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Appel, Holger

h.appel@faz.de


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2 articles of this author have been cited in the European Press Review so far.


Frankfurter Allgemeine Zeitung - Germany | 24/04/2009

Thousands could lose their jobs

The Frankfurter Allgemeine Zeitung fears massive job cuts in Germany after the announcement of a possible takeover of Opel by Italian car maker Fiat: "It must be admitted that Fiat has undergone radical change under CEO Sergio Marchionne. He understands the business, and he's playing with the idea of buying into Chrysler. He will have carefully considered whether an Opel takeover will let him play in the same league with VW and Toyota, and if there's money to be made there. But one should have no illusions. Plants will be closed and thousands will lose their jobs if the deal goes through, and even then the German federal and state governments will not be able to avoid providing state warrantees. In these times of adversity we must seek comfort where we can: without a partner Opel is certain to go under. The company has more chance of success with an industrial than with a financial investor. And such a scenario is certainly preferable to maintaining the sickly status quo at the expense of the state."

Frankfurter Allgemeine Zeitung - Germany | 13/10/2008

Bank rescue package a damning indictment

The major industrial nations reached an agreement on a joint rescue package for the international financial market this weekend. The conservative daily Frankfurter Allgemeine Zeitung disapproves, but sees no alternative: "Governments around the world are now adopting coordinated measures. They will guarantee capital flow between banks, nationalise certain institutes entirely or buy a stake in them to stabilise them. ... In a few days' time the stock markets will show whether this emergency operation is to be as ineffectual as the previous ones or serve to finally restore confidence. What the whole thing costs will only become clear much later. ... The intervention of the state is a damning indictment of the financial sector's inadequacies. ... There seems to be no alternative, but in the long term we will see that the state is not a good entrepreneur. ... The bank scene will never be the same again."

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