Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Archive for 8. Juli 2017

The EU proposes pan-European pension products

Posted by hkarner - 8. Juli 2017

Date: 06-07-2017
Source: The Economist

A modest step to help savers, and to bring Europe’s Capital Markets Union closer

THE story of the European Union is in part that of the steady accretion of power by its central bodies. But until now the politically touchy business of running pensions has, like taxation, been zealously guarded by national governments. No longer: on June 29th the European Commission presented a long-awaited proposal for a pan-European personal-pension product, the snazzily named “Pepp”.

Any attempt to encourage Europeans to make adequate provision for their old age is welcome. The combination of ageing populations, falling birth rates and generous state pensions could leave future generations footing the bill, unless people work for longer. Especially in countries such as Italy and Greece, where the state is the main pension provider, encouraging people to make personal savings for their retirement would be sensible.

Europe’s pension landscape is fragmented. In some countries, citizens have plenty of products to choose from; others have very few. A patchwork of European and national rules, and divergent tax treatments, has meant pension pots tend to sit in national silos. The commission hopes that the new products will both help savers and provide an extra pot of money to boost investment in Europe. Indeed, the commission reckons that today’s total personal-pensions savings of €700bn ($794bn) could exceed €2trn by 2030, of which €700bn would be in Pepps alone. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , | Leave a Comment »

Germany is not the new leader of the free world

Posted by hkarner - 8. Juli 2017

Date: 06-07-2017
Source: The Economist

Angela Merkel may sound tough on Donald Trump, but her country still depends on America

IF HELMUT KOHL, the deceased chancellor whom Germany commemorated in a ceremony on July 1st, could have looked up from his coffin to assess his country’s global standing, it would have made him proud. European and Chinese leaders were passing through Berlin for preparatory talks ahead of the annual G20 summit of large economies, which this year takes place in Hamburg from July 7th. A week earlier Angela Merkel lambasted the isolationism and protectionism of Donald Trump’s America in a speech to the Bundestag. Once Mr Kohl’s protégée, the chancellor of his reunified Germany is sometimes dubbed the “leader of the free world” in the Anglo-Saxon media.

Yet such epithets get things wrong. To understand why, look at Germany’s relations with Africa, Poland and America. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , , | Leave a Comment »

As America quits, Europe tries to lead on climate change

Posted by hkarner - 8. Juli 2017

Date: 06-07-2017
Source: The Economist

The G20 will test whether the world can implement the Paris emission accords

CAN Europe carry the Paris agreement on climate change forward now that America has left? That was one of the big questions as leaders of the world’s largest economies gathered for the G20 meeting in Hamburg on July 7th and 8th. Donald Trump’s promise that America will pull out has weakened the deal. Many fear that other countries’ future pledges to cut greenhouse-gas emissions will be less ambitious without the world’s second-largest polluter (after China) doing its share.

Yet America’s departure has galvanised China, which promotes itself as a champion of the deal—and Europe, which thinks itself in the vanguard of greenery. If they remain staunch, reluctant converts such as Saudi Arabia and Turkey are more likely to stay the course. The G20 meeting was just beginning as The Economist went to press, but laying out the next steps for the agreement was on the agenda. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , , , | Leave a Comment »