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  • The Swedish model

    The blog has given up counting the number of US banks that have failed in recent weeks, away from the headlnes. Ken Lewis, CEO of Bank of America, predicted last month that half of all US banks would fail, and he is well placed to know. Bank rescues are also rising across Europe. The German government...
    Posted to ICIS Blogs (Weblog) by Anonymous on 10-06-2008

  • A debate opens up

    Peer Steinbrück, the German finance minister, has joined the growing list of politicians with a view on the current economic crisis. But his analysis differs markedly from that expressed by President Bush on Wednesday . 'The financial market crisis is above all an American problem', Steinbruck...
    Posted to ICIS Blogs (Weblog) by Anonymous on 09-26-2008

  • German and Spanish economies turn down

    I noted last month that German industrial production fell 2.4% in May, and that Chancellor Angela Merkel was expecting 'a significant fall' in economic growth for 2009. This fall now seems to be already underway. Industrial output fell by a further 2.9% in June, and for the seventh month in a...
    Posted to ICIS Blogs (Weblog) by Anonymous on 08-07-2008

  • Germany's growth slows

    Germany is the powerhouse economy of Europe. Its also a late-cycle economy, relying more on engineering and equipment sales than consumer spending. So until recently, its growth has seemingly not been affected by the global slowdown. But Germany's Chancellor, Angela Merkel, indicated yesterday that...
    Posted to ICIS Blogs (Weblog) by Anonymous on 07-24-2008
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