Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Posts Tagged ‘Germany’

Germany’s Hour

Posted by hkarner - 19. September 2017

Robert Skidelsky, Professor Emeritus of Political Economy at Warwick University and a fellow of the British Academy in history and economics, is a member of the British House of Lords. The author of a three-volume biography of John Maynard Keynes, he began his political career in the Labour party, became the Conservative Party’s spokesman for Treasury affairs in the House of Lords, and was eventually forced out of the Conservative Party for his opposition to NATO’s intervention in Kosovo in 1999.

For the European Union to work, its strong members must be prepared to show solidarity with its weak members. And as long as Germany, the strongest of them all, opposes creating some mechanism to realize this imperative, the EU will limp from crisis to crisis – probably shedding members along the way.

Germany is the EU’s most populous state and its economic powerhouse, accounting for over 20% of the bloc’s GDP. Determining why Germany has been so economically successful appears to be elusive. But three unique features of its so-called Rhineland model stand out. Den Rest des Beitrags lesen »

Advertisements

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

Posted by hkarner - 17. September 2017

Date: 16-09-2017
Source: DER SPIEGEL.
Subject: German Auto Giants Face an Existential Challenge

The Arrival of Tesla

BMW, Daimler and Volkswagen have been struggling to adapt to the advent of the electric car, held back by conservatism and internal challenges. Now, Tesla is making inroads in Germany — and the country’s automakers face an uncertain future.

At the start of this year, Karl-Thomas Neumann was planning a minor revolution. His plan was to transform German carmaker Opel, known for basic models like the Astra and the Corsa, into a purely electric brand. Electric cars were to be designed at Opel’s R&D center in Rüsselsheim, near Frankfurt, destined for the world market.

As the head of Opel at the time, Neuman was convinced that the end of the internal combustion engine was closer than many believed. He now hoped he could bring the necessary technology to Germany. Den Rest des Beitrags lesen »

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

Berlin and Paris Dance Carefully Around Deepening the Eurozone

Posted by hkarner - 16. September 2017

Date: 15-09-2017
Source: The Wall Street Journal

Germany wants to appear open to Macron’s ambitious plans, but officials harbor big doubts

French President Emmanuel Macron and German Chancellor Angela Merkel

BERLIN—Behind renewed professions of love between France and Germany, differences brewing over the euro’s future could spoil the romance.

French President Emmanuel Macron is pushing for the most ambitious deepening of ties among European countries since the Maastricht Treaty that put the continent on the road to the common currency. Germany thinks the euro isn’t broken and doesn’t need much fixing.

As Germany heads toward its elections on Sept. 24, Mr. Macron has stepped up his calls for deeper political union among the 19 members of the eurozone. “A currency zone cannot function durably without a common budget that can cope with economic shocks and encourage convergence between our economies by supporting investment projects in those countries that need them most,” Mr. Macron told Greek newspaper Kathimerini during a visit to Athens last week. Den Rest des Beitrags lesen »

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

Umrüstung: Deutsche Autobauer verkünden Elektrooffensive

Posted by hkarner - 13. September 2017

Date: 11-09-2017
Source: Spiegel

Bald soll es nur noch Elektroautos auf Europas Straßen geben – zumindest wenn es nach Deutschlands größten Autobauern geht. Bis 2020 soll etwa Smart komplett umgerüstet werden. Auch Daimler investiert.

Der Autobauer Daimler will seine Kleinwagenmarke Smart komplett auf elektrische Antriebe umstellen. Bis 2020 solle es in Europa und Nordamerika nur noch Elektro-Smarts geben, der Rest der Welt solle kurz darauf folgen, sagte Vorstandschef Dieter Zetsche.

„Damit wird Smart die erste Automobilmarke, die konsequent vom Verbrenner-Portfolio auf ein reines Elektro-Portfolio umsteigt“, sagte Zetsche. Er kündigte außerdem an, bis 2022 das komplette Autoangebot auch mit Elektroantrieben zur Verfügung zu stellen: „Wir planen hier mit mehr als 50 elektrifizierten Fahrzeugvarianten.“ Den Rest des Beitrags lesen »

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

Germany After the Hartz Reforms: Can the SPD Protect German Labor?

Posted by hkarner - 13. September 2017

Date: 12-09-2017
Source: Foreign Affairs

The odds were always stacked against Martin Schulz, the Social Democratic Party (SPD) challenger to German Chancellor Angela Merkel in the forthcoming election. Europe’s largest economy is doing so well that voters are simply reluctant to change leaders. After all, in 2005, when Merkel and her Christian Democrats (CDU) took over, German unemployment stood at 11 percent; economic growth had been practically zero for four years running; the fiscal deficit remained stubbornly above 3 percent, the limit set by Europe’s fiscal rules; and public debt was rising. Today, after 12 years—ones that brought financial, euro, and refugee crises—Germany is at full employment, the economy and wages are growing steadily if not impressively, and the German government is running a budget surplus, thus causing public debt to fall fast.

Merkel has never claimed credit for that economic recovery. She did something craftier: she gave credit to her SPD predecessor, Gerhard Schröder, and his package of labor market and benefits reforms that was entitled “Agenda 2010” but is widely known as the “Hartz Reforms.” She knew, of course, that these reforms implemented in the early and mid-2000s remained highly unpopular among left-leaning voters and SPD members. By supporting the narrative that it was these reforms that turned the sick man of Europe into an economic powerhouse, Merkel put the SPD in a terrible bind: it could agree with her and claim credit for the recovery by sticking with the unpopular reforms, or it could promise to roll back the legislation and get blamed for putting Germany’s economy at risk. Den Rest des Beitrags lesen »

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

Why Angela Merkel deserves to win Germany’s election

Posted by hkarner - 10. September 2017

Date: 07-09-2017
Source: The Economist
Subject: Unfinished business in Berlin

And why she must become bolder in her (almost inevitable) fourth term

TO HER many fans, Angela Merkel is the hero who stands up to Donald Trump and Vladimir Putin, and who generously opened her country to refugees. To others, she is the villain whose ill-thought-out gamble on immigration is “ruining Germany”, as Mr Trump once put it, and whose austerity policies laid waste to southern Europe.

The fans are closer to the truth. Her country has indeed done well under her leadership and the world been better for her steady hand. But during three terms in office, Mrs Merkel has not done enough to prepare Germany for the future. If her many years at the top are to be viewed as more than merely sufficient, she must use her fourth term to bring about change.

A steady hand in a turbulent world
There is little doubt that Mrs Merkel and her Christian Democratic Union are coasting towards victory when Germany votes on September 24th. That is partly owing to the lacklustre Martin Schulz, her Social Democratic Party (SPD) rival. His party’s domestic policy is undistinctive and his foreign policy barely credible. He has also failed to put the chancellor on the spot. Their debate on September 3rd was more like the negotiation of a new “grand coalition” than a clash of ideas. Den Rest des Beitrags lesen »

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

Germany’s Transition from Coal to Renewables Offers Lessons for the World

Posted by hkarner - 7. September 2017

Date: 06-09-2017
Source: Scientific American

How to retrain coal miners and create new jobs

August 1, 2017—Seventy-seven-year-old Heinz Spahn—whose blue eyes are both twinkling and stern—vividly recalls his younger days. The Zollverein coal mine, where he worked in the area of Essen, Germany, was so clogged with coal dust, he remembers, that people would stir up a black cloud whenever they moved. “It was no pony farm,” he says—using the sardonic German phrase to describe the harsh conditions: The roar of machines was at a constant 110 decibels, and the men were nicknamed waschbär, or “raccoons,” for the black smudges that permanently adorned their faces.

Today, the scene at Zollverein is very different. Inside the coal washery where Spahn once worked—the largest building in the Zollverein mining complex—the air is clean, and its up to 8,000 miners have been replaced by one-and-a-half million tourists annually. The whole complex is now a UNESCO world heritage site: Spahn, who worked here as a fusion welder until the mine shut down on December 23, 1986, is employed as a guide to teach tourists about its history. “I know this building in and out. I know every screw,” he says fondly. Den Rest des Beitrags lesen »

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

Anti-Brüssel-Stimmung Wie Polen aus der EU stolpern könnte 

Posted by hkarner - 4. September 2017

Polen profitiert von der EU wie kaum ein anderes Land. Trotzdem hetzt die Regierung gegen Brüssel. Sie macht damit einen Ausstieg wahrscheinlicher.

Samstag, 02.09.2017   15:56 Uhr 

Kanzlerin Merkel kommt zu Besuch und im Büro von Jaroslaw Kaczynski bricht Hektik aus. Der Chef der rechtsnationalen Regierungspartei PiS und sein Adjutant durchwühlen Regale und Schränke. Wo ist bloß die EU-Fahne geblieben? Schließlich finden sie den „Lappen“, wie sie sagen, in einem Gummistiefel, zerknittert und fleckig.

 Diese Szene hat nie stattgefunden, sie stammt aus der polnischen YouTube-Satireserie „Das Ohr des Präsidenten“. Aber, und das ist der Punkt: Sie wirkt in diesen Tagen nicht mal allzu sehr ausgedacht. Die EU steht nicht hoch im Kurs bei der Regierung in Warschau, seit ihrer Wahl vor zwei Jahren hat sie Polen in Europa isoliert. Die EU-Kommission lässt prüfen, ob die Regierung gegen die Werte der EU verstoßen hat, indem sie das Verfassungsgericht entmachtete und das Justizsystem umbaute. In der angeforderten Stellungnahme, die die polnische Regierung diese Woche der EU zustellte, zeigt sie keine Bereitschaft zum Einlenken. Möglicherweise verliert Polen am Ende sogar sein Stimmrecht im EU-Rat. Den Rest des Beitrags lesen »

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

German ‘Economic Juggernaut’ Sends Domestic Stocks Surging Above Exporters

Posted by hkarner - 3. September 2017

Date: 02-09-2017
Source: The Wall Street Journal

While a stronger euro weighs on Germany’s export champions, companies exposed to the domestic economy are having a stellar year

The German economy is famous as an export powerhouse–but this year, in the country’s stock markets, the companies closest to home are outperforming their internationally-focused peers by a mile.

The country’s flagship equity index, the DAX, is up by just 5% for 2017 so far. Meanwhile, the FTSE Local Germany has returned 23% since the year began.

The growing strength of the euro and the still-improving picture for the German domestic economy have both helped drive a wedge between the two indexes. Den Rest des Beitrags lesen »

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