christian klein

SAP boss calls for less fragmentation in German economic policy.

(Photo: Bloomberg)

Davos Anyone who gets away with a black eye is still hurt: this is what the European economy is experiencing right now. The worst fears have not materialized, the Russian gas embargo has not closed factories or triggered mass protests. The mild winter saves from the energy crisis.

Olaf Sch√∂lz he used this to attract investors in Davos. “If you ask me how and where you can invest sustainably and profitably in the future, I will tell you today: come to us, to Germany already Europe.”

In fact, there is a real basis for these words. “Our expectations for Europe were originally quite negative, especially for Germany,” says Stephen Cohen, European head of the world’s largest asset manager Blackrock, in Davos. But now the situation has improved: due to falling gasoline prices and the opening up of the Chinese economy. “The Europeans will benefit more than the United States,” Cohen believes.

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