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Watch Germany

August 08, 2018, 02:38:10 am suzytr says: Hello, any good churches in the Sacto, CA area, also looking in Reno NV, thanks in advance and God Bless you Smiley
January 29, 2018, 01:21:57 am Christian40 says: It will be interesting to see what happens this year Israel being 70 years as a modern nation may 14 2018
October 17, 2017, 01:25:20 am Christian40 says: It is good to type Mark is here again!  Smiley
October 16, 2017, 03:28:18 am Christian40 says: anyone else thinking that time is accelerating now? it seems im doing days in shorter time now is time being affected in some way?
September 24, 2017, 10:45:16 pm Psalm 51:17 says: The specific rule pertaining to the national anthem is found on pages A62-63 of the league rulebook. It states: “The National Anthem must be played prior to every NFL game, and all players must be on the sideline for the National Anthem. “During the National Anthem, players on the field and bench area should stand at attention, face the flag, hold helmets in their left hand, and refrain from talking. The home team should ensure that the American flag is in good condition. It should be pointed out to players and coaches that we continue to be judged by the public in this area of respect for the flag and our country. Failure to be on the field by the start of the National Anthem may result in discipline, such as fines, suspensions, and/or the forfeiture of draft choice(s) for violations of the above, including first offenses.”
September 20, 2017, 04:32:32 am Christian40 says: "The most popular Hepatitis B vaccine is nothing short of a witch’s brew including aluminum, formaldehyde, yeast, amino acids, and soy. Aluminum is a known neurotoxin that destroys cellular metabolism and function. Hundreds of studies link to the ravaging effects of aluminum. The other proteins and formaldehyde serve to activate the immune system and open up the blood-brain barrier. This is NOT a good thing."
September 19, 2017, 03:59:21 am Christian40 says: bbc international did a video about there street preaching they are good witnesses
September 14, 2017, 08:06:04 am Psalm 51:17 says: bro Mark Hunter on YT has some good, edifying stuff too.
September 14, 2017, 04:31:26 am Christian40 says: i have thought that i'm reaping from past sins then my life has been impacted in ways from having non believers in my ancestry.
September 11, 2017, 06:59:33 am Psalm 51:17 says: The law of reaping and sowing. It's amazing how God's mercy and longsuffering has hovered over America so long. (ie, the infrastructure is very bad here b/c for many years, they were grossly underspent on. 1st Tim 6:10, the god of materialism has its roots firmly in the West) And remember once upon a time ago when shacking up b/w straight couples drew shock awe?

Exodus 20:5  Thou shalt not bow down thyself to them, nor serve them: for I the LORD thy God am a jealous God, visiting the iniquity of the fathers upon the children unto the third and fourth generation of them that hate me;
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Author Topic: Watch Germany  (Read 1481 times)
Psalm 51:17
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« on: June 10, 2012, 09:09:31 pm »

German industry is preparing for Euro-Crash

(google translation)


Contingency plans for a Greek Euro-exit in German companies are in demand as never before. Many move from their capital as a precaution, some even before getting ready for a collapse of the euro zone.

The Greeks may be left after the parliamentary election on Sunday, the euro zone - with incalculable consequences for the currency area and the entire world economy. The fact that the Spanish banking sector is rescued in time, before its collapse, exploding the monetary union is possible, but not guaranteed.

And even if the immediate problems are solved - there remain fundamental problems. "So, how does it at the moment, do not make monetary union work long term," said Bundesbank President Jens Weidmann, "Welt Online".

German economy is attracting capital from countries in crisis

The German economy is meanwhile also preparing for a disaster scenario, the newspaper result research at companies, consultancies and law firms.

"Advice for a euro exit of Greece or other aggravations of the crisis are extremely popular right now," says Linklaters partner Andreas Steck. Linklaters is currently scheduled in Germany alone, about 20 lawyers on this issue.

"Some companies are trying their liquid funds from the crisis countries as far as possible, be deducted in order to avoid the risk that the assets are converted to a euro exit suddenly as in drachma," said Steck.

"Especially after the first cargo insurers have started exports to Greece can no longer assure the uncertainty is increased again," says Max Falkenberg, a partner at Roland Berger Strategy Consultants. "It's like a company that is on the verge of bankruptcy. One has to be extremely careful with all kinds of contracts and attempts to minimize the risks, where it goes"

Companies get emergency plans from the drawer

At the start of the euro crisis, more than two years ago, many German companies are still content to prepare emergency plans - so they can be put in the drawer. Meanwhile, companies have begun to clean out.

"Most companies do not wait for it escalates further," says Thomas Poppensieker, who is responsible in Germany for the McKinsey consulting in risk management. "They long look at how they exposed to various countries like Spain and how the individual partners are exposed there."

There is also high time suppose Maximilian von Rom, a partner at chambers Gleiss Lutz: "When the crisis escalated, and a company must first get its contracts from the basement, then it has lost valuable time."

Meanwhile, not only Greece is in focus. "Also with regard to other euro-zone members like Spain and Italy, companies try to minimize their risks," says Daniel Stelter, a partner at Boston Consulting Group (BCG).

A South German conglomerate confirmed "Welt Online" sub rosa, that the finance department daily in the central control, the evolution of the Spanish subsidiary account balances, money that is not necessarily used in Spain, is withdrawn.

Lost Euro business compensate elsewhere

"The precautions consist of companies such as the fact that Southern partners is shorter payment terms," ​​adds Ilja Nothnagel, foreign trade expert at the German Industry and Commerce board of trade (DIHK). Among the companies which have acted according to its own way is Adidas one of them.

A particular problem is the information technology. No one tell if booking systems would continue to do their work reliably if the euro would replace a large number come from other currencies, says Michael Kliger, a trade expert with the consulting firm Accenture. He tells of a large German trading company that is already prepared for it - and "now so far is that it could work in a very short time with a variety of currencies in Europe."

And finally there are very different questions: how to cut costs in the case of the case, how to win new markets? "Many German companies, there is a reaction to the resurgence of the euro crisis in the fact that you consider how the lost business can be compensated in the crisis countries outside the euro zone," said Anton Börner, president of the Greater Foreign Trade Association and BGA.

And as Börner, so keeps Harald Völker, chief financial officer of machinery and equipment manufacturer Trumpf, conceivable that Europe's economy "gets a whole in choppy waters." Then, the manager said, "and we must and want to be prepared."

And so Völker has calculated, from which emerging new savings programs are needed and capacity must be reduced. It is not yet ready. But the jobs in the sector of the euro zone were already at least 17 percent below last year's level. An end of the downturn is not in sight.

« Last Edit: June 10, 2012, 09:16:04 pm by BornAgain2 » Report Spam   Logged

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