FRANKFURT | By Lidia Conde | Martin Gornig is deputy head of department of Firms and Markets at the prestigious German Institute for Economic Research (DIW) in Berlin. The Institute conducts a working group that advises the Minister of Economy Sigmar Gabriel with the idea of increasing investments in Germany. Gornig and his team released a report last summer on the possibility of stimulating growth in Europe without changing the Stability Pact. The proposal of DIW is to immediately mobilize the necessary investments “to boost growth in countries in crisis and avoid a new recession in the eurozone.” As France and Italy are demanding, the Institute bets on growth but warns that it should not be at the expense of a debt increase
Articles by Lidia Conde
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FRANKFURT | By Lidia Conde | What a relief! France is reinventing itself as it is Angela Merkel’s hope. However much Mr Draghi warns that the ECB will do whatever it takes to save the euro, all the fresh money in the bank will be useless unless “some members of the Eurozone” change their economic policy. This is Germany’s analysis of the Eurozone state.
FRANKFURT | By Lidia Conde | Is austerity at all costs killing us? Germany answers with a resounding “no.” Even though the North-South axis in the European policy is more present than ever, for Berlin “austerity does not punish.” On the contrary: it even purifies. Furthermore, the Stability Pact offers enough flexibility so as to boost growth. There is no room for revision or debate.
FRANKFURT | By Lidia Conde | Experts don’t agree about what can happen in the short and medium term in the Eurozone. The main critical voice is the president of Munich’s Ifo Institut, Hans-Werner Sinn, who believes that Europe is in a “resting phase” before the storm hits again. According to Germany, now is the time of the “Draghilogists”, i.e. those analysts who try to elucidate the ECB’s next step.
FRANKFURT | By Lidia Conde | Co-manager at Europe’s leading travel group TUI Oliver Dörschuck considers that “Spain is by far the most important tourist destination for TUI and its clients.” However, for him what matters most today is not the destination, but the hotel, which has to bring the best experience to the client.
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.
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.