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Economic expert warns of bankruptcy wave at "Maischberger" - "They are gone forever"

2022-10-05T10:09:23.423Z


Economic expert warns of bankruptcy wave at "Maischberger" - "They are gone forever" Created: 10/05/2022, 12:01 p.m Finanztip editor-in-chief Hermann-Josef Tenhagen and head of the German Institute for Economic Research Marcel Fratzscher as guests at "Maischberger". © ARD media library (screenshot) Two women from Mariupol describe the horrors of war to Sandra Maischberger. A DIW expert gives an


Economic expert warns of bankruptcy wave at "Maischberger" - "They are gone forever"

Created: 10/05/2022, 12:01 p.m

Finanztip editor-in-chief Hermann-Josef Tenhagen and head of the German Institute for Economic Research Marcel Fratzscher as guests at "Maischberger".

© ARD media library (screenshot)

Two women from Mariupol describe the horrors of war to Sandra Maischberger.

A DIW expert gives an outlook on the possibilities in the energy crisis.

Berlin – Cabaret artist Florian Schroeder works on Chancellor Olaf Scholz' "double boom" in the expert panel of the ARD talk "Maischberger".

The satirist judges this language to be “infantile” and continues ironically: “People are waiting for Putin to do Ritzeratzedong in Ukraine”.

His subsequent analysis, on the other hand, is meant to be serious: “It shows politicians’ view of how voters or the people are to be perceived, namely as children who can no longer be expected to speak adult language.

You have the feeling that you just have to go to Burger King, get something and then everything will be fine.” Schroeder thinks that is fundamentally wrong: “I would like a little more adulthood.”

The schoolgirl Xenia Fomina from Mariupol already has to show a lot of adulthood in her young life.

In perfect German, she describes her escape from Russian troops, which she has already done twice.

When she was seven, she fled the Donbass region with her family, leaving their house and belongings behind.

The family made a fresh start in Mariupol before being evicted again earlier this year.

"I can't say: Did that really happen in reality, or was it a nightmare?" reports Fomina, who now attends the Wittmund Comprehensive School in Ostfriesland - thanks to the headmaster there, Reinhard Aulke, who helped the members of his partner school in Mariupol. to escape the war.

"Maischberger": Teacher and student describe their escape from the bunker in Mariupol

Her teacher Viktoria Bakhur, who is sitting next to Fomina, also fled the long-contested city in a “broken car with nine occupants”.

When they fled, they were accompanied by "constant bombing raids": "You hear the planes, get out of the car, on the ground, face down.

The bombs fall in a radius of maybe a kilometer.

Then back to the car and on.

For a journey of four or five hours, we were on the road for two weeks.”

Presenter Sandra Maischberger discusses with her guests.

© ARD media library (screenshot)

Before fleeing, Fomina endured two weeks in the bunker - in "darkness and cold": "With only one candle".

Everyone was ill, pregnant women had to give birth there without medical help.

The children in the shelter screamed without a break, in between the "quiet prayers of parents" could be heard, who only "had their hope that we would get out sometime".

But when they were finally able to come out into the open again, nothing was left of the once "beautiful city by the sea" except "a heap of stones," according to Fomina.

However, the two women do not think about giving up.

They are sure that the tide will turn.

"Ukraine is a very strong country with a very strong people," said the student.

"We're fighting and we'll definitely win." Her teacher is also full of confidence: "I'm sure the Ukrainian army can do it."

"Maischberger" - these guests discussed with:

  • Prof. Marcel Fratzscher

    - President of the German Institute for Economic Research (DIW)

  • Hermann-Josef Tenhagen -

    Editor-in-Chief

    Finanztip

  • Viktoria Bakhur -

    German teacher, fled Mariupol to East Friesland

  • Xenia Fomina

     - schoolgirl, escaped from Mariupol to East Friesland

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"Closer to dangerous line": Putin diplomat warns gloomy after US announcement on Ukraine delivery

As experts: 

  • Florian Schroeder

     - cabaret artist and moderator

  • Eva Quadbeck -

    deputy editor-in-chief of the

    editorial network Germany

  • Jan Fleischhauer 

    -

    Focus

    -author

Against the background of the flight and the fear of many people in Ukraine, the financial problems in Germany sound almost manageable.

Finanztip

boss Hermann-Josef Tenhagen wants to show with advice that consumers have leeway;

social security in Germany is strong.

According to the motto “know how”, the consumer advocate advises, among other things, all low earners who are now presented with a fat energy bill to register with the job center for this month and apply for Hartz IV, since the federal agency has to bear these costs.

His next tip is also aimed at relieving customers and passing the buck to politicians: According to Tenhagen, consumers should insist on getting their energy from the default supplier, which would “double the prices, but not quadruple them”.

Politicians must solve the problem of overburdening that threatens municipalities.

Since industry and consumers are currently fighting for energy, especially gas, on the market, Tenhagen basically advises every household to save in order to help the market calm down.

Energy crisis at "Maischberger": DIW President sees many companies on the verge of collapse

The President of the German Institute for Economic Research (DIW), Marcel Fratzscher, is convinced that the high inflation rate of around nine percent will “continue” in the coming year, since some of the “high energy costs” have not yet been passed on to consumers became.

Fratzscher criticizes the "highly unsocial inflation" that people with low incomes "have to spend a lot more on living expenses" than higher earners.

According to Fratzscher, the introduction of the minimum wage will benefit six million people in Germany, but wage growth will only increase by four to five percent.

That's not enough to offset inflation.

Since prices rose at the same time,

The two experts are also forecasting an end for many companies, especially young and smaller companies.

Germany is in global competition.

But the competitors in the rest of the world currently have much lower energy costs and are in danger of overtaking Germany.

In addition, the competition abroad has planning security.

Fratzscher: “The concern is that if many companies go bankrupt, then it will cause permanent damage.

They will then be gone forever.” It is therefore the task of politicians to support these companies on their “path to transformation”.

However, the traffic light relief plans threaten to get stuck.

Conclusion of the “Maischberger.

The week” talks

The highlight of the program was the description given by the two women who fled from the Ukrainian port city of Mariupol, which is currently being annexed by Russia.

The teacher and student, whose bombed-out school had made headlines, bravely described how they braved the cold, darkness, bombs and disease in the basement for weeks.

The two women thus thwarted the second round of talks with the male energy experts.

The population was more "trustworthy", cabaret artist Florian Schröder said at the beginning of the talk.

The show hit that notch.

(Verena Schulemann)

Source: merkur

All news articles on 2022-10-05

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