Olaf Storbeck reposted
Olaf Storbeck
Olaf Storbeck
@olafstorbeck.ft.com
Financial Times Frankfurt Bureau Chief. All Things ECB and European Macro. Previously: Reuters Breakingviews & Handelsblatt. Long distance cyclist. Car free since 2009. Views mine, not the FT's. (The FT's ones here: https://www.ft.com/ft-view)
10.4K followers382 following362 posts
European Central Bank president Christine Lagarde’s full pay is more than 50 per cent higher than her disclosed salary, according to a Financial Times analysis. www.ft.com/content/c7cd...
Over the past few weeks, Sebastien Ash, Florian Müller and I took a deep dive into the demise of German manufacturing. The situation appears so bleak that it really blows my mind. www.ft.com/content/239e...
German Chancellor Friedrich Merz has been accused by economists of channelling billions of euros of new debt intended for defence and infrastructure investments to fund a higher welfare budget and other ongoing expenditures. on.ft.com/4qUndnM
The ECB will soon fire the starting gun on a sweeping reshuffle of its top ranks — a contest that will ultimately decide who succeeds its president Christine Lagarde. Klaas Knot, Joachim Nagel and Pablo Hernández de Cos are among the contenders. on.ft.com/3JoMCFC
Rarely seen such a powerful @financialtimes.com reader‘s comment. I went off the sauce more than 1.5 years ago and my only regret is not having done it much earlier. My general wellbeing — including my mental health — improved beyond description. on.ft.com/3L7IoCy
Can Porsche be saved? Once one of the most reliable sources of profits for Volkswagen, it has plunged into its deepest crisis in three decades. Sebastien Ash & Kana Inagaki take stock - they even talked the the new CEO (when he still was at McLaren.) www.ft.com/content/a0c3...
Crazy days... who would have thought that there would be a day when I mention Tuffi, the circus elephant who famously jumped out of Wuppertal's suspension monorail in 1950 when a PR stunt went wrong, and roman emperor Nero in the very same FT article? www.ft.com/content/0400...
Olaf Storbeck reposted
German banks push private equity funds to retail investors on.ft.com/4qgUYjb
This post on the ECB's blong about the science behind this year's Economic Nobel laureates, is rather good: www.ecb.europa.eu/press/blog/d...
Rapha is in crisis mode with plunging sales and big losses - how Fran Millar, the fourth CEO in three years, wants to fix the cycling fashion brand. www.ft.com/content/8b55...
Industrieproduktion ist im August auf Niveau von 2005 eingebrochen - und 20% unter dem Peak von 2017. Die Autoproduktion liegt derzeit auf dem Niveau von 2000 und ist 60 Prozent unter dem Allzeit-Hoch. www.ft.com/content/745f...
Olaf Storbeck reposted
on.ft.com/4gwD4US In charts: Can Germany afford its €1.35tn welfare state? @chassnews.bsky.social @olafstorbeck.ft.com
Dating back to the days of Otto von Bismarck, German’s welfare spending is at all time high. It’s not v good at fighting poverty and set to become even more €€€. Joint work with @chassnews.bsky.social and @claradoodle.bsky.social on.ft.com/4mqdq5G
Die @stadtffm.bsky.social hat es heute auf die Titelseite der @financialtimes.com geschafft - weil sie ihr Versprechen bricht, der European School Frankfurt einen neuen Standort zu besorgen. Dort bezahlt die EZB jetzt neue Container. Christine Lagarde: "Das ist peinlich!"
Längerer Text online hier (Link führt 300x hinter die Paywall) on.ft.com/3Ip1NOr
Die @stadtffm.bsky.social hat es heute auf die Titelseite der @financialtimes.com geschafft - weil sie ihr Versprechen bricht, der European School Frankfurt einen neuen Standort zu besorgen. Dort bezahlt die EZB jetzt neue Container. Christine Lagarde: "Das ist peinlich!"
A decade after rescuing Greece from default, the ECB has launched a very different bailout in its own backyard: It has provided €6.9mn of funding to Frankfurt’s oversubscribed European School after the City of Frankfurt failed to deliver on promises to find a new site. www.ft.com/content/4a8c...
Olaf Storbeck reposted
I spoke to @olafstorbeck.ft.com @financialtimes.com after Thursday’s ECB Governing Council meeting: www.ft.com/content/da2e...
We asked 94 economists to describe the future path of US monetary policy in one sentence. Many only needed one word: “horrible”, “chaos”, a “disaster” an “Turkey“ on.ft.com/4n6eDj4
Olaf Storbeck reposted
I had a good talk with @olafstorbeck.ft.com & @financialtimes.com. There is simply no room for complacency about price stability. We have to be mindful of the downside risks to inflation. on.ft.com/4n4gSU7
A top European Central Bank policymaker has pushed back against the view among investors that another rate cut over coming months is off the table, stressing that inflation risks are currently “tipped to the downside”. Olli Rehn: “There is simply no room for complacency" www.ft.com/content/763f...
If you read one article this weekend, read this one on Israel. “The country’s moderates are not giving up the struggle against their rogue government — and progressives elsewhere must not give up on them, writes historian Fania Oz-Salzberger” on.ft.com/3Vo4r9Q
Olaf Storbeck reposted
Asbestos, gold and spiralling costs: Bundesbank weighs abandoning Frankfurt headquarters—It might be more economical to sell the old premises, which could be turned into a prime residential development… www.ft.com/content/e9d6... @olafstorbeck.ft.com @en.finalfantasyxiv.com
“We botched it with Riester, and I don’t know how many more chances we will get. We simply cannot afford to get it wrong again.” The prospect for Germany's state pension is dire. Berlin is now trying to nudge people to the stock market with a €10-a-month subsidy for kids www.ft.com/content/f1cb...
The Bundesbank is considering abandoning its landmark brutalist headquarters amid regulatory criticism of a multibillion euro redevelopment of the asbestos-stricken site, where half of the country’s gold reserves are stored. on.ft.com/460UoxH
Olaf Storbeck reposted
"London Edinburgh London 2025 must have been the best ‘cancelled’ ride in the history of cycling. Quickly relabeled “London Floris London”, it was a mass application of the principle that “when life gives you lemons, make lemonade.” #LEL25 #LEL2025 #Randonneur #Cycling #Audax #CyclingStories
My account of London Edinburgh London 2025 - the best 'cancelled' bike ride in the history of cycling: cycling-intelligence.com/2025/08/21/w...
My account of London Edinburgh London 2025 - the best 'cancelled' bike ride in the history of cycling: cycling-intelligence.com/2025/08/21/w...
Germany’s spending gamble - Friedrich Merz radical fiscal U turn and what it means for Europe's largest econony and the world, explained in a new FT video: www.youtube.com/watch?v=J9k4...
Olaf Storbeck reposted
💥 Christine Lagarde has discussed cutting short her term as European Central Bank president to become chair of the World Economic Forum, ousted WEF founder Klaus Schwab told @financialtimes.com A bonafide marmalade-dropper from @mjruehl.bsky.social & @olafstorbeck.ft.com on.ft.com/45sZ4fO
Das Faltrad, das Leben retten kann. Als wir Brompton Bicycle CEO Will Butler-Adams davon erzählten, dass dt Fahrradfahrer Geld für den Kauf von 10 gebrauchten Krankenwagen für die Ukraine sammeln, spendete er spontan ein Brompton G Line Faltrad. Versteigerung läuft. www.ebay.de/itm/29728430...
Two of Europe’s most powerful trade unions have accused European Central Bank president Christine Lagarde of undermining workers’ rights at the Frankfurt institution, escalating a long-running and bitter feud over labour relations. www.ft.com/content/423a...
More about the Chainreaction Bike Convoy protect, which aims to fun 10 ambulances for Ukraine: chainreaction-bikeconvoy.org/de/home/
If you want to support our charity project, please donate directly to the charity Bamberg:UA Kontoinhaber: Bamberg:UA e.V. IBAN: DE05 7639 1000 0001 5183 13 Verwendungszweck: Chainreaction Bikeconvoy Frankfurt / Rettungswagen Or use Donorbox: lnkd.in/e64ygqp4
Here is the route - it is stunning and beautiful, mainly on traffic-free cycle paths and quiet roads. You can tackle do it in a 2-4 day tour, with potential stops in Lauterbach, Schlitz, Tann and Schlüchtern. ridewithgps.com/routes/50346...
How was your weekend? Mine was great: I cycled 312km on Saturday in 17:33 hours for the final route check of Two Peaks Frankfurt. We are raising funds to buy a used ambulance for Ukraine. You can support us too! Donate straight to Bamberg:UA, the charity we are supporting. lnkd.in/e64ygqp4