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YT
                                                                                      Dialogue of
                                                                                      civilization!




       WPF – Youth Time

       The financial crisis in Europe: What I learn from it!




                                                           WPF – Youth Time
                                                           The financial crisis
                                                           Moritz von Bonin
                                                           Rhodes, 11. October 2011
27.10.2011                         YT - Moritz von Bonin                                 1
How Germany developed its economy since 1945                                                           YT
                                                                                                       Dialogue of
                                                                                                       civilization!




A brief historical review


    1948 - 1952             − A 13 Billion $ (today’s worth 75 Billion EUR) support of the West European
                              economies by the United States
                            − Act of humanity, combat the spread of communism and create a market for
   Marshall Plan              US products
                            − Impact on Germany: 1,3 Billion $ and the first step of European integration

                            − Until now Germany spend 1,4 Trillion EUR to reconstruct eastern Germany
        1990                − Financing of the reunification: Tax increase and additional national debts
                            − Impact until now: 30 Billion EUR on top interest payment p.a.
   Reunification            − Result of the east: Top class schools and universities; innovative industry


                            − Successful strong industrial brands (BMW, Siemens …)
        2010                − High quality of green industry (wind, solar, …)
                            − Industrial back bone with strong small and medium-sized businesses
  Financial Crisis          − Low unemployment rates and discipline of state finance



    27.10.2011                                YT - Moritz von Bonin                                       2
Why Germany seems to be in a position of comfort                                                    YT
                                                                                                    Dialogue of
                                                                                                    civilization!




Assumption of success

                          − The experience that you have to react flexible in a fast changing world
             1
                          − The perspective to “focus on top quality and never rest, always try to become
                            better”
        Change            − Invest in education and research
                          − Support of innovation and creation of an environment of free thinking

                          − Development of the brand “Made in Germany
                                                       Made Germany”
             2
                          − Free trading within the EU
                          − Find the way into new markets (e.g. China, Brazil)
         Market           − Understand and react faster then others on long term trends


                          − Policy of unity and not of dividing (e.g. in the EU)
             3
                          − Joint interests and friendship with all former enemies (e.g. Russia, France)
                          − Benefit: No need for boarder protection, low military spending (1.4%* of GDP
         Peace              Germany, 4.7%* USA, 4.0%* in Greece)



* World Bank; Year 2009
      27.10.2011                            YT - Moritz von Bonin                                      3
The fundament of a successful future will be                                                                YT
“The dialogue of civilization!”                                                                            Dialogue of
                                                                                                           civilization!




Key assumptions of future success

 1                Development [trends]                                     Exchange [civilization]                   2
 − Megatrends and how they influence societies                 − Learn about other perspectives
      and change values of people                              − Understand other cultures
 − Forecasting the future and understand the history           − Reflect my own point of view
             Future
                     Examples:                                            Examples:
 China                  Easternization                                     YT Altai
               Water
                        Internet usage
                        Water needs
                                                      YT
                                                    Dialogue of
 3                Discussion [current events]                              Networking [dialogue]                     4
                                                    civilization!
 − Analyze incidents that have global                                     − Create a Network of people that are:
   impact                                                             Open minded, willed to look across the own
 − Discuss root cause, development and effect                         boarders and share a fundament of values
                   Examples:                                   Examples:
                     Financial crisis in Europe                  YT Altai
                     Arabic Revolution                           Facebook
                                                                 Meet and visit each other


     27.10.2011                                   YT - Moritz von Bonin                                       4

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The financial crisis through a German perspective

  • 1. YT Dialogue of civilization! WPF – Youth Time The financial crisis in Europe: What I learn from it! WPF – Youth Time The financial crisis Moritz von Bonin Rhodes, 11. October 2011 27.10.2011 YT - Moritz von Bonin 1
  • 2. How Germany developed its economy since 1945 YT Dialogue of civilization! A brief historical review 1948 - 1952 − A 13 Billion $ (today’s worth 75 Billion EUR) support of the West European economies by the United States − Act of humanity, combat the spread of communism and create a market for Marshall Plan US products − Impact on Germany: 1,3 Billion $ and the first step of European integration − Until now Germany spend 1,4 Trillion EUR to reconstruct eastern Germany 1990 − Financing of the reunification: Tax increase and additional national debts − Impact until now: 30 Billion EUR on top interest payment p.a. Reunification − Result of the east: Top class schools and universities; innovative industry − Successful strong industrial brands (BMW, Siemens …) 2010 − High quality of green industry (wind, solar, …) − Industrial back bone with strong small and medium-sized businesses Financial Crisis − Low unemployment rates and discipline of state finance 27.10.2011 YT - Moritz von Bonin 2
  • 3. Why Germany seems to be in a position of comfort YT Dialogue of civilization! Assumption of success − The experience that you have to react flexible in a fast changing world 1 − The perspective to “focus on top quality and never rest, always try to become better” Change − Invest in education and research − Support of innovation and creation of an environment of free thinking − Development of the brand “Made in Germany Made Germany” 2 − Free trading within the EU − Find the way into new markets (e.g. China, Brazil) Market − Understand and react faster then others on long term trends − Policy of unity and not of dividing (e.g. in the EU) 3 − Joint interests and friendship with all former enemies (e.g. Russia, France) − Benefit: No need for boarder protection, low military spending (1.4%* of GDP Peace Germany, 4.7%* USA, 4.0%* in Greece) * World Bank; Year 2009 27.10.2011 YT - Moritz von Bonin 3
  • 4. The fundament of a successful future will be YT “The dialogue of civilization!” Dialogue of civilization! Key assumptions of future success 1 Development [trends] Exchange [civilization] 2 − Megatrends and how they influence societies − Learn about other perspectives and change values of people − Understand other cultures − Forecasting the future and understand the history − Reflect my own point of view Future Examples: Examples: China Easternization YT Altai Water Internet usage Water needs YT Dialogue of 3 Discussion [current events] Networking [dialogue] 4 civilization! − Analyze incidents that have global − Create a Network of people that are: impact Open minded, willed to look across the own − Discuss root cause, development and effect boarders and share a fundament of values Examples: Examples: Financial crisis in Europe YT Altai Arabic Revolution Facebook Meet and visit each other 27.10.2011 YT - Moritz von Bonin 4