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'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.

"Once in awhile we get shown the light, in the strangest of places, if we look at it right" - Hunter/Garcia
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.

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!
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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