23 November 2011 19:00 [Source: ICIS news]
LONDON (ICIS)--A proposal by Evonik chief executive Klaus Engel to address the eurozone government debt crisis gained support from German commentators on Wednesday.
Engel, who is also president of ?xml:namespace>
Bodo Hombach, general manager of
Hombach said the proposal would be an alternative to the drastic savings measures facing
At the same time, Hombach agreed with Engel that the re-dedication of the solidarity funds would also be a “thank you” to Europe for supporting and facilitating
Said Hombach: “Engel is not a romantic; he knows how to do his numbers and succeed in business. But it is more than that: Engel knows that most of our problems are in our head. What is needed is a change in perspective.”
According to German daily newspaper
A number of executives from the German chemicals and other manufacturing industries have repeatedly stressed that
In related news, Germany failed to get bids for about 35% of bonds it offered for sale on Wednesday, fuelling fears that investors may be avoiding not only weaker eurozone members but also the EU's largest economy, Bloomberg and other newswires reported.
($1 = €0.74)
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