Mr. Hollande said before a lunch with Ms. Merkel in Paris. “It isn’t just another crisis, it could be the crisis of its very existence.”

Ms. Merkel said: “We want to put a brake on the worries of our people and for Europe to once again be a synonym for hope and the future.” Den Rest des Beitrags lesen »

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Germany’s Efforts to Integrate Migrants Into Its Workforce Falter

Posted by hkarner - 16. September 2016

Date: 16-09-2016
Source: The Wall Street Journal

Job openings and internships go unfilled because of language deficiencies, government bottlenecks

BERLIN—As the flow of asylum seekers entering Germany started to break historic records last fall, Continental AG rushed to tap some of the newcomers for its workforce.

But one year after the tire maker began advertising an internship program designed for 50 migrant workers, only 30 of the positions have been filled as it struggles to find suitable candidates or vet their qualifications.

Continental isn’t alone. Answering calls from Berlin to help in the country’s massive integration effort, German companies big and small have scouted refugee shelters and job centers for potential employees. Yet because of administrative bottlenecks and a mismatch in needed skills, the number of migrants in jobs with benefits was only about 25,000 higher in June than a year earlier, despite more than 736,000 arrivals in that time.

“It is a huge effort,” said Ariane Reinhart, Continental’s executive board member for human relations. Den Rest des Beitrags lesen »

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