A letter from


Well meant is not well done.

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A letter from ... Hans-Werner Sinn. The emeritus president of the Munich ifo Institute questions climate policy and the overestimated role of electric cars in achieving climate goals.

From an engineering point of view, the turn to the electric car can now be welcomed - it is elegant, robust, has a strong sprint, drives quietly and does not require a complicated gearbox. But: Es cannot be moved without CO2 emissions, as the European legislator claims, if it includes the CO2 emissions of these cars with a value of zero in its calculations.

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Billionaires move the world forward.

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A letter from ... Caroline Kuhnert is responsible for high net worth individuals at UBS. Sie explains why wealth can have a positive effect far beyond the economy.

We've just published our fifth Billionaires Report. Our aim is to contribute to a better understanding of this exclusive group of people. How has their wealth changed? Aber above all: What is the influence of the high-net-worth individuals on our society? And are there regional differences?

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Everyone has to be able to participate.

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A letter from ... Professor Marcel Fratzscher. The head of the DIW sees the current justice debate as misguided and calls for an inclusive social market economy.

"Time for Justice" was the motto of Martin Schulz's election campaign. In a country where 70 per cent of people feel that inequality is too high, this slogan may catch fire. I still think: Wir need a debate that goes beyond justice.

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Protective layers.

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A letter from ... Dr. Walther Michl. The Academic Council at the Chair of Public Law and European Law at LMU München has placed the refugee crisis within the current legal framework.

In the public discussion on the refugee problem, the call for a "return to the law" is repeatedly voiced - often combined with the demand for the closure of borders.

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Become wiser.

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A letter from ... Bernd Kolb, who founded the Club of Marrakesh to give impulses for a better world. Because the effect was not strong enough for him, he is now breaking new ground.

Our western world is a wonderful place that makes many things possible: a life in peace and prosperity, without existential worries, with a rich culture and sufficient space for the individual shaping of one's own life. Actually, everything's fine. Didn't I?

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"Is passive investing really better than active investing?"

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A letter from... Camille Thommes. The Director General of the Association of the Luxembourg Fund Industry (ALFI) warns against blanket judgments.

The European Commission recently published a paper arguing that private investors are best served by passive investment funds. These are more cost-effective, more broadly diversified and offer higher long-term performance than active funds.

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Greek tragedy.

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Jochen Felsenheimer is Managing Director of XAIA Investment and reflects on the long-term consequences of the policy change in Greece.

Everywhere on the markets there is wild speculation about the effects the shift to the left in Greece might have on the European financial markets. And it's not that hard to judge. After all, the economic facts have been known for several years.

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"I'm worried already."

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A letter from ... Wolfgang Bosbach. The controversial member of the Bundestag reflects on politics, Europe and the social performance of our country.

After the election, I leave the Bundestag and am therefore often asked what the three points are that most concern me at this crossroads of my life;

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