Jürgen Stark
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Jürgen Stark
Jürgen Stark (born 31 May 1948 in Gau-Odernheim, Germany) is a German economist who served as a member of the Executive Board of the European Central Bank from 2006 to 2011 and concurrently as ECB chief economist. Within the Executive Board, he was responsible for Economics and for Monetary Analysis and resigned before expiration of his term in opposition to ECB's bond-buying programme. Early life and education Stark grew up in Rhineland-Palatinate. His father owned a vineyard in Gau-Odernheim in the Rheinhessen wine region. Stark, the second son, considered continuing in the family business. He studied economics at the University of Hohenheim and University of Tübingen, both near Stuttgart, from 1968 to 1973. During that time, he told an interviewer he participated in protests including against the Vietnam War: “We all, more or less at one point or time or another, had revolutionary ideas about what was just. But this was an episode that came to an end with the end of my stu ...
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European Central Bank
The European Central Bank (ECB) is the prime component of the monetary Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union. It is one of the world's Big Four (banking)#International use, most important central banks. The Governing Council of the European Central Bank, ECB Governing Council makes the projects for the monetary policy for the European Union with suggestions and recommendations and to the Eurozone with more direct applications of such policies, it also administers the foreign exchange reserves of EU member states in the Eurozone, engages in foreign exchange operations, and defines the intermediate monetary aims and objectives, and also the common interest rates for the EU. The Executive Board of the European Central Bank, ECB Executive Board makes policies and decisions of the Governing Council, and may give direction to the national central banks, especially when doing so for the Eurozone central ...
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Stuttgart
Stuttgart (; Swabian: ; ) is the capital and largest city of the German state of Baden-Württemberg. It is located on the Neckar river in a fertile valley known as the ''Stuttgarter Kessel'' (Stuttgart Cauldron) and lies an hour from the Swabian Jura and the Black Forest. Stuttgart has a population of 635,911, making it the sixth largest city in Germany. 2.8 million people live in the city's administrative region and 5.3 million people in its metropolitan area, making it the fourth largest metropolitan area in Germany. The city and metropolitan area are consistently ranked among the top 20 European metropolitan areas by GDP; Mercer listed Stuttgart as 21st on its 2015 list of cities by quality of living; innovation agency 2thinknow ranked the city 24th globally out of 442 cities in its Innovation Cities Index; and the Globalization and World Cities Research Network ranked the city as a Beta-status global city in their 2020 survey. Stuttgart was one of the host cities ...
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Senckenberg Nature Research Society
The Senckenberg Nature Research Society (german: link=no, Senckenberg Gesellschaft für Naturforschung, until 2008 ''Senckenbergische Naturforschende Gesellschaft'') is a German scholarly society with headquarters in Frankfurt am Main. Overview Its purpose is to conduct research in the natural sciences and make the results of nature research available to the public. The society was founded by Frankfurt citizens on 22 November 1817 on the initiative of Johann Wolfgang von Goethe, and is named for the physician, naturalist, botanist and philanthropist Johann Christian Senckenberg (1707–1772). It shares the Senckenberg name with the Dr. Senckenberg Foundation, founded by Senckenberg in 1763, but is a separate organisation. The Senckenberg Nature Research Society owns several research institutes and museums, such as the Naturmuseum Senckenberg and the Naturkundemuseum Görlitz.W. Kramer, ''Chronik der Senckenbergischen Naturforschenden Gesellschaft 1817–1966'', Senckenberg B ...
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Ifo Institute For Economic Research
The Ifo Institute for Economic Research is a Munich-based research institution. Ifo is an acronym from Information and Forschung (research). As one of Germany's largest economic think-tanks, it analyses economic policy and is widely known for its monthly Ifo Business Climate Index for Germany. Its research output is significant: about a quarter of the articles published by German research institutes in international journals in economics in 2006 were from Ifo researchers. The Frankfurter Allgemeine Zeitung The ''Frankfurter Allgemeine Zeitung'' (; ''FAZ''; "''Frankfurt General Newspaper''") is a centre-right conservative-liberal and liberal-conservativeHans Magnus Enzensberger: Alter Wein in neuen Schläuchen' (in German). ''Deutschland Radio'', ... ranks it as Germany's most influential economics research institute. Ifo Business Climate Index Ifo's Business Climate Index is a leading early indicator of economic activity released monthly since 1972. The database underlying t ...
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Friedrich-August-von-Hayek-Stiftung
The Friedrich-August-von-Hayek-Stiftung was founded in May 1999 to mark the 100th birthday of the Nobel Prize winner Friedrich August von Hayek. The foundation has its seat in Freiburg im Breisgau (South Germany) and is run by Dr. habil Lüder Gerken.Executive Board
Sponsors are Wüstenrot & Württembergische AG. Its aim is, in its own words, to strengthen and promote the basic principles of a economic and social order at both national and international level, as expounded by Friedrich August von Hayek. Hayek Prize The Friedrich-August-von-Hayek-Stiftung grants the International Prize and the Journalism Prize every two years. These prizes are awarded to pers ...
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Focus (German Magazine)
''Focus'' (styled as ''FOCUS'') is a German-language news magazine published by Hubert Burda Media. Established in 1993 as an alternative to the '' Der Spiegel'' weekly news magazine, since 2015 the editorial staff has been headquartered in Germany's capital of Berlin. Alongside Spiegel and Stern, Focus is one of the three most widely circulated German weeklies. The concept originated from Hubert Burda and Helmut Markwort, who went from being Editor-in-chief to become publisher in 2009 and since 2017 has been listed in the publication's masthead as founding editor-in-chief. As of March 2016 the editor-in-chief of ''Focus'' was Robert Schneider. History Under the code name "Zugmieze", work commenced on Focus in the summer of 1991. In October 1992, Hubert Burda Media announced plans for a new weekly news magazine. Observers initially gave the project only little chance for success. Several attempts of other publishers to establish a competitor to Spiegel and Stern magazines had ...
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Bertelsmann Stiftung
The Bertelsmann Stiftung is an independent foundation under private law, based in Gütersloh, Germany. It was founded in 1977 by Reinhard Mohn as the result of social, corporate and fiscal considerations. As the Bertelsmann Stiftung itself has put it, the foundation promotes "reform processes" and "the principles of entrepreneurial activity" to build a "future-oriented society." Since 1993, the Bertelsmann Stiftung has held the majority of capital shares in the Bertelsmann Group. It holds 80.9% together with the Reinhard Mohn Stiftung and the BVG Stiftung but has no voting rights. History Establishment of the foundation At the end of the 1970s, there were discussions concerning who would follow Reinhard Mohn as chairman of Bertelsmann. Against this background and because he believed that the state must be able to count on its citizens' willingness to assume responsibility and take the initiative, Mohn founded the Bertelsmann Stiftung on 8 February 1977. It was officia ...
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Amundi
Amundi is a French asset management company. With €2 trillion of assets under management (AUM) at the end of 2021, it is the largest asset manager in Europe and one of the 10 biggest investment managers in the world. Founded on 1 January 2010, the company is the result of the merger between the asset management activities of Crédit Agricole (Crédit Agricole Asset Management, CAAM) and Société Générale (Société Générale Asset Management, SGAM). Amundi Group has been listed on the Euronext stock exchange since November 2015. Its majority shareholder is Crédit Agricole S.A. In legal terms, Amundi Group owns Amundi Asset Management, as well as several other subsidiaries in the asset management sector, notably CPR Asset Management (CPR AM) and BFT Investment Managers (BFT IM) in France. In 2017, the Amundi group acquired Pioneer Investments, the asset management subsidiary of Unicredit, and in 2021 acquired Lyxor Asset Management, a subsidiary of Société Générale. Am ...
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European Sovereign Debt Crisis
The European debt crisis, often also referred to as the eurozone crisis or the European sovereign debt crisis, is a multi-year debt crisis that took place in the European Union (EU) from 2009 until the mid to late 2010s. Several eurozone member states (Greece, Portugal, Ireland, Spain, and Cyprus) were unable to repay or refinance their government debt or to bail out over-indebted banks under their national supervision without the assistance of third parties like other eurozone countries, the European Central Bank (ECB), or the International Monetary Fund (IMF). The eurozone crisis was caused by a balance-of-payments crisis, which is a sudden stop of foreign capital into countries that had substantial deficits and were dependent on foreign lending. The crisis was worsened by the inability of states to resort to devaluation (reductions in the value of the national currency) due to having the Euro as a shared currency. Debt accumulation in some eurozone members was in part due t ...
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International Monetary Fund
The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." Formed in 1944, started on 27 December 1945, at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international monetary system. It now plays a central role in the management of balance of payments difficulties and international financial crises. Countries contribute funds to a pool through a quota system from which countries experiencing balance of payments problems can borrow money. , the fund had XDR 477 billion (a ...
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List Of Deputy Finance Ministers Of Germany
{{Short description, none This is a list of deputy finance ministers of Germany, who since 1967 come in two types: the Parliamentary State Secretaries (german: Parlamentarische Staatssekretäre), appointed by the parliament, and the Civil Service State Secretary (''Beamtete Staatssekretäre''), who have civil service status. Deputy Finance Ministers Parliamentary State Secretaries * 1967–1969: Albert Leicht ( CDU) * 1969–1971: Gerhard Reischl (SPD) * 1971–1974: Hans Hermsdorf (SPD) * 1972–1974: Konrad Porzner (SPD) * 1974–1982: Karl Haehser (SPD) * 1975–1978: Rainer Offergeld (SPD) * 1978–1982: Rolf Böhme (SPD) * 1982: Gunter Huonker (SPD) * 1982–1989: Hansjörg Häfele ( CDU) * 1982–1990: Friedrich Voss (CSU) * 1989–1993: Manfred Carstens ( CDU) * 1990–1994: Joachim Grünewald ( CDU) * 1993–1994: Jürgen Echternach ( CDU) * 1994–1998: Irmgard Karwatzki ( CDU) * 1994–1995: Kurt Faltlhauser (CSU) * 1995–1998: Hansgeorg Hauser (CSU) * 1998– ...
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