Patricia Nilsson

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Is Germany’s business model broken?

EuropaUnión EuropeaEconomía

In a 30-plus-year career in corporate restructuring, consultant Andreas Rüter has seen it all: the dotcom bust, September 11, the global financial meltdown, the euro crisis, Covid-19. But what’s happening right now in corporate Germany is “unprecedented” and “of a completely different order of magnitude”, says Rüter, the country head of AlixPartners.

The federal republic’s all-important automotive sector, chemical industry and engineering sector are all in a slump at the same time. Rüter’s firm is so overwhelmed by demand for restructuring that it’s turning potential clients away.

Over the past three years, Europe’s largest economy has slowly but steadily sunk into crisis.…  Seguir leyendo »

The electric vehicle boom in a quiet Hungarian town

EuropaUnión EuropeaEconomía,

Sándor Máriás still remembers the Soviet fighter jets that kept him up all night as a child. He grew up during the communist era on a small farm next to a military air base outside Debrecen, in eastern Hungary. Their family home was 300 metres from the runway.

“The jets’ roar was deafening especially when they practised touch-and-go manoeuvres”, he recalls.

His family was one of a handful that the communist authorities allowed to keep their farm at a time of mandatory co-operatives. After the regime collapsed in 1989, the others all sold their land, but Máriás held out. That was until a wave of green technology started to wash over Debrecen.…  Seguir leyendo »