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Kaiser, Tobias
3 articles of this author have been cited in the European Press Review so far.
The West will benefit from China's recovery
Demographic developments in Europe make China's growth of major long-term significance, writes the conservative daily Die Welt: "Germany, France and Japan may be rich economies, nevertheless they're losing in vitality because their populations are ageing and shrinking. ... On average elderly people save less, in fact they tend to divest themselves of their savings. But they also consume less than younger generations. ... The more Europe's ageing patterns shift in favour of the elderly, the more we will depend not only on demand from the emerging countries, but also on technological progress in China or India. Because a growing number of well-educated young people in the emerging countries means a corresponding increase in the potential for brilliant ideas and inventions. Technological progress in China is already gaining speed - and in a closely networked world the industrial nations stand to benefit from this development."
» full article (external link, German)
More from the press review on the subject » Demographics, » Trade, » Economic Policy, » Europe, » China
EU adopts tough stance thanks to the IMF
The International Monetary Fund (IMF) and the EU have interrupted credit talks with the highly-indebted Hungary. That shows how effective the EU can be thanks to its cooperation with the IMF, writes the conservative daily Die Welt: "Because the Fund can do what the European partners could hardly have done among themselves, namely increase and maintain pressure, especially when the negotiations over the billions of euros in aid money are over and it comes time to implement the agreed-upon austerity plan. ... Like the Eurozone members, the EU Commission could hardly have applied pressure so effectively. Because in the European club national sensitivities and political alliances count for at least as much as economic nuts and bolts. ... The IMF staff showed on the weekend that more is being done here than tying up austerity packages and compiling check lists. The Fund has above all the political independence and the experience to steer austerity measures from abroad."
» full article (external link, German)
More from the press review on the subject » International Relations, » EU Policy, » Fiscal Policy, » Economic Policy, » Greece, » Hungary, » Europe, » U.S.
Will the upturn last?
The conservative daily Die Welt praises Germany's successful export model but remains sceptical about the country's future economic development: "The key question now is whether the upturn will last. And that's where things look very doubtful. In particular as regards the labour market the test of endurance has only just begun: While the number of job seekers in other countries has risen sharply and these economies have already for the main part 'digested' the job losses so to speak, in Germany a climb in unemployment was largely avoided thanks to short-time work. … It's also unclear what will happen after the general elections when the new government has to tighten its belt. Almost all economists agree that in order to plug the gap in the budget citizens will have to pay increased social insurance contributions and in the medium term higher taxes too. And they have repeatedly warned us not to forget how much the financial markets continue to suffer even now."
» full article (external link, German)
More from the press review on the subject » Domestic Policy, » Fiscal Policy, » Economic Policy, » Germany, » France, » Europe
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