Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 31 n° 321

To protect the German economy

Posted by fidest press agency su venerdì, 21 Mag 2010

As Angela Merkel hosts a key finance summit today – more regulation is firmly on the agenda to protect the euro zone economies.  With fears growing in Germany as one of Europe’s biggest economies that German taxpayers are paying for the brunt of the rescue package for the Greek debt crisis, and with the euro continuing to suffer on the world markets, the cost to the German economy is continuing to rise.  German taxpayers are angry that they are bearing the brunt for rescuing debt-laden Greece.  Germany has been helping to stabilise the European single currency, the euro, which has fallen to a four-year low against the dollar this week, and taxpayers no longer seem prepared to pay for the mistakes of their EU partners. Experts warn that the regulation approach proposed by Angela Merkel is seriously flawed and doomed to fail. Christopher Wasserman President of the Zermatt Foundation warns that; The Zermatt Summit, whose inaugural summit is taking place between the 3-5th of June in Zermatt, Switzerland, has been created to allow innovative business leaders, CEOs, senior policy makers and NGOs to discuss how ethics and not the sole pursuit of pure profit can drive business practices forward in the forthcoming years. The main objective of the Zermatt Summit is to formulate a roadmap and focus on three areas: to revisit the corporate raison d’être of the firm, to integrate leadership and ethics, to make corporate statesmanship a reality The Summit will provide a unique forum for participants to ask searching questions on how key decision makers can be influenced to instigate change in company behaviours, cultures and at policy level.  This will result in a series of practical recommendations, which will be widely published to ensure their implementation by business, political and civic leaders. https://www.zermattsummit.ch/registration/index.html

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