FRANKFURT | By Lidia Conde | German people continue feeling they have to suffer the consequences of Greeces’s mistakes when figures say that Greek are twice as rich as they are as regards housing ownership. They want to help their southern neighbours with something else than money: economy and finance know-how to ease them of the severe adjustments derived from crisis.
Articles by Lidia Conde
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FRANKFURT | By Lidia Conde | What happens when the supervisory board in a company discovers that its president conceals his intentions of improving the relationship with the political power by hiring Angela Merkel’s “man of confidence”? That’s what has happened in Deutsche Bahn, the German railway, whose supervisory board learned from the press that Ronald Pofalla (Merkel’s cabinet chief barely two weeks before) was joining the governing board.
FRANKFURT | By Lidia Conde | The oldest German private bank, Bankhaus Metzler, was founded in 1674 and is managed by Friedrich von Metzler. Emmerich Müller is partner and member of the Executive Board, and he believes that private banking and heritage conservation for generations are key questions in a country with a rich heritage and a large number of wealthy people.
FRANKFURT | By Lidia Conde | We saw it coming: today nobody could beat Merkel. No other candidate had won all the opinion polls. The victory of the CDU/CSU with a 42% of votes (according to polls on Sunday), is mainly due to the Chancellor’s charisma. In these times of economic uncertainty, Germans have shown that they do not want experiments nor surprises. She has won the elections saying that Germany is doing well and this Government is the best. No matter whether this is truth or not- the message has passed.
MADRID / FRANKFURT | By Tania Suárez and Lidia Conde | Practically all eyes are on the German elections of September 22 since apparently the future of all Europe lies on those results. However, German political parties have dodged the issue of the economic crisis in order to sell an image of an almighty Germany. Chancellor Angela Merkel represents the perfect German: an ordinary, accessible, hardworking woman concerned about her country. The perfect candidate for Germany… or not.
FRANKFORT | What are the ingredients of that Germany’s economic magic potion? There is one worth bearing in mind: the dismantling of the social welfare.
FRANKFORT | Frankfurter Allgemeine Zeitung‘s editor Frank Schirrmacher: “What sovereign rights and competences do we have to transfer, also Germany, to build a strong continent? Europeans will have to decide what price are we ready to pay for a cooperative Europe.”
During the rest of the year, the Ibex should improve its performance against the SMC, according to BNP Paribas broker.
Klaus Hafemann, director of the Cologne Institute for Economic Research: “Almost no German likes the idea that the ECB could expand its monetary-policy mandate to actively finance states. But sometimes you have to do things you do not like.”
“From 2010 till now German industry has made great business and has recorded excellent benefits. Many companies thought this was going to go on forever. It is not.” The words of Berthold Huber, president of the powerful IMF union.