Archive for the month of August 2014

Russia sanctions: Calculated crash and treason?

Monday, August 11, 2014

The foreign policy direction giving US think tank "Council on Foreign Relations" (CFR) focused on a few months ago with the consequences of tougher sanctions Russia on the global economy, the sanctions are now actually and against the Russian energy, finance since July 2014 Defence Industry addressed.

An article dated 05/04/2014 CFR, Title: "Global Monthly Ecomomics: May 2014. Russia Contagion: Local or Global" by Robert Kahn (Steven A. Tananbaum Senior Fellow for International Economics) discusses the assumption that expanded sanctions against Russia comparatively had little impact on the rest of the world.

Interestingly, this was claimed by "Goldman Sachs Research"; Accordingly, Russia is simply not important enough for the world market, despite its significant energy exports. There is only limited in the global production chains and international markets integrated. Kahn quoted Goldman Sachs' conclusion: "impact on the global economy due to the current tensions could be relatively small." In other words encouraged Goldman Sachs with this assessment downright sanctions.

The CFR-author doubts this loose expertise. So far had never sanctions against such a large and complex country have been imposed assessments therefore very complicated. For the discussion on the issue of crisis contagion possibility is important that precisely at interwoven with the world of the Russian market is, as that one could ignore him.

Intensified sanctions could in Russia lead to a sudden stop of capital flows, ie a kind heart attack similar events.

The sanctions should be for Russia "a shock", but hardly noticeable for the rest of the world? (more ...)

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Russia sanctions: Germany's Willing Executioners in the economy

Thursday, 07 August 2014

Dysfunctional: Eastern Committee of German Business

Under "About us" explained the Eastern Committee of German Business as its raison d'être :

He since 1952 "represents the interests of German business management t" in today 21 countries of the (south) east of Europe, including Russia. The Eastern Committee acts as a bridge: "The instruments of economic diplomacy shall, in cooperation with the federal government committees from among the Eastern European members of the government and German companies". He organized on large number of related events and networked young professionals from the countries involved. U. a. He also performs the German-Russian Dialogue Baden-Baden.

The objectives of the Eastern Committee, inter alia, include "the intensification of economic relations with the countries serviced", "improving trade and investment conditions for German companies". The Committee has also its "network of contacts to government agencies and industry representatives."

It can be the crème de la crème of the German economy among its members. Among the five associations of the German economy (Federation of German Industry, Banking Association, Association of the German Insurance Industry, Foreign Trade Association of German Retailers and the Central Association of the German Trade) support the Association. In addition, currently belong "more than 200 member companies" to "from small businesses to DAX companies (as of July 2014)"

The Eastern Committee of German Economy would have been ideal, with its well-established for years, good contacts to the east to occur in the current conflict in Ukraine as an honest broker and mediator between the parties. Unfortunately, it was nothing to feel - a total failure, where a "network of contacts" could be collected and will. (more ...)

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