Allgemein

Krise bei Volkswagen gefährdet Jobs

Die Strafzahlungen werden noch das kleinste Übel für VW sein. Der Imageschaden wird VW nicht nur in den USA, sondern weltweit teuer zu stehen kommen. Damit werden Jobs, nicht nur bei VW, sondern auch bei vielen Zulieferern gefährdet sein. Auch andere deutsche Exporteure könnten die Konsequenzen zu spüren bekommen, denn VW war bisher ein Aushängeschild für Produkte „Made in Germany“. Es muss nun dringend um Schadensbegrenzung  für VW und für deutsche Exporteure allgemein gehen.… [weiterlesen]

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Allgemein

The German locomotive has become Europe’s liability

This article was first published on ft.com on 27 August 2014.

The news that German output declined in the second quarter has dented the country’s economic euphoria, but only a little.

Many blame the Ukraine crisis and transient factors such as the mild winter, and believe that Europe’s largest economy remains fundamentally strong. They are wrong. Germany’s disappointing performance mostly reflects structural weaknesses, both at home and in the eurozone. Policy makers should act quickly, before the problems become further … [weiterlesen]

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Allgemein

The Costs for Germany if the Eurozone Collapses

This article first appeared in the Autumn 2013 issue of Europe’s World (www.europesworld.org).

It’s not a message that public opinion in Germany wants to hear, but a collapse of the EU’s troubled single currency would have devastating economic, financial and political consequences for the eurozone’s largest and most successful member.

Germans have long been among the most europhile of countries, but their mood is turning against Europe and its common currency, the euro. There’s now an openly anti-euro … [weiterlesen]

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Allgemein

Scapegoating Germany is easy but wrong

The most terrifying words in the English language, according to Ronald Reagan, are: “I’m from the government and I’m here to help.” Today, for some Europeans, they are: “I’m from the EU and I’m here to bail you out.”

Germany and the single currency have been made scapegoats for the problems of member states and for Europe’s inability to overcome the continent’s financial and economic crises. Berlin is accused of lacking solidarity, imposing contractionary policies and gaining competitiveness at … [weiterlesen]

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