Will It Be A Proper Landing For Lufthansa?

Or will it be more of an arrival?

Lufthansa

Or is it time to say goodbye? I wouldn’t place any bets on this one, folks. Lufthansa got kicked out of the DAX yesterday –  while Wirecard was allowed to stay? Go figure.

Lufthansa, Berlin in eleventh hour bailout rescue attempt – The German government leapt into action Monday (22 June) to rescue a proposed €9 billion coronavirus bailout for Lufthansa that has run into resistance from a billionaire shareholder…

The clock is ticking as Lufthansa shareholders are voting Thursday (25 June) on the rescue plan, which would see Berlin take a 20% stake in the company with the option of adding 5% more in the case of a hostile takeover bid.

Weiterhin keine Einigung zu Stellenabbau bei Lufthansa.

German Of The Day: Lieber ein Ende mit Schrecken als ein Schrecken ohne Ende

That means “better a terrifying end than unending terror.” In other words, it’s time for Greece to get those drachma machines running again.

Greece

But the Greeks already know this themselves. That’s what they just voted for. Sure, we’ll get to watch how Greece and the EU (Germany) play around with each other for a few weeks as if both sides are tying to find a new solution for a solution that has already long been in place but in the end Greece will leave the EU. This new Greek government is the undertaker man (don’t shake that guy’s hand!). They will point their fingers at Germany on the way out telling Greek voters “we tried everything we could, but…” and then, well, it’s back to the real world again. And this will be a good thing for Greece – in the long run.

Hey, this reminds me of another German saying: Geh mit Gott, aber geh! Go with God, but go!

Entgegen allen Warnungen aus Deutschland und Europa lehnt die griechische Regierung Gespräche mit den internationalen Geldgebern ab. Sie seien in Athen nicht willkommen.