Marked The case Hochtief just the beginning? Another German company will soon come into the sights of foreign investors who are looking for bargains in the international tender business? Probably yes – but whyThe management of Hochtief sees the relatively lax German takeover law as the core of the problem and calls for appropriate legislative changes. Readmore…
Has recently proposed to the Federal Treasury to widen the fiscal autonomy of municipalities is a local income tax surcharge. The municipalities currently receive 15 percent of the proceeds of income tax, but without being able to take even an influence on the tax burden. The Schäuble proposal now provides for lowering the rate of income tax collected nationally uniform to the extent that the lost tax revenue as accurately as possible to the communities previously accrued revenue from income tax equivalent. Readmore…
The bail-out of Greece € follows a subsidized loan for Ireland. The images are similar, but behind it hides three important differences.First went the Irish budget deficits – very different than the Greek – before the financial crisis almost never beyond the three percent limit. Instead, Ireland has been badly hit by the financial crisis particularly severely because its banking sector is very large relative to the rest of the economy and relative to its equity capital suffered particularly heavy losses. Readmore…
The history of European monetary union is of intense rhetoric about the stringency of fiscal discipline accompanied, without which such a union could not be stable. In this sense, it has developed sustainability criteria and calculated viable primary balances, debt limits are defined and differentiated, it has obliged the states to annual reports, stability and threatened them with sanctions. Readmore…
From the Bible we know of natural rhythm of seven fat and seven lean years. Also, the experience with the modern business world seems to confirm the eternal recurrence of an economic cycle, which, however, can not commit to the sacred number seven, and, moreover, a reliable calculation beyond. This unpredictability is an impertinence, which takes out the course of history towards the political-economic technocrats. Readmore…
The main trouble spot in the currency conflict has been for quite some time, the discussion between the U.S. and China on an appreciation of the renminbi, which had hitherto been more or less pegged to the U.S. dollar. The – the U.S. view – deliberate undervaluation of the Chinese currency is thus the reason for the high level of bilateral U. Readmore…
– To enlarge please click on the graphic -Source: Research Center IntergenerationalPAYG age fuses are particularly vulnerable to demographic changes. This also applies to the GRV. A low birth rate in decades and a steadily increasing life expectancy cause huge financial holes. Readmore…
The harsh criticism of the decisions of the European Council of 28 October is to ignore the considerable importance of the achievements. She makes some great Bohei about the same time points, has given way in which the German side – has given way as planned. Some of them have the coveted first in the form in which it was possible to reach, do not want to. Readmore…
The jubilation at the successful cooperation in the global monetary crisis management follows the concern about competitive devaluations. Brazilian Finance Minister Mantega has triggered fear of currency war, who would follow a trade war. World trouble spots flicker on the currency parities. China is accused of undervalued its currency to keep mercantilist. Readmore…