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Kühnlenz, Andre

Kommentator Wirtschaftsblatt Österreich


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


Wirtschaftsblatt - Austria | 19/01/2016

EU should issue refugee bonds

The budgets of those countries that are bearing the brunt of the burden in the refugee crisis are suffering, the liberal Business paper Wirtschaftsblatt stresses, proposing the introduction of "refugee peace bonds" as a solution: "The flood of refugees can hardly be controlled with money alone, but without money it will be even harder. In view of the lack of solidarity with countries like Germany or Austria what we need is a solution for the EU. ... It should simply borrow money from private investors who in any event are looking around desperately for somewhere to place their money. For 30 years the ESM bailout fund would currently only have to offer 1.6 percent interest per annum. But this burden would only be carried by countries that don't take in refugees. Of course the US could also participate - but on a no-interest basis and without refunds."

Wirtschaftsblatt - Austria | 18/03/2015

Europe right to get in good with China

Germany, France, the UK and Italy want to participate in China's new development bank which according to Beijing's plans is to finance infrastructure projects above all in Asia. The liberal business paper Wirtschaftsblatt lauds the fact that these states aren't letting US reservations about the bank interfere with their plans: "In Europe and China's neighbouring countries the governments have long since grasped that regardless of what Washington thinks they can't halt Beijing's global plans anyway because they're in line with this huge country's economic clout. And it can't hurt to put oneself on a good footing with the rising super power which may even outstrip the US one day. Better to join in now and gain influence in the new institutions, they say to themselves in Berlin, Paris, London and Rome, but also in Singapore and soon no doubt in Sydney or Seoul too."

Wirtschaftsblatt - Austria | 16/01/2014

EU needs clarity on China's currency reserves

China's foreign currency reserves reached a record 3.82 trillion US dollars at the turn of the year. But in making the announcement on Wednesday, the central bank in Beijing did not give exact information on how the money is invested. Such information would however be of great interest for Europe, the business paper Wirtschaftsblatt comments: "As an enlightened citizen of the second-largest economic area in the world, one would certainly like to know what capitals are dependent on the Chinese, and to what extent. How free are our governments to make their own decisions - or is Beijing already secretly present when the states fix their budgets? How effectively can the EU threaten to apply sanctions in trade conflicts when China can threaten at any time to turn off the credit tap? The democratic independence of the states of the Eurozone must be preserved. And in our own economic interest, we need better data as quickly as possible."

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