Vladimir Putin is inching closer to his goal of turning Russia into a major transit route for trade between eastern Asia and Europe by prying open North Korea, a nuclear-capable dictatorship isolated for half a century.
Thomas Straubhaar, the president of Germany’s HWWI economic institute, expects seven “meager” economic years for the euro area because of the region’s debt crisis, Hamburger Abendblatt reported, citing the economist.
Greece will have to restructure its debt, meaning bondholders will probably lose much of their principal, Thomas Straubhaar , head of the HWWI economic institute, was quoted as saying by Sueddeutsche Zeitung.
Germany’s inflation rate will climb to more than 2 percent this year and may touch 4 percent in 2012, Thomas Straubhaar , head of the Hamburg-based HWWI economic institute, was quoted as saying by Focus-Money.
Thomas Straubhaar, head of the HWWI economic institute, said it is “out of the question” that a country like Greece will be able to exit its crisis on its own and that a rescheduling of the country’s debt is unavoidable, Hamburger Abendblatt reported today, citing Straubhaar.
It comes with a nice office and a grand title. You would probably have a pretty generous expense account. And there may well be a lucrative consulting gig with Goldman Sachs Group Inc. when it is all over.
Thomas Straubhaar , head of the Hamburg-based HWWI economic institute, said the European Central Bank is likely to raise the repo rate two to three times this year to as much as 2 percent, Focus magazine reported in a preview of an article to be published next week.
Swiss central bank supervisory council member Gerold Buehrer said Philipp Hildebrand’s replacement as president should be found sooner than April, suggesting the government’s hiring timetable is too slow.
Commerzbank AG Chief Economist Joerg Kraemer said it would be “economic suicide” for Greece to return to the drachma, which would prompt a run on local banks to withdraw euros, Welt reported, citing an interview.