DJ PRESS REVIEW/Interest rates, economy, capital markets, industries
The economic topics from the media, compiled by Dow Jones Newswires.
CRYPTO – After the enthusiasm surrounding the release of spot ETFs on Bitcoin in the USA, pessimistic forecasts for digital assets are increasing. According to Deutsche Bank, the hoped-for institutional adoption has not yet materialized. Bitcoin is sliding to its lowest levels since early December. (Stock exchanges newspaper)
DATA PROTECTION – According to information from Tagesspiegel, Ulrich Kelber (SPD) will not receive a second term as Federal Commissioner for Data Protection and Freedom of Information. Instead, the Greens and the FDP are negotiating in the Bundestag about possible candidates for successor. The two traffic light parties have the joint right to propose the position, which Kelber has only held on a provisional basis since the turn of the year. According to reports, the aim is to find a candidate without a party register or active political office. (Tagesspiegel)
DEXIT – AfD federal spokeswoman Alice Weidel is causing sharp criticism with her expressions of sympathy for Germany’s exit from the EU (“Dexit”). Leading German economists consider such simulation games to be dangerous – and point to Great Britain’s bad experiences. “Brexit is the case study from the last decade that shows how high the economic costs of turning away from Europe are,” said Moritz Schularick, President of the Kiel Institute for the World Economy (IfW). (Mirror)
WAGENKNECHT – The MPs from the new Alliance Sahra Wagenknecht (BSW) party and the remaining MPs from the Left are to be recognized by the Bundestag as independent groups on February 2nd. Corresponding information from the Süddeutsche Zeitung was confirmed by several sources from the Bundestag. Negotiations are already underway about the specific speaking times that should be granted to the shrunken Left and the BSW. (Southgerman newspaper)
POLAND – The two convicted PiS politicians Mariusz Kaminski and Maciej Wasik have been released from prison. Polish President Andrzej Duda had previously pardoned her again. They were jailed in January after being convicted of abuse of power in their previous roles. The fate of Kaminski and Wasik has become a central point of contention between the center-left government of Donald Tusk and the national conservative PiS. (Southgerman newspaper)
– All statements without guarantee.
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(END) Dow Jones Newswires
January 24, 2024 01:09 AM ET (06:09 GMT)
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