Tag Archives: wolfgang schäuble

Merkel attacked the U.S. and praises China

HB BERLIN. Germany is hoping that the EU will catch on with the G20 meeting in Seoul with major demands. Chancellor Angela Merkel and Finance Minister Wolfgang Schäuble stressed on Wednesday just before their departure that they put on a settlement in the dispute over global imbalances in foreign exchange rates and exports – and the EU have a good chance to prevail with their positions because they speak with one voice .

The summit preparations had previously overshadowed by a fierce exchange of blows on the right track from the economic crisis. While the U.S. runs an expansionary monetary policy, the U.S. government also criticized the high export surpluses such as Germany and the Chinese policy of keeping the yuan artificially low. Merkel warned that the responses of the major economies must begin when the exit strategy, is unlikely to be too different. Behind this is the fierce attacks as the Europeans, but also many emerging economies of new major economic impulses of the U.S. government.

"No man can have interest in new bubbles," said Merkel, without the United States to call directly. "Growth in the global economy must be sustainable and lasting than a few years ago." Schäuble stressed that they wanted to help the U.S., given its difficult economic situation. "We are interested in a strong America." But this was not a one-way street. He recalled that the EU had also at the G20 summit in Toronto at that time around to its position, the crisis-induced deficits in half by 2013 again. "Now it becomes clear that Germany is (still) rather than growth engine brake."

Merkel also made clear where the red lines will be for Germany in the debate in Seoul. "We reject quantified range of acceptable imbalances," she said with a view to U.S. criticism of Germany’s high export surpluses. The competitiveness of different countries should also continue to express the export rates.

Merkel explicitly praised China’s role. "China tends to be a good companion for our household and € consolidation," she said. The Chinese leaders have shown by investing in Greece and visits to Portugal, that trust in the euro area. "China has a very strong interest in sending out a positive signal from the summit. China needs a sustainable growth."

The summit will be able to decide a number of important points, said Merkel. These new rules were for the future provision of capital banks. This was "a huge success," said Merkel. The question of how big banks could be handled in an emergency will be decided but probably only in 2011. Importance of a clear mandate einzubiegen in the final phase of the Doha world trade round. "Because the biggest threat to the world economy is currently protectionism."

Next year it will go under the French presidency of G20 therefore to establish a permanent role for the G20. The outstanding role Merkel for the body of the largest economies sees it, her comment made it clear this issue is the "government, or at least coordination in the world."

Barack Obama, meanwhile, arrived in Indonesia after his stay in South Korea. In the capital Seoul, he will attend the G20 meeting. Obama defended the recent flood of money the Fed against worldwide criticism. Many countries complain that the flood of liquidity declining exchange rate of the dollar and more on United States goods as an unfair competitive advantage.

South Korea is the third country to visit the U.S. president on his ten-day Asian trip. He arrived there in the early hours of Thursday (local time) one. Previously, Obama was in India and Indonesia, where he lived as a child four years. During his stay in Jakarta, the U.S. president has sought to relax between America and the Islamic world. both sides had to overcome "suspicion and mistrust," he said on Wednesday in the country with the world’s largest Muslim population. "I made it clear that America is not now nor in the future is at war with Islam," Obama said. It is true but to fight terrorism internationally. He also praised Indonesia’s efforts in the fight against violent extremism.

During his celebrated speech to about 6000 mostly young audience Obama wove always an individual sentences in Indonesian. Indonesia is a part of him, he said, such as the national language at the beginning of his speech, which turned unusually personal. He remembered the little house where he lived with his family, and the mango tree in front of the door.

Previously, Obama had visited with his wife Michelle, the largest mosque in Southeast Asia. When he lived 1967-1971 in the country is the Istiqlal mosque was still under construction, said the President. The time in Indonesia have helped him to recognize the worth of all people, because there the diversity of religions and peoples, spread over thousands of islands, is particularly large.

The tricky Mr Schäuble and his spokesman

HB BERLIN. On the technical competence of the 51-year-olds, there was no doubt. The question was rather how the low-key, friendly budget expert with a clear division chief Wolfgang Schäuble is like. It is clear that a close and trusting relationship between speaker and minister in such a central department is particularly important. It had held Schäuble predecessor with its usually speak.

But have also known this Offer must ensure that the paraplegic for 20 years Schäuble hard not only against themselves, but also harsh in dealing with its employees.

Offer has not done it in the one year to establish a sufficient basis for a trusting cooperation with Schäuble. This is necessary, however, if a minister wants his messages and goals in the public also arrive. During the hospitalization, it was nevertheless Offer to sell his boss, despite the many failures as a powerful minister, who also ruled from the sick bed of further firming.

Offer professional is more than fit. The financial expert had already spent many years working in the Finance Ministry before joining the Union Group in the Bundestag moved. Offer there was the team of the then fiscal policy spokesman, Steffen Kampeter (CDU), the Parliamentary Secretary, today is Schäuble.

Schäuble-outburst draws withdraw after the

The spokesman for Finance Minister Wolfgang Schäuble (CDU), Michael Offer, has resigned. He moves so that the consequences of the use of the minister with him. The last eruption was a public reprimand and exposure Offers by Schäuble at a press conference last week in Berlin. In a terse announcement Schäuble said on Tuesday, Offer had asked him to release him from his position as speaker of the Minister: "Today, I have complied with this request." Offer has reportedly justified the move saying that he as a press officer did not have the full confidence of the minister.

On Monday afternoon Schäuble and Offer had again discussed the further cooperation. Offer Schäuble was rebuked last Thursday at a press conference for the tax due on time estimation of distributed documents before the cameras in unusually sharp form. The rude behavior of the minister with a close collaborator with the CDU and FDP had taken care of some severe criticism. In view of the vortex in the media about his performance Schäuble had then declared: "For all the justified anger I may have overreacted." This saw the incident to the government as complete.

Chancellor Angela Merkel (CDU) and SPD-General Hermann Gröhe had faced Schäuble. The Chancellor had left no doubt about the leadership skills of their staff explained Finance Minister, Angela Merkel. Gröhe said: "We are all human, even if we were excellent as the Minister of Finance does without a doubt."

Also, the parliamentary secretary of the CDU parliamentary group in the Bundestag, Peter Altmaier (CDU) took Schäuble in protection. He was four years Parliamentary Secretary of the Interior Schäuble’s been. The manners Schäuble were "always been marked by great mutual respect" in this time and would be lifted very well against what was sometimes reported by other ministers.

The biting sarcasm Schäuble meanwhile developed the Internet a big hit. Alone on the video sharing website YouTube to Sunday noon appearance of over 200 000 times was obtained. Also in Berlin, he is a political issue. No wonder, had Schäuble his close associates but before the TV cameras so rebuked rudely that this was not the only coalition partner FDP too much. Even the SPD is outraged and introduces himself Offer.

FDP financial expert open to destruction of WestLB

DÜSSELDORF. In the debate about the future of WestLB in Düsseldorf, the financial expert of the FDP parliamentary group, Frank Schaeffler, has advocated the institution if necessary also to break up. Privatization of Düsseldorf State Bank was "absolutely necessary", said Schaeffler Trading Journal Online. "If this at WestLB on the whole not succeed, it must be disposed of in the interest of the taxpayer in parts -. The sooner the better"

Schäffler in that context, the current strategy, the country’s banks to merge into larger units, wrong. "The particular systemic risk to the taxpayer would have been potentiated by only," said the FDP politician. "For savings banks, municipalities, NRW, and now federal government must be clear that the time for decisions is long overdue."

The Green Party attacked the supervisory board of HSH Nordbank, Hilmar Kopper, hot. This had brought a drastic solution for WestLB into the game and said, "make line under it and handle." The financial expert of the Green group in the Bundestag, Gerhard Schick, said Handelsblatt online. "There is no sense in which to discuss Mr. Kopper, the future of the country’s banks at the level of individual institutions, instead of pointing the finger at the West LB should Mr. Kopper would rather his own homework at HSH. "

Schick, warned the coalition would finally develop a sustainable overall concept for the country’s banks, an overall decline in total assets was the goal. "The savings will continue to need one or two lead institutions such as the Central Bank as part of the cash compensation in international business or as an interface to the capital market," said the Green Party. The failure of talks between WestLB and BayernLB also show that federal Finance Minister Wolfgang Schäuble (CDU) was asked on the subject.

"A reorganization of the public banking sector in Germany – also in view of the requirements of the European Commission – will only succeed with the active role of the federal finance minister," said Schick. "For the individual perspectives of each country’s banks and their owners more difficult a solution for the German taxpayer to minimize the damage and provides for the bank customers a publicly owned financial sector with a viable business model."

The Federal Government expects, however, no breakdown of WestLB – despite the failed merger talks with BayernLB. "We do not anticipate that there will be a collapse of WestLB," a spokesman for the Treasury said on Friday. Negotiations with BayernLB have failed for economic reasons.

It will now continue to develop a clean, European law and worked for the tax payers cost solution for WestLB. The bank must be sold by end 2011 or merged. The federal government is sitting with a hidden reserve of three billion euros in Dusseldorf in the boat.

At the closure of the institute, however, leads in the opinion of EU Competition Commissioner Joaquin Almunia perhaps by no other way. This possibility was already in the aid decision by the EU Commission last year were mentioned. "According to the information I have given you (today) was added to it, exercising this option, unfortunately," Almunia said in Brussels on Friday. The Commissioner urged the Bank as soon as possible to find a new owner. Another of the EU Commission is required to restructure a prerequisite. Almunia also has little sympathy for the desire of the Bank, for the sale of its real estate subsidiary WestImmo to get more time. "We recognize that market conditions are difficult, but that has not prevented other banks from selling," he said.

The clearing bank will make for lazy Securities Commission for fear of more losses and may need additional state guarantees.

Dilution of the drug test taken back

BERLIN. The Federal Joint Committee of physicians and health insurers will be able to exclude in the future because of inappropriate drugs from reimbursement by health insurance funds. An amendment of the drug reform decided yesterday, the health experts of the coalition.

The original plan was to take the Committee this right in practice by should be required to prove the futility. So far, it is already proven, if the manufacturer can provide no studies proving the benefits of a drug.

Now it will indeed stay with the burden of proof. The Committee will, however, will also receive the right to request that, within a reasonable time period, additional studies. Failure by that the deadline to cancel the Committee, the funds from the reimbursement list.

Elsewhere, the Coalition intensified its diluted during the legislative process plans. So ought drugs for rare diseases, so-called orphan drugs and orphan drugs be tested for their benefits to go when they exceed a turnover of 50 million €.

So far, it was planned to rid them of it generally. This could have led to estimates by leading pharmaceutical experts to companies sign new targeted drugs as orphan drugs in order to undermine the evaluation.

Schäuble remains recalcitrant

The benefit assessment, however, is the pivotal point of the designed by Health Minister Philipp Rösler (FDP) reform. At its base will in fact be determined in future for new drug reimbursement prices. This will allow the ministers to break the monopoly price of the manufacturer. The head of the Federal Committee, Rainer Hess, said the plans were in the right direction.

Also on the financing reform of the health experts put cash yesterday in a meeting last night hand. It turned out that one of the biggest criticisms of these reforms because of opposition from Finance Minister Wolfgang Schäuble (CDU) can not be removed.

Since its budget Schäuble does not want an extra burden, it will probably maintain that the social balance will be financed for the new additional contributions from the off by a tax subsidy of two billion € padded Health Fund. The two billion € but rich than to 2014. Thereafter, the compensation should be paid contrary to the system on its cash contributions to the Fund.