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Holpert, Andreas
2 articles of this author have been cited in the European Press Review so far.
Autonomy to set pay levels must be respected
The daily Luxemburger Wort advocates international rules for the financial world but is sceptical about excessive intervention in private enterprise: "By now even politicians have noticed that with the return to 'business as usual' hope for the self-regulation of banks has dwindled to nothing. Pressure to influence the compensation system is growing. But national solo initiatives won't accomplish much here. All such measures can achieve is a feeling of moral victory, but economically they can only lose. To prevent competition distortions the G20 summit in Pittsburgh at the end of September should establish international regulations. Whether the 20 heads of state and government can agree on binding worldwide rules is another thing. ... No matter how laudable the attempt to avoid renewed excesses in bonus payments is, there is still a basic condition: the fundamental principle of the autonomy to set pay levels in the private sector must be respected."
» full article (external link, German)
More from the press review on the subject » International Relations, » Fiscal Policy, » Corporations, » Banks, » Europe
A difficult partnership?
Europe's airlines are in the midst of a crisis. Following in the footsteps of debt-ridden Austrian Airlines and Italy's Alitalia, Luxembourg is now also seeking a partner for its state-owned airline Luxair. But a partnership with Germany's Lufthansa could lead to conflict, the daily Luxemburger points out. "The name Lufthansa must ... bring back unpleasant memories for the Luxembourger cargo airline. After all, it was the German airline that got the international air cargo rivals - including Cargolux - into trouble with the competition authorities in Europe and the US for coordinating their fuel surcharge prices. The [German] company may have acted appropriately in its own interest, but Lufthansa did considerable damage to Cargolux. This relationship would have to be resolved in the negotiations."
» more information (external link, German)
More from the press review on the subject » Infrastructure / Travel and Transport, » Corporations, » Germany, » Luxembourg
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