Comeback Of The Superstars

By Hasnain Kazim, Anne Seith and Karsten silent The Germans still discussing how robust the recovery really is. But abroad you can see a lot of long benign on the location Germany. In the U.S. press as wiedererstarkter we celebrated superstar. Foreign investors are planning large investments.
Hamburg - If Gianluca Giardina, fund manager of the German Growth Trust Baring, Germany asked, he almost gets into the shoals. He had even in the last few months, many German companies visited, the mood was always been as good as the business prospects, he explained. Even in the former crisis-industry, construction, is going ahead and the labour movement was the first properly come. "Together with the strong domestic economy is therefore clear: The good economy will not be easy wegkippen. On the contrary, in 2007, in the Federal Republic of profits to get," said his überschwängliches conclusion.
While the Germans still brood whether the recovery is sustainable, is already abroad, the reactivation of the former economic Stars celebrated. The Wall Street Europe, "said the Federal Republic in a cover story this week at the decisive impetus of the pan-economy. Foreign investors bringhas been some time in position to the promising market in a timely foothold. Financial investors to buy pharmaceutical companies, parts of the telecom giant houses or stocks, Russian companies to schielen German city works. According to a survey by the consulting firm Ernst & Young under the 1000 managers is Germany as an investment location for the next three years as attractive as any other country. High-tech companies would probably be in Europe especially in Germany. Even in research and development investment in Germany will probably best off.
In the property sectorpounced foreign entrepreneurs for quite some time practically everything that is to have said Holger Schmieding, chief economist for Europe at the Bank of America in London. "They keep German real estate for completely undervalued," says the economist. At that office and residential buildings from the international perspective spottbillig, "while in Germany, prices remained stable over the years, they are elsewhere, after all, 60 or 80 percent shooting in the air." With the increasingly growing pickup in economic activity but also the value of real estate stocks, according to the calculus of many investors. "I see as a bit too much enthusiasm," adds Schmieding. But foreign investors were just being "euphoric" when it comes to Germany. "From my own power more attractive" quite as far will Dierk Mueller, managing director of the American Chamber of Commerce in Germany, not go. In the U.S., "says one" on the upswing, but he explains. U.S. entrepreneurs have always been closer to Germany as an investment location believed than the Germans.
"There are good reasons for the enthusiasm," says Bank economist Schmieding. While in Germany the word "reform" by the words like "Jam" is, would you rather abroad progress. "Germany has been from the perspective of non-investors own more attractive," said Schmieding. Most foreign investors have many years of wage restraint of workers impressed - to a survey by the Federal Statistical Office indicate that the cost per hour worked in the past six years only by 9.8 percent. The EU average was 22 percent.
course, foreign investors are not blind to the problems in Germany: the wish list of Chamber's Managing Director Mueller about - the chief lobbyist of American entrepreneurs in Germany - is long. "In the health sector and the labour missing U.S. investors reforms, which also act," he says. "The first details are not so important" The rigid structures on the Jobmarkt are just Americans obviously still a deterrent. Economics Nobel Prize winner Edmund Phelbs said in an interview in the Frankfurter Allgemeine Zeitung "does he wonder, why anyone invested in Germany:" The participation, protection against dismissal - all that is harmful, "he said and called for a radical reform of the whole economic system .
But despite all the criticism - even in the rigid structures for his almost legendary German labour market had in recent years, new perspectives opened, holds Schmieding against. And these new opportunities are finally for many entrepreneurs is crucial. "Above all, the boom time work, in the strict employment rules do not apply, offers new opportunities", said Schmieding. The forthcoming corporate tax reform will be positive signals, he also believes - so controversial in Germany. "A tax rate below 30 percent - this is just a sign," said Schmieding. "The details are just not that important."