Menu
Sign In Search Podcasts Libraries Charts People & Topics Add Podcast API Blog Pricing

Bojan Pancevski

👤 Speaker
560 total appearances

Appearances Over Time

Podcast Appearances

The Journal.
Germany’s Economy Is Spiraling. Can War Fix It?

The economy hasn't effectively grown since 2018.

The Journal.
Germany’s Economy Is Spiraling. Can War Fix It?

It's the longest period of time of stagnation since the Second World War.

The Journal.
Germany’s Economy Is Spiraling. Can War Fix It?

So it's alarming, essentially, at this stage.

The Journal.
Germany’s Economy Is Spiraling. Can War Fix It?

Polls are showing that people have a very dim view of the future.

The Journal.
Germany’s Economy Is Spiraling. Can War Fix It?

The majority thinks that their children will be worse off than their parents.

The Journal.
Germany’s Economy Is Spiraling. Can War Fix It?

The stagnation of Europe's biggest economy has been one of the burning issues of the campaign.

The Journal.
Germany’s Economy Is Spiraling. Can War Fix It?

Others have been support for Ukraine.

The Journal.
Germany’s Economy Is Spiraling. Can War Fix It?

And the minister of the economy is a woman called Katarina Reiche.

The Journal.
Germany’s Economy Is Spiraling. Can War Fix It?

She comes from business herself.

The Journal.
Germany’s Economy Is Spiraling. Can War Fix It?

She used to be in energy, in the energy trade.

The Journal.
Germany’s Economy Is Spiraling. Can War Fix It?

She dealt with gas and so on.

The Journal.
Germany’s Economy Is Spiraling. Can War Fix It?

And she's very, very much attuned to the mood inside the business community.

The Journal.
Germany’s Economy Is Spiraling. Can War Fix It?

So Katerina Reiche, the economy minister, figured that out and realized we need to onshore manufacturing for these things.

The Journal.
Germany’s Economy Is Spiraling. Can War Fix It?

We need to start making these things ourselves in Germany, but also in Europe, or then start exporting them to our partners elsewhere.

The Journal.
Germany’s Economy Is Spiraling. Can War Fix It?

So she came up with this idea of setting up a platform, matchmaking platform, where businesses from across the manufacturing economy can log in and offer their services in manufacturing things that the defense industry needs.

The Journal.
Germany’s Economy Is Spiraling. Can War Fix It?

Once you enter that zone, the defense industry, you are no longer exposed to the competitive pressures from Asia and elsewhere because it's just the way it works.

The Journal.
Germany’s Economy Is Spiraling. Can War Fix It?

Allies buy from allies.

The Journal.
Germany’s Economy Is Spiraling. Can War Fix It?

They're not going to buy from adversaries.

The Journal.
Germany’s Economy Is Spiraling. Can War Fix It?

I think, you know, there used to be a stigma because Germany is a very pacifist nation for obvious reasons of history.

The Journal.
Germany’s Economy Is Spiraling. Can War Fix It?

And has, until the war in Ukraine, been extremely restrictive with government contracts for weapons factories, with exports.