In talk with Morgenland magazine, No. 86: German Welfare and Social State vs. Dubai dreams came true:

The German Welfare and Social State would probably not survive a Crash after the Crash 2010.

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Which enormous efforts National Governments, Economies, Unions and industrial Associations are necessary to guard against the danger of a crash after the crash and a super recession, was evident by the meagre result of the G20 summit in Pittsburgh/USA. A similar information can be gleaned from the “Fall Report on the German Economic Situation” and the harsh criticism by the “Council of Economic Experts” directed at the Coalition Government in Germany. The pre-conditions laid down in the coalition agreement make it more than clear how fragile the support for the Government’s endeavours really is.

Chancellor Angela Merkel came right to the point in saying: ”There is no guarantee that the Economy will start up all by itself.” Although Germany appeared to weather the year 2009 fairly well, it is likely that 2010 will be a much more difficult year. Chancellor Merkel has made this abundantly clear in her public address to the Nation on account of the New Year.

For this reason our principles, set forth in our Handbook for Insolvency of State and Economy (2010 Gabler Publishing) – “Master Plan for the Restructuring of the World Economy” carry even more weight.

The total Finance- and Economic Power of our country should be turned towards the Real Economy, Green Technology Research, and other High Technology, into Education on all Levels, in Project Cooperation on international Level with Partner such as China, India Russia UAE and the Arabian World.

A radical turnabout of the Finance Market Stabilization Legislation and the Economic Growth Speedup Legislation is necessary. (www.munk-group.com) Stabilization of banks and Insurances remain important, however, by far not as important as stabilizing the medium size industry and its job market. All possible efforts should be directed towards this task.

The protection of the Federal Republic of Germany, its citizens and wealth of state and the welfare of the people require the temporary public administration of the bankrupt Federal States, of course within the framework provided for by the Constitution and the Emergency Legislation. The necessary reforms should be enforced by the Federal Governments until these States have returned their finances to a level as required by the Constitution. Wasteful spending on all levels should be forcefully stopped.

On all Levels were Decisions are taken for State and Economy a strategic Re-Orientation must be brought about, away from the Fragmentation Philosophy of some Insolvency Administrators and be redirected towards the thinking of Restructuring Experts.

Only then the most important national task since the fall of the wall will have been taken on. It is the radical restructuring of the German Economic- and Finance System, the modernization of all educational systems, and the creation of millions of new jobs. It will succeed only if the capital supply will be directed to support the above actions. In Dubai, after completion the Burj Al Arab within one decade dreams came true. Germany must be able to do likewise.