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olafstorbeck.ft.com
Olaf Storbeck
@olafstorbeck.ft.com
10K followers 380 following 350 posts
Financial Times Frankfurt Bureau Chief. All Things ECB and European Macro. Previously: Reuters Breakingviews & Handelsblatt. Long distance cyclist. Car free since 2009. Views mine, not the FT's. (The FT's ones here: https://www.ft.com/ft-view)
www.ft.com
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olafstorbeck.ft.com
Olaf Storbeck @olafstorbeck.ft.com · 7h
Industrieproduktion ist im August auf Niveau von 2005 eingebrochen - und 20% unter dem Peak von 2017. Die Autoproduktion liegt derzeit auf dem Niveau von 2000 und ist 60 Prozent unter dem Allzeit-Hoch. www.ft.com/content/745f...
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olafstorbeck.ft.com
Olaf Storbeck @olafstorbeck.ft.com · 16d
also note we are not talking about Germany's competitiveness but about firms' competitiveness
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olafstorbeck.ft.com
Olaf Storbeck @olafstorbeck.ft.com · 16d
Raub = Gewalt im Spiel
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olafstorbeck.ft.com
Olaf Storbeck @olafstorbeck.ft.com · 16d
Vielleicht erklärt dem SPIEGEL jmd bei Gelegenheit den Unterschied zwischen RAUB und DIEBSTAHL?
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olafstorbeck.ft.com
Olaf Storbeck @olafstorbeck.ft.com · 16d
the more relevant chart in the competitiveness context / labour costs is this one
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Reposted by Olaf Storbeck
valpop.bsky.social
Valentina Pop @valpop.bsky.social · 17d
on.ft.com/4gwD4US In charts: Can Germany afford its €1.35tn welfare state? @chassnews.bsky.social @olafstorbeck.ft.com
In charts: Can Germany afford its €1.35tn welfare state?
[FREE TO READ] Chancellor Friedrich Merz wants benefit cuts, but his coalition partners are pushing back
on.ft.com
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olafstorbeck.ft.com
Olaf Storbeck @olafstorbeck.ft.com · 17d
doyou think share of GDP was hih in 2008 under current definitions?
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olafstorbeck.ft.com
Olaf Storbeck @olafstorbeck.ft.com · 17d
Also trend since 2009 is very clear: welfare spending is on a rising trajectory and expenses are rising faster than nominal GDP
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olafstorbeck.ft.com
Olaf Storbeck @olafstorbeck.ft.com · 17d
Chart is straight out of official government reporting www.bmas.de/SharedDocs/D...
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olafstorbeck.ft.com
Olaf Storbeck @olafstorbeck.ft.com · 17d
Did you read the piece
olafstorbeck.ft.com
Olaf Storbeck @olafstorbeck.ft.com · 17d
Dating back to the days of Otto von Bismarck, German’s welfare spending is at
all time high. It’s not v good at fighting poverty and set to become even more €€€. Joint work with @chassnews.bsky.social and @claradoodle.bsky.social
on.ft.com/4mqdq5G
In charts: Can Germany afford its €1.35tn welfare state?
Chancellor Friedrich Merz wants benefit cuts, but his coalition partners are pushing back
on.ft.com
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olafstorbeck.ft.com
Olaf Storbeck @olafstorbeck.ft.com · 18d
Erinnert mich an das Schild am Reibekuche-Stand auf dem Düsseldorfer Karlsplatz ”Vorsicht Fettspritzer - keine Haftung!”
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Olaf Storbeck @olafstorbeck.ft.com · 19d
Längerer Text online hier (Link führt 300x hinter die Paywall) on.ft.com/3Ip1NOr
ECB’s unlikely €6.9mn school bailout funds classrooms in containers
[FREE TO READ] Central bank provides emergency help to oversubscribed Frankfurt European school after plan for new premises fails
on.ft.com
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olafstorbeck.ft.com
Olaf Storbeck @olafstorbeck.ft.com · 19d
Bei der Führung durch die neuen Container der Europäischen Schule Frankfurt dachte ich ja, ich hätte mich in der Adresse geirrt und würde ein Flüchtlingsheim besuchen
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olafstorbeck.ft.com
Olaf Storbeck @olafstorbeck.ft.com · 19d
Die @stadtffm.bsky.social hat es heute auf die Titelseite der @financialtimes.com geschafft - weil sie ihr Versprechen bricht, der European School Frankfurt einen neuen Standort zu besorgen. Dort bezahlt die EZB jetzt neue Container. Christine Lagarde: "Das ist peinlich!"
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olafstorbeck.ft.com
Olaf Storbeck @olafstorbeck.ft.com · 20d
A decade after rescuing Greece from default, the ECB has launched a very different bailout in its own backyard: It has provided €6.9mn of funding to Frankfurt’s oversubscribed European School after the City of Frankfurt failed to deliver on promises to find a new site. www.ft.com/content/4a8c...
ECB’s unlikely €6.9mn school bailout funds classrooms in containers
Central bank provides emergency help to oversubscribed Frankfurt European school after plan for new premises fails
www.ft.com
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olafstorbeck.ft.com
Olaf Storbeck @olafstorbeck.ft.com · 22d
Langsam bekomme ich wirklich Mitleid mit Markus Braun. Der hat nicht nur eine Milliarde verloren und seine Freiheit, die Kollegen vom Spiegel nehmen ihm jetzt auch noch seinen Titel als Wirecard-Boss.
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Reposted by Olaf Storbeck
magratheantimes.bsky.social
magratheantimes.bsky.social @magratheantimes.bsky.social · 24d
I spoke to @olafstorbeck.ft.com @financialtimes.com after Thursday’s ECB Governing Council meeting:

www.ft.com/content/da2e...
ECB rate cuts at ‘or very close to’ end, says Austria’s central bank governor
Without any major surprises, arguments that led to this month’s hold should still apply, Martin Kocher tells FT
www.ft.com
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olafstorbeck.ft.com
Olaf Storbeck @olafstorbeck.ft.com · Sep 1
We asked 94 economists to describe the future path of US monetary policy in one sentence. Many only needed one word: “horrible”, “chaos”, a “disaster” an “Turkey“
on.ft.com/4n6eDj4
Investors underestimate Donald Trump’s threat to the Federal Reserve, economists warn
FT survey cites fears that president’s assault has caused long-term damage to the US central bank and economy
on.ft.com
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Reposted by Olaf Storbeck
ollirehn.suomenpankki.fi
Olli Rehn @ollirehn.suomenpankki.fi · Aug 31
I had a good talk with @olafstorbeck.ft.com & @financialtimes.com. There is simply no room for complacency about price stability. We have to be mindful of the downside risks to inflation.

on.ft.com/4n4gSU7
‘No room for complacency’, warns top ECB policymaker after traders cool on rate cuts
Finland central bank governor Olli Rehn says inflation risks ‘currently tipped to the downside’
on.ft.com
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olafstorbeck.ft.com
Olaf Storbeck @olafstorbeck.ft.com · Aug 31
A top European Central Bank policymaker has pushed back against the view among investors that another rate cut over coming months is off the table, stressing that inflation risks are currently “tipped to the downside”. Olli Rehn: “There is simply no room for complacency" www.ft.com/content/763f...
‘No room for complacency’, warns top ECB policymaker after traders cool on rate cuts
Finland central bank governor Olli Rehn says inflation risks ‘currently tipped to the downside’
www.ft.com
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olafstorbeck.ft.com
Olaf Storbeck @olafstorbeck.ft.com · Aug 30
We don’t hide anything but they have to pay my salary somehow. Please don’t discuss articles you have not read in future in conversations with me as I don’t want to waste my time
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olafstorbeck.ft.com
Olaf Storbeck @olafstorbeck.ft.com · Aug 30
Have you read the piece?
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olafstorbeck.ft.com
Olaf Storbeck @olafstorbeck.ft.com · Aug 30
If you read one article this weekend, read this one on Israel.

“The country’s moderates are not giving up the struggle against their rogue government — and progressives elsewhere must not give up on them, writes historian Fania Oz-Salzberger”

on.ft.com/3Vo4r9Q
The battle for the soul of Israel
The country’s moderates are not giving up the struggle against their rogue government — and progressives elsewhere must not give up on them, writes historian Fania Oz-Salzberger
on.ft.com
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Reposted by Olaf Storbeck
a-reader-ft.bsky.social
A Reader of the FT @a-reader-ft.bsky.social · Aug 28
Asbestos, gold and spiralling costs: Bundesbank weighs abandoning Frankfurt headquarters—It might be more economical to sell the old premises, which could be turned into a prime residential development…  www.ft.com/content/e9d6... @olafstorbeck.ft.com @en.finalfantasyxiv.com
Asbestos, gold and spiralling costs: Bundesbank weighs abandoning Frankfurt headquarters
A €3.3bn refurbishment of the brutalist site has come under fire from Germany’s Federal Audit Office
www.ft.com
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