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Rösler plans to sell off state-owned firms
Published: 25 Dec 12 13:17 CET | Print version
Online: http://www.thelocal.de/money/20121225-46973.html
Economy Minister Philipp Rösler is planning a sell-off of state-owned companies such as Deutsche Telekom and Deutsche Bahn, according to a position paper from his ministry.
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The aim is to pump billions into the federal budget, the paper said. Immediate measures could include the calling up of an expert commission to work out concrete suggestions of how to raise money.
The balancing of the federal budget has been planned for 2016, but this could be reached earlier if the government sells its shares in a number of commercial ventures.
A payment of profit dividends from the KfW state-owned investment bank would also help to boost federal budget figures - and contribute to fairness within the banking sector, the minister also suggested.
The federal state owns 14.8 percent of Deutsche Telekom, which is worth €1.67 billion, while its 16.9 percent of the KfW is worth €1.8 billion, Die Welt said.
The state is 100-percent owner of Deutsche Bahn, which has been valued at €2 billion. It also owns significant shares in Deutsche Post and the airports Berlin-Schönefeld, Cologne/Bonn and Munich.
The Local/hc
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Your comments about this article:
Example: Manchester - London return leaving Manchester at 07.15 and returning at 17.00, cost €270 (ca. 320 km).
Hamburg - Dortmund return leaving and returning at roughly the same times, cost at normal fares €152 (ca. 340 km).
There is only one winner with privatisation and it is not the passenger.
The example by @Tonne is a perfect display of what happens, and London to Manchester is not a line between two little places. The government can mandate such things, but a private, for-profit company will always find a way to get around those regulations.
wa
Whilst they are at it. Any chance they could do something about GEMA. Another dinosaur that has no place in Germany or Europe today.
I often agree with your points but not today ,letting public services into private hands has proved a disaster in many countries.
Please don't hold up Ryanair as a example ,if I catch a D.B. train to a destination ,I will arrive at that destination not many kilometers away having been charged for everything including the use of a wheelchair if one is needed .In fact a good example of profit over service and safety .Remember also the "cheap" internet providers use lines owned and maintained by D.T. and they will not provide a line to places off the beaten track.
However I agree wholeheartedly about GEMA ,is there a Facebook page calling for it removal yet ?.
There will be a web of contractional relationships to be maintained.Heavy subsidized lines to small places will be either dropped or increase in price. The DB will undoubtedly broken up into many smaller companies,each with its own maintenance departments,employees unions ect.
How this is set up will determine how well the overall system will work. Hopefully the mistakes made by other countries will be looked at and thought through.
I am not sure which way I would vote if I had one, there are so many variables to consider .Getting it right the first time will take a tremendous amount of preparation and research.
After the Air Port fiasco I am a bit dubious
Berlin fuer alles
How true about GEMA, small pubs , that want to hire a local guy for 50 euros can not advertise as the GEMA trolls perouse, the local rags to see whats going on .worried the local guy might sing someones song with out paying.
I understand the need for these artist to protect their music. BUT there has to be a cut off somewhere, for small places that often have less than 25 or so people.
GEMA needs an overhaul they are out of control.
This is supposed to be the model for rail in the UK except that the network is badly organized and the services have monopolies that kill all the benefits of decentralization.
GEMA has the efficiency but is inflexible and this works against the public interest.
MVV, the public transport in Munich, is an example of how centralization can work while still outsourcing some services.
A bit of thought and tailoring of solutions is better than blind ideology.