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Locusts out

Germany is rightly worried that its model is being undermined by foreign investors

By Bob Bischof   June 2005

The successful removal by a few determined Anglo-Saxon hedge fund managers of Werner Seifert and Rolf Breuer from their jobs running Deutsche Börse AG, the company which manages Germany’s stock exchanges, has set the cat among the pigeons in the fatherland.

It has further inflamed the so-called “capitalism debate,” which started a few weeks ago as a populist throwaway line in the run-up to the important state election in North Rhine Westphalia. Franz Müntefering, the normally moderate chairman of the SPD, talked about “swarms of locusts” falling over German business. He was referring to Anglo-Saxon equity investors who make a…

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