European Tribune

'Locusts' are now running Germany

by Jerome a Paris
Fri Sep 2nd, 2005 at 04:25:29 AM EST

Hedge funds hold a quarter of Germany's blue-chips

Hedge funds hold as much as a quarter of the equity of Germany's largest companies, according to top investment bankers, reflecting growing interest among foreign investors in betting on economic restructuring in the run-up to the country's general election on September 18.

(...)

“Any company with a market capitalisation of less than €20bn (£13.6bn) is potentially vulnerable to attack by hedge funds.”

Now what is it that attracts them to Germany?

  • the stagnant wages?

  • the prospect of a flat tax and "lower non wage labor costs" (i.e. social benefits) if the CDU wins?

Inquiring minds want to know...


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It could almost make a person paranoid, as we see the locusts croaching towards Europe...awaiting the election of their new neo-con goddess, who will then change the system to feed them.

Half the population is under the age of 18. Tanzania's future is NOW...join the 50% campaign!
by whataboutbob on Fri Sep 2nd, 2005 at 05:10:54 AM EST
Germany has perhaps the finest skilled industrial labour force in the world.

Getting them to work on the cheap means making $$$.

The media hype is there to make "old Europe" accept the idea that only by becoming "flexible" can we survive.

   "Flexibility" = "cheap, disposable labour".

Jérôme is pointing us to actual movements of capital that underlie the propaganda.

When locusts move on, they leave nothing behind.

When locusts move on, they leave nothing behind

by afew (afew(a in a circle)eurotrib_dot_com) on Fri Sep 2nd, 2005 at 05:56:34 AM EST
And why is that not your signature?


You can't be me, I'm taken
by Sven Triloqvist on Fri Sep 2nd, 2005 at 06:53:14 PM EST
[ Parent ]
True, it's not taken!

When locusts move on, they leave nothing behind
by afew (afew(a in a circle)eurotrib_dot_com) on Sat Sep 3rd, 2005 at 12:16:32 AM EST
[ Parent ]


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