Brexit won't have grave impact on German economy: employers' group

[webfact]

Brexit won't have grave impact on German economy: employers' group

 

Ingo Kramer, chairman of the Confederation of German Employers' Associations (BDA), delivers a speech during the German Employers' Day, in Berlin, Germany November 22, 2018. REUTERS/Fabrizio Bensch

 

BERLIN (Reuters) - Britain's departure from the European Union will hit some German businesses harder than others, but should not have a serious impact on the overall economy, the head of Germany's BDA employers' organisation said on Friday.

 

BDA President Ingo Kramer told the Augsburger Allgemeine newspaper he expected the German economy to weather the transition since Britain was only one of several important trading partners.

 

"Of course Brexit will affect economic developments in Germany, especially some individual companies, but it will not have a serious impact on the overall economy," he said.

 

Kramer cited estimates of German economic growth of around 1.5 percent in 2019, but said there were signs Germany's positive economic momentum of recent years was ebbing.

 

Britain's departure from the EU, its biggest shift in trade and foreign policy for more than 40 years, has run into problems complicated by deep divisions in the Conservative Party, the lower House of Commons and the country.

 

British Prime Minister Theresa May this week survived an attempt to topple her at home but said she did not expect to secure a quick breakthrough in Brexit talks that would allow her to speed her divorce deal through parliament.

 

Kramer also underscored the importance of migration for the German economy, and said Germany could face economic declines like those seen in the 1990s if it closed its doors to migrants.

 

He said nearly 400,000 of the roughly one million migrants who came to Germany since 2015 now had a spot in a training programme or a job, and were integrated into German society, validating Chancellor Angela Merkel's upbeat prediction of "We'll manage it."

 

"Mrs. Merkel was right with her statement. Yes, we will manage the integration," Kramer said. "I'm surprised myself that it's happening so quickly. But employers are doing it. Especially we medium-sized businesses are looking for workers."

 

(Reporting by Andrea Shalal; Editing by Alexandra Hudson)

 

-- © Copyright Reuters 2018-12-14

[mercman24]

well he wouldnt say anything else would he, wait and see sunshine, EU gonna lose 16% of their income , oh and you are welcome to the scrounging immigrants  bye bye

[malagateddy]

I hope their car industry goes tits up[emoji6]

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[smedly]

what about the other 26 ?

 

what about Spain, Italy and France

 

Sounds to me like - we Germans will not go down shitter like the rest of you because we have provided ourselves with protection - you lot are on your own

 

I sure hope the UK gets out of this EU mess 29th March

[Roadman]

Really left field but as a Kiwi I wonder if Kaiser Wilhelm or Adolf Hitler would be cursing that those bloody British possibly under Brexit have escaped us yet again, but ausgezheichnet we have the rest of Europe under control. 

[abrahamzvi]

16 minutes ago, Roadman said:

Really left field but as a Kiwi I wonder if Kaiser Wilhelm or Adolf Hitler would be cursing that those bloody British possibly under Brexit have escaped us yet again, but ausgezheichnet we have the rest of Europe under control. 

Quite frankly, I really think you don't know what you are talking about. The fact that Germany has the strongest economy in Euro, does not mean that it controls Europe. It is very much dependent on the EU for its economic success. I think that many people, Europeans and others (including the Kiwis like you), don't realize that apart fro the economic success connected with and due to the EU (for all EU countries), the most important factor to realize is that for the first time in history Europe has had peace for the lat 70 years, mostly due to the spirit of partnership between the European countries.

[Baerboxer]

28 minutes ago, abrahamzvi said:

Quite frankly, I really think you don't know what you are talking about. The fact that Germany has the strongest economy in Euro, does not mean that it controls Europe. It is very much dependent on the EU for its economic success. I think that many people, Europeans and others (including the Kiwis like you), don't realize that apart fro the economic success connected with and due to the EU (for all EU countries), the most important factor to realize is that for the first time in history Europe has had peace for the lat 70 years, mostly due to the spirit of partnership between the European countries.

 

The German "economic miracle" was created by the rebuilding efforts put in by the Allies under American insistence after WW11. Just as in Japan. The allies created the favorable conditions and the peoples of both those destroyed countries worked very hard to take full advantage of them. Unfortunately, the European old colonial power allies of America, Britain and France, were the ones who paid the most. C'est la guerre!

 

Germany has a big internal market supporting many SME's and medium sized businesses who export little. When I worked in Germany I was surprised at just how well the German quality myth and buy German to support Germany mantras were ingrained. 

 

Germany has also made sure that Germany controls the Euro.

 

70 years of peace, ignoring events in East Europe, was achieved by NATO, the former Soviet bloc common enemy being a bigger threat, and the fact that American forces were in Europe in some presence. 

 

Their are many other social reasons, such as increases in education and information that have led to peace.

Edited December 14, 2018 by Baerboxer

[Roadman]

44 minutes ago, abrahamzvi said:

Quite frankly, I really think you don't know what you are talking about. The fact that Germany has the strongest economy in Euro, does not mean that it controls Europe. It is very much dependent on the EU for its economic success. I think that many people, Europeans and others (including the Kiwis like you), don't realize that apart fro the economic success connected with and due to the EU (for all EU countries), the most important factor to realize is that for the first time in history Europe has had peace for the lat 70 years, mostly due to the spirit of partnership between the European countries.

I am not disagreeing with you if your only measure is on economic values only. But outside of economic measures there are other values that perhaps have greater bearing. I grew up years ago seeing Britain or perhaps England with others tacked on being an individual country that we Kiwis gave out lives for in greater percentages on the war fields than any other far flung country so you could retain your individually as a country and to distinguish your democratic sovereignty above others. To see England sovereignty disappearing to the benefit of a Greater Europe Union on economic benefit only perhaps reeks of a stink that we in this side of the New World Order fail to understand. 

To put it bluntly in Kiwiland and more so what I see in Aussie our sovereignty is worth more than the hardship of a German led Euro. 

Edited December 14, 2018 by Roadman
Adding last paragraph

[Percy P]

1 hour ago, Roadman said:

Really left field but as a Kiwi I wonder if Kaiser Wilhelm or Adolf Hitler would be cursing that those bloody British possibly under Brexit have escaped us yet again, but ausgezheichnet we have the rest of Europe under control. 

 

1 hour ago, Roadman said:

Really left field but as a Kiwi I wonder if Kaiser Wilhelm or Adolf Hitler would be cursing that those bloody British possibly under Brexit have escaped us yet again, but ausgezheichnet we have the rest of Europe under control. 

Yes they tried two time's . I would like UK to leave on a No Deal and carry on as now under the world Trade Organisation Rules were the EU cannot stop us trading with them as they are members also.  Read no deal  by Twitter.

Edited December 14, 2018 by Percy P
Addition

[welovesundaysatspace]

Sad jealous people. 

[malagateddy]

Sad jealous people. 

Only your opinion as an eu brussels lover

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[bkkcanuck8]

11 minutes ago, malagateddy said:

Only your opinion as an eu brussels lover

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He is right though, there is a level of jealousy there.  Yes Germany has a sizeable influence in the EU, but that is natural for a country that is 100% 'in' (not half in half out all the time) and a strong economy that has not spent the last 30 years mismanaging it's economy to the same level as some other EU members.   The war ended over 70 years ago.  Yes the martial plan (and other plans like it) gave Germany a lift up at the end of the war (beneficiaries of the Marshall Plan were UK 26%, France 18%, West Germany 11%).  There was also some help with former Soviet Union member states post the collapse of the Soviet Union, but then it was in the Wests own interest to have the old Soviet Union collapse and for them to extend their influence into those countries. 

 

Though I have to say this still ingrained prejudice against the Germans within the UK was of benefit when I worked there... If there was any political fallout happening due to problems in a project I worked on we could always blame the German contingent and the UK management at the time would eat it up (even if all should have received the same/equal blame).

Edited December 14, 2018 by bkkcanuck8

[Ulic]

4 hours ago, abrahamzvi said:

Quite frankly, I really think you don't know what you are talking about. The fact that Germany has the strongest economy in Euro, does not mean that it controls Europe. It is very much dependent on the EU for its economic success. I think that many people, Europeans and others (including the Kiwis like you), don't realize that apart fro the economic success connected with and due to the EU (for all EU countries), the most important factor to realize is that for the first time in history Europe has had peace for the lat 70 years, mostly due to the spirit of partnership between the European countries.

My guess is you don't count the break-up of former Yugoslavia. The terrorism across Europe doesn't count either. I don't think the formation of the EU has done what you think for peace. The integration of former east block countries into the EU and NATO without leaving a buffer is also ill-advised. Ukraine is just a little push-back as the EU pokes the bear. If you think Europe is all peace and harmony you are mistaken.

[Thingamabob]

Message to fellow Brits. Just leave ASAP, deal or no deal. We've been through much worse than this and survived. Determination, guts and hard work needed.

[bristolboy]

2 hours ago, Ulic said:

My guess is you don't count the break-up of former Yugoslavia. The terrorism across Europe doesn't count either. I don't think the formation of the EU has done what you think for peace. The integration of former east block countries into the EU and NATO without leaving a buffer is also ill-advised. Ukraine is just a little push-back as the EU pokes the bear. If you think Europe is all peace and harmony you are mistaken.

The breakup of Yugoslavia was a consequence of the end of the Tito era. Nothing to do with the rest of Europe. As for terrorism, I wasn't able to find any definitive figures for 2018 so far, but in 2017 62 people died in terrorist attacks. That's about 1 death per 8 million people. Road deaths in Europe were about 50 per million people.  Which is 400 times as many. And it's kind of weird that you assign some sort of responsibility to the EU for the breakup of Yugoslavia and terrorism, but responsibility for the Russian invasion of Ukraine is somehow not Russia's.

[Grouse]

8 hours ago, malagateddy said:

I hope their car industry goes tits up

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Why?

[welovesundaysatspace]

5 minutes ago, Grouse said:

Why?

Because he’s a sad jealous loser. 

[sawadee1947]

10 hours ago, mercman24 said:

well he wouldnt say anything else would he, wait and see sunshine, EU gonna lose 16% of their income , oh and you are welcome to the scrounging immigrants  bye bye

Oh, you forgot how much UK's income will shrink!!! Maybe pensions will be cut. And that is good so. 

[JAG]

Well I am pleased for them. I don't wish for their (or any countries) economy to decline.

 

Perhaps a similar lack of enthusiasm ("schadenfreude" may be the term - but then what do I know as a Little Englander who has spurned the European Ideal?) may be shown by those opining on the future for the UK?

Edited December 15, 2018 by JAG

[malagateddy]

Why?

Merkel has stated a few times that the UK must suffer a bit because the UK is leaving the fraudulent corrupt eu.
Don't get mad..get even [emoji6]

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[bkkcanuck8]

2 hours ago, malagateddy said:

Merkel has stated a few times that the UK must suffer a bit because the UK is leaving the fraudulent corrupt eu.
Don't get mad..get even

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Bull, you are misinterpreting what she said for political reasons. Links to real news articles if they actual exists (not rags).

Edited December 15, 2018 by bkkcanuck8

[malagateddy]

Bull, you are misinterpreting what she said for political reasons. Links to real news articles if they actual exists (not rags).

Merkel's been quoted in various UK newspapers last coupla years coming out with the UK must suffer little bit.
As a patriotic Brit I will stand up for my home country and not take any imo insult from some foreigner
End of!!!!

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[Grouse]

2 hours ago, malagateddy said:

Merkel has stated a few times that the UK must suffer a bit because the UK is leaving the fraudulent corrupt eu.
Don't get mad..get even

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OK, provide one case where she said that or even similar

 

She did say that it would not be possible to have a better deal than members of the EU.

[malagateddy]

OK, provide one case where she said that or even similar
 
She did say that it would not be possible to have a better deal than members of the EU.

No..she said that the UK must suffer a little bit.
I read various UK papers daily and have a great memory.
If you want proof of what she said..suppose you will have to try and dig out her quotes.
Probably very tedious work.


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[bristolboy]

32 minutes ago, malagateddy said:

No..she said that the UK must suffer a little bit.
I read various UK papers daily and have a great memory.
If you want proof of what she said..suppose you will have to try and dig out her quotes.
Probably very tedious work.


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Seems like you might have a better memory than Google. I did a few searches and came up with nothing.

[malagateddy]

Seems like you might have a better memory than Google. I did a few searches and came up with nothing.

I read daily the Daily Mail and the Daily Express..should be in their archives somewhere.

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[bkkcanuck8]

8 minutes ago, malagateddy said:

I read daily the Daily Mail and the Daily Express..should be in their archives somewhere.

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Oh yes, I remember reading that newspaper... they reported an alien spaceship traveling to earth (very slowly - it would have taken millions of years in space to get here - so the aliens must be very patient)... Probably won't have long to worry about brexit because Aliens are hatching from their pods now ????

[malagateddy]

Whatever turns you on[emoji6]

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[welovesundaysatspace]

38 minutes ago, malagateddy said:

I read daily the Daily Mail and the Daily Express..

I’m impressed you have the balls to openly admit that (and that you actually believe their nonsense). 

[malagateddy]

I’m impressed you have the balls to openly admit that (and that you actually believe their nonsense). 

Di you really think that I's read likes of the guardian or any other pro eu trendy lefty piece of bog paper[emoji6]

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