Tag: rescue parachute
Luxembourg’s Pierre Gramegna becomes the new ESM boss
Pierre Gramegna From the start, there was no doubt about Pierre Gramegna’s abilities. He was Minister of Finance in Luxembourg for eight years until his resignation in 2021. (Photo: Bloomberg)…
Without quick help, many municipal utilities are threatened with collapse – feared a domino effect
Employees of Stadtwerke Munich Municipalities and the energy industry are demanding state aid for municipal utilities. (Photo: dpa) Berlin The financial situation of many municipal utilities and regional suppliers has…
Without quick help, many municipal utilities are threatened with collapse – feared a domino effect
Employees of Stadtwerke Munich Municipalities and the energy industry are demanding state aid for municipal utilities. (Photo: dpa) Berlin The financial situation of many municipal utilities and regional suppliers has…
Federal Audit Office: Energy defense shield possibly unconstitutional
Olaf Scholz The Chancellor had promised a “double boom” to combat the consequences of the energy crisis. (Photo: AP) Berlin The Federal Court of Auditors doubts the constitutionality of the…
Klaus Regling, the “Mister Euro-Rescue” says goodbye
Klaus Regling The long-standing ESM director is leaving. (Photo: imago/GlobalImagens) Klaus Regling goes as he came: quietly, without making a fuss. As a farewell gift, the finance ministers in the…
The China Crash – Morning Briefing Plus
When it came to China, the story was told for a long time about a tightly organized country that planned its rise with great foresight and like a military commander.…
China’s economic model in crisis – Morning Briefing Plus
Europe is revolving around itself. And that is only understandable given the major risks: the war in Ukraine, dependence on Russian energy supplies and record inflation. “Something is changing very…
We don’t need a new rescue package for the euro zone
euro coin Ironically, in times of war, Europe’s means of combating the economic crisis are largely exhausted. (Photo: dpa) It’s been ten years since the euro crisis reached its peak.…
Rescue fund calls for new mega protective shield for the euro
Klaus Regling The long-standing head of the ESM is open to reforming the fund at the end of his service. (Photo: AP) Klaus Regling has been one of the most…
Euro rescue fund, EIB and Co.: End of German financial rule
Berlin, Brussels The starting position is difficult for Chancellor Olaf Scholz (SPD) and Finance Minister Christian Lindner (FDP). The most important European financial authorities are still headed by Germans: Elke…