Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Posts Tagged ‘Germany’

Deutschlands Unfähigkeit lähmt Europa

Posted by hkarner - 16. Februar 2020

Date: 14‑02‑2020

Source: Die Welt Von Clemens Wergin

Im Interview mit der „Financial Times“ betonte Merkel das Interesse Deutschlands an einer guten Beziehung zu den USA: „Und wenn es in unserem Interesse liegt, dann müssen wir natürlich auch unsere Beiträge dazu leisten.“

Der Einfluss des Westens in der Welt sinkt. Autoritäre Regime wie in Moskau und Peking breiten sich aus – und bedrohen Europas Zusammenhalt. Deutschland aber weigert sich, geostrategische Herausforderungen als solche überhaupt anzuerkennen.

Sicherheitsexperten sind nicht bekannt dafür, sprachlich besonders kreativ zu sein. Das hat die Macher der Münchner Sicherheitskonferenz nicht davon abgehalten, einen neuen Begriff zu kreieren, um den Ernst der Lage zu verdeutlichen: „Westlessness“. Das englische Wort bezeichnet ein doppeltes Schwinden. Den Rest des Beitrags lesen »

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Europe Needs a DARPA

Posted by hkarner - 7. Februar 2020

Date: 06‑02‑2020

Source: Project Syndicate by Dalia Marin

Dalia Marin is Chair of International Economics at the University of Munich and a research fellow at the Centre for Economic Policy Research. 

Germany needs an industrial revival of the sort it experienced in the late nineteenth century, but this will be possible only if the state offers technological backing to German companies. The US government’s successful Defense Advanced Research Projects Agency should serve as a model for Germany and Europe to follow.

MUNICH – The mood in Germany is bleak, and not just because of the country’s current economic slowdown. Long famed for its engineering know‑how and high‑quality industrial products, the German economy is now in danger of falling behind as software and data become increasingly crucial to future prosperity.

And the recent news that US technology company Apple is now worth more than the entire DAX index of 30 leading German companies has no doubt deepened the gloom among business leaders and policymakers. If German firms don’t adapt quickly, some may struggle to survive. Den Rest des Beitrags lesen »

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Deutschland AG rethinks workers’ role in management

Posted by hkarner - 4. Februar 2020

Date: 02‑02‑2020

Source: The Economist

As the idea of “co‑determination” gains fans elsewhere, its birthplace is having second thoughts

One hundred years ago, on January 13th 1920, thousands took to the streets of Berlin, waving red flags and chanting slogans demanding more power for workers as lawmakers in the Reichstag debated a bill on works councils. Placards called, in Gothic script, for volle Mitbestimmung. The “full co‑determination” the protesters desired amounted to nothing short of an equal say for workers and bosses in company management. The security police killed 42 and injured more than 100 in the young Weimar Republic’s bloodiest episode to date. Friedrich Ebert, the president, declared a state of emergency.

In the past century German bosses, long opposed to the idea, have made their peace with it. Co‑determination has become a defining feature of German capitalism. And an appealing one, across the West’s political spectrum. France’s centrist president, Emmanuel Macron, mutters about wanting more of it. Theresa May set up a commission to look into how it might work in Britain while she was the Conservative prime minister. Most volubly, Elizabeth Warren, a progressive senator from Massachusetts vying for the Democratic presidential nomination, has a bill that would, among other things, reserve 40% of board seats of companies with revenues over $1bn for workers’ representatives. Many Americans wouldn’t mind; Civic Analytics, a data firm, finds majorities of both Democratic and Republican voters in favour of allowing employees at big firms to elect representatives to the board of directors. Den Rest des Beitrags lesen »

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A Stronger Germany Could Save Europe

Posted by hkarner - 29. Januar 2020

Date: 28‑01‑2020

Source: The Wall Street Journal By Walter Russell Mead

Angela Merkel’s likely successor wants more defense spending and overseas deployments.

German Defense Minister Annegret Kramp‑Karrenbauer

It’s time for Berlin to take a more assertive stance in world affairs—that’s the opinion of German Defense Minister Annegret Kramp‑Karrenbauer. Ms. Kramp‑Karrenbauer is the heir apparent to Chancellor Angela Merkel and replaced her in 2018 as party chairman for the Christian Democratic Union. This soft‑spoken woman, known as AKK, told me her views on Germany’s position in world politics in an interview here last week and a follow‑up exchange of emails.

Germany, and for that matter Europe, can no longer go on in the old way, she said. In a new international reality marked by the “return of great‑power competition for spheres of influence and supremacy,” Germany “cannot just wait for others to act. . . . We must develop our own concepts, present our own options. . . . It is our duty as Germans, and it is very much in our own interest, to join in these international debates, to drive them forward, to play a part in protecting the international order.”

Since becoming defense minister last summer, AKK has been making waves, most notably when she delivered a speech in Munich last fall that called on Germany to raise military spending gradually to 2% of gross domestic product and urged Germans to consider deployments as far afield as the Sahel and the Indo‑Pacific. Germany already has about 1,000 troops in Mali as part of the United Nations peacekeeping mission there. Den Rest des Beitrags lesen »

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Germany’s Luxury Car Makers Lose their Shine

Posted by hkarner - 24. Januar 2020

Date: 23‑01‑2020

Source: The Wall Street Journal

Increased competition, legal woes and the push toward electric vehicles hit profits at Daimler, Volkswagen, BMW and Audi

Daimler—owner of the Mercedes‑Benz brand—issued its third profit warning in nine months and said profits fell nearly 50% last year.

BERLIN—After decades of churning out huge profits and setting the standard for premium cars, Germany’s top luxury auto makers are on the retreat, hurt by increased competition, allegations of foul play and tech‑heavy upstarts. 

The combination of forces hitting the German premium brands was on display Wednesday, when Daimler AG  —owner of the Mercedes‑Benz brand—issued its third profit warning in nine months and said profits fell nearly 50% last year. In addition, Tesla Inc. overtook Volkswagen AG as the world’s No. 2 most valuable auto maker. Den Rest des Beitrags lesen »

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Die nächste Dekade stellt die Weltwirtschaft auf den Kopf

Posted by hkarner - 10. Dezember 2019

Date: 09‑12‑2019

Source: Die Welt Von Frank Stocker

Asia, China, Hong Kong, A man wearing a back pack, stands on a high elevated rocky viewpoint on Victoria Peak, overlooking the Hong Kong skyline at dawn, looking out over the illuminated city as the night transforms into early in the morning.

In der nächsten Dekade wird sich die Rangliste der wichtigsten Volkswirtschaften fundamental verändern. Die Bundesrepublik riskiert, zwischen zwei Fronten zu geraten. Zwar gäbe es einen Ausweg, doch Experten zweifeln an Deutschlands Fähigkeiten.

Nur noch wenige Wochen, dann beginnt ein neues Jahrzehnt. Die Zwanziger des letzten Jahrzehnts waren eine Zeit des Aufschwungs und wurden daher später als „die Goldenen Zwanziger“ bezeichnet. Zugleich begann damals aber auch der Übergang des globalen wirtschaftlichen Machtzentrums vom britischen Empire auf die USA.

New York etablierte sich als zweiter wichtiger Finanzplatz, von dem dann am Ende des Jahrzehnts die Schockwellen des großen Börsencrashs mit all seinen Folgen ausgingen. Ob die Zwanziger auch diesmal golden werden, ist ungewiss. Sicher ist jedoch, dass sich in der kommenden Dekade erneut ein Führungswechsel in der Weltwirtschaft vollziehen wird.

China wird die USA überholen, und die Konkurrenz der beiden Mächte wird die Welt vor eine Zerreißprobe stellen. Deutschland wird darunter besonders leiden. Zugleich werden weitere Machtzentren in Ländern entstehen, die bisher kaum jemand im Auge hat.

Seit Jahrzehnten sind die USA die größte Volkswirtschaft der Erde, im vergangenen Jahr betrug die Wirtschaftsleistung rund 20,5 Billionen Dollar, Chinas Bruttoinlandsprodukt lag bei rund zwei Dritteln davon. Allerdings: Vor zehn Jahren umfasste Chinas Wirtschaftskraft weniger als ein Drittel jener der USA, das Reich der Mitte wächst wesentlich schneller.

Den Rest des Beitrags lesen »

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Merkel’s Coalition Government Faces Test Over Huawei Dispute

Posted by hkarner - 25. November 2019

Date: 24-11-2019
Source: The Wall Street Journal

Chancellor is in favor of allowing Huawei to supply components for Germany’s next-generation 5G internet

LEIPZIG, Germany—Chancellor Angela Merkel was handed a damaging defeat at her party’s annual convention over her plans to allow China’s Huawei Technologies Co. to build Germany’s next-generation 5G mobile network.

The dispute within Ms. Merkel’s party threatens to further destabilize Germany’s fragile coalition government ahead of the final decision on opening the 5G market to foreign bidders.

Ms. Merkel is in favor of allowing Huawei to supply components for Germany’s next-generation 5G internet, but rebels within her Christian Democrats tabled a motion Saturday demanding the exclusion of bidders from countries where governments could exert influence over private companies. Den Rest des Beitrags lesen »

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Germany Is Shirking Its EU Responsibilities

Posted by hkarner - 24. November 2019

Date: 23-11-2019
Source: DER SPIEGEL by Dirk Kurbjuweit

Germany used to be passionately pro-European, with the EU facilitating the country’s postwar return to the international community. These days? Not so much. And Berlin’s passivity is becoming dangerous.

German Chancellor Angela Merkel

If the Germans were once the most committed, most passionate Europeans, they are today among the most half-hearted. Despite spending decades after World War II as the greatest beneficiary of the European idea, slowly shedding its pariah status, Germany is now extremely focused on its own interests. Even worse, though, is the fact that German politicians are no longer paying much attention to Europe at all. They are simply letting things take their course, playing catch up or just standing by and watching what happens next. It’s as if they are unable to recognize what is at stake.

A battle is underway in Europe and the U.S. for the future of liberal democracy. In the U.S., that fight is primarily focused on Donald Trump. In Europe, the situation is more multifaceted and less obvious, but no less dangerous. And as the strongest economy on the Continent, Germany should be on the front lines of that fight. Instead, the country is doing nothing to carry its weight, hunkering down in the middle of Europe seemingly with no idea what to do. Den Rest des Beitrags lesen »

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Why Germany sticks to strict budget rules despite a slowdown

Posted by hkarner - 15. November 2019

Date: 14-11-2019
Source: The Economist

Don’t expect the government to splurge

Rarely do germans celebrate such measly growth. But the country had spent so long fearing a slide into recession that even its third-quarter expansion of 0.1%, announced on November 14th, felt like a success. After the economy shrank by 0.2% in the second quarter, strong domestic demand and a surprisingly good export performance were enough to avoid Germany’s first technical recession since 2013. Still, the country’s long boom, in which well over 4m jobs have been created in ten years, is plainly over.

The fear of looming recession has revived a familiar debate in Germany: should the government spend more to ward off danger? Under the so-called schwarze Null (“black zero”) policy, Germany’s budget has been in surplus since 2014. Last year, aided by booming employment and low debt-service costs, it ran to a whopping 1.9% of gdp. In some quarters the black zero has acquired an almost fetishistic quality. Visitors to a wing of the finance ministry in the state of Hesse can marvel at “Null” (2016), an installation of interlocking black aluminium circles suspended from the ceiling. Den Rest des Beitrags lesen »

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Will Tesla and Google Kill the German Car?

Posted by hkarner - 6. November 2019

Date: 05-11-2019
Source: DER SPIEGEL.

The End of an Era

Threatened by entrepreneurs in California and by Chinese upstarts, German automakers are urgently trying to find their place in a new world of robots and electric cars. BMW, Daimler, Audi and VW set the standards for a century but have now fallen behind.

Germany Faces the Electric Car

History will be written on Nov. 4 at the VW plant in Zwickau, Germany. Anyone lucky enough to recently visit the factory, which is sealed behind blue rolling doors, entered into a secret world, a hidden industrial laboratory to which only a few Volkswagen employees have access. In its „ghost run,“ or test operation, orange-colored robots run by highly complex programs and aided by humans and machines assembled eight electric model-ID.3 cars per day for testing purposes. Serial production is now set to begin on Nov. 4. Depending on how you see it, this marks either the beginning or the end of an era.

In the future, 1,500 electric Volkswagen cars are to roll off the assembly line at the plant in the eastern state of Saxony every day, a total of 330,000 vehicles every year, in what the company describes as the „largest and most efficient electric car factory in Europe.“ The designers of the new compact, C-class ID.3 want to make it a 21st century icon, just as the VW Beetle and VW Golf were in their heydays. That’s advertising language, of course, but even from a neutral perspective, it is difficult to overestimate the significance of what is happening: In Zwickau, Volkswagen is ringing the death knell for the combustion engine. By 2040, VW plans to cease manufacturing all cars that run on gasoline or diesel fuel. It’s the end of an era.

And what a momentous era it was. It lasted over 100 years, and was shaped in decisive ways by German inventors and engineers — courageous entrepreneurs, visionary designers and highly competent, skilled workers. During this era, German automobiles became the epitome of the highest quality workmanship around the world. A time when Volkswagen, Mercedes-Benz, BMW, Porsche and Audi, and the objects of global prestige they produced, became ambassadors for Germany. Their finely tuned engines were models for industrial excellence. German cars were considered „das Auto“ par excellence and Audi’s advertising slogan „Vorsprung durch Technik“ (Progress through technology) became one of the few German terms actually known in English. Den Rest des Beitrags lesen »

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