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Kordik, Hanna

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

Die Presse - Austria | 10/03/2011

Surprising protest at exchange merger

Employees of the German stock exchange Deutsche Börse on Wednesday demonstrated against a planned merger with the New York Stock Exchange. The liberal conservative daily Die Presse expresses surprise at these protests taking place at the heart of capitalism: "The roughly 3,400 staff are worried about their jobs and so they demonstrate for 'job security'. Of course they have every right to do so, and such things happen all the time. After all, you can't expect all employees to understand the deeper meaning of mergers. These are first and foremost about boosting efficiency - something that is difficult to square with job guarantees. Staff at Deutsche Börse know this only too well. However it's not without irony that they were the ones to demonstrate yesterday against a merger between their company and the New York Stock Exchange: from the very heart of capitalism come protests against the rules of the game."

Die Presse - Austria | 27/02/2006

Europe's energy market

This is the year 2006, and the European energy market knows no bounds. But is it really boundless? asks commentator Hannah Kordik. "The brazenness with which 'fusionitis' is now being combated truly knows no bounds. In Spain and France the issue of the impending takeovers has been referred to the bosses – and the true 'bosses' of the power supply companies are still sitting in the respective national governments. Europe's power companies remain securely in the hands of the governments of the individual states. And they're very creative when it comes to protecting 'national interests', for example by urging the individual power companies in their country to merge to form monopolies. And what about competition laws? Well, who cares? The main thing is that 'we reaffirm our global industrial commitment', as French Prime Minister Dominique de Villepin so nicely put it."

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