General Motors did not rule between the buyer supported by the Germany Magna, and the Belgian RHJ investor, but it seems also more likely, that the constructor, reinvigorated, retains its subsidiary.
It would be a real setback for Angela Merkel, who has chosen to dramatize the case by organizing a Summit at the Chancery on 29 may, which would last throughout the night. The next day, we saw in the press photos, taken through the armoured glass, discussions between the Chancellor, the Minister of finance, labour, Foreign Affairs and the Minister-Presidents of the four Länder where factories Opel are implanted. All participants have of course in mind, this night, the principles of the "social market economy": the State's mission is to establish a framework for the market, certainly, but it must then leaving play laws. Save Opel, whose difficulties go back well before the current crisis, it is obviously making a severe sprain to the "Ordnungspolitik". They remember, also, the previous Philipp Holzmann. Chancellor Gerhard Schroeder had forced the hand of the banks, in 1999, to keep afloat the construction group, which was taken the feet in the bubble real estate post-réunification. And had as well as delay the inevitable: the winding-up, three years later.
But, in election year, the laws of bronze and counter-examples appear sometimes bulky. Is this crisis not exceptional Opel Germany, is it not 26,000 direct jobs, perhaps 100,000 jobs in total with equipment suppliers and providers that are linked Argue to the Government, whether Opel has dwindled, and it is because General Motors has stifled him and prevented him from investing in research and development. The constructor to the lightning, supported by the austro-canadien supplier Magna and its Russian partners, themselves supported by billions of euros of public guarantees has a future.
One dissenting voice is heard: the young Minister of economy, appointed just three months earlier. Karl-Theodor zu Guttenberg, a deposit balance and well conducted a reorganization are more sense. His arguments, weighted by a proposal of resignation are scanned. That does it have we heard, must today lament the tenors of the Government!
As much more than other companies, perhaps less large but equally iconic and expensive in the heart of the Germans, who, they filed balance this year, without State support, perform rather well. As noted by the economic newspaper "handelsblatt", the judicial administrator of the manufacturer of electric trains Märklin, after you have certainly removed about 400 jobs to 1,400, hopes a return to financial balance this year and discussed with several potential buyers. Schiesser underwear brand is also very coveted, including by such as Wolfgang Joop. The Rosenthal porcelain, six months after the balance sheet, were redeemed in July by the Italian specialist of Sambonet cutlery, who thus saved 1,200 jobs in the world. The administrator of the Distributor Woolworth hopes to keep afloat the half of 310 stores and sell the other groups such as the Schlecker drug. All records in which social bloodshed is avoided, while the State extended the list of commitments already many.
A form of revenge for the principles being violated in the Opel record, which still is the business of a person: Karl-Theodor zu Guttenberg. The Bavarian was able to say on the political chessboard, and win an astonishing popularity, knowing that it was still unknown at the national level, at the beginning of the year. The Christian Democrats govern with the Liberals or are again forced into a grand coalition after the legislative elections, it seems to be either renewed for the economy, is promoted to finance.