Word: volker
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...damage. Germany's proposal is different. Having had to nationalize or buy stakes in a string of beleaguered banks since the crisis began, the German government wants to pass the bill for future bailouts to the banks themselves. Lenders "cannot in the future gamble at the taxpayers' expense," Volker Kauder, parliamentary leader for the governing Christian Democrats, told a national TV network Monday. "Provisions must be made so that they - if things get difficult - pay for things themselves." (See the best business deals...
...taking on the character of a fighting mission. Some see the affair as a chance for Germany's government, and the Western alliance more broadly, to have a real debate about strategic goals in the Hindu Kush. "Zu Guttenberg is likely to emerge strengthened from this", Volker Perthes, the head of the German Institute for International and Security Affairs, told TIME. "He is talking straight, which is appreciated by the German public...
...government to make sure there's economic growth," said Hans-Peter Keitel, the President of the Federation of German Industries (BDI). That enthusiasm will disappear quickly should Merkel shy away from change. "I hope the new government will be good for business as Germany needs structural reforms," Volker Treier, the chief economist of the Association of German Chambers of Industry and Commerce told TIME. "We need a more flexible labor market, reforms of the social security system and urgent reforms of corporate tax." If Merkel decides to push through reforms, it's bound to put her on a collision course...
...unlikely event that Germans dump their popular Chancellor, Angela Merkel, in the country's election on Sept. 27, what would be the legacy of her four years in power? One key achievement, according to Volker Perthes, director of the German Institute for International and Security Affairs, is the Lisbon Treaty, which was designed to reform and streamline the workings of the European Union. "Without Merkel's involvement, and the role played by Germany, there would be no Lisbon Treaty now," Perthes says. But if that's the cornerstone of Merkel's foreign policy, she could see her legacy crumble less...
Almost every analyst or forecasting group of any substance has offered opinions over the last few weeks, regarding the performance of the economy for the last half of this year. Paul Krugman, Alan Greenspan, Paul Volker, and several other members of the Fed, posted their forecasts. The CBO and FOMC issued long reports weighed down with unimaginable data and their projections...