Robert-Bosch-Group is one of Germany’s most prominent multinationals. It is a symbol for the real economy (as opposed to the shadow economy of financial markets). When the Chairman of the RBG talks publicly in Germany, it is like Warren Buffett talking publicly in the US.
Manager-Magazin will publish an interview with Franz Fehrenbach, CEO of RBG, on February 17. Excerpts have been made public today.
Mr. Fehrenbach calls on Greece to leave the EU and the Eurozone. He calls the Greek system “rotten” and describes Greece as an unbearable burden for a solidarity union. “This country of phantom pensioners and rich tax evaders, a state without a functioning administration has no place in the EU”. If necessary, the EU should expel Greece from the EU.
I see two possibilities: either Manager-Magazin will be pressured not to publish this interview or, if not, this interview will cause shock waves in Germany, if not in other countries as well.