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Press Releases

October 2, 2013

Lax Monetary Policy May Cause the Next Bubble

At the Global Economic Symposium (GES) in Kiel, the panelists discussing the future of central banking warned of the next bubble and the consequent next crisis. “The lax monetary policy of the central banks over the last few years was necessary, because the fiscal authorities failed to take action,” said William Rhodes from Citigroup, explaining how the central banks came to be in their current precarious situation. The governments would have needed more time.

Lax Monetary Policy May Cause the Next Bubble


October 2, 2013

Snower: “We Need a New Image of Humanity in Economics”

Are humans individualistic, selfish profit optimizers? Or do relationships, compassion and selflessness play a much greater role in decision making than previously thought? These almost philosophical questions were discussed at the Global Economic Symposium (GES) in Kiel. “Our view of the world is about to change radically,” said the President of the Kiel Institute for the World Economy (IfW), Prof. Dennis Snower. “We need a new image of humanity in economics. We are only just about to understand how comprehensively we are all linked and how dependent we are on one another.”

Snower: “We Need a New Image of Humanity in Economics”


October 2, 2013

The Market Mechanism will Shape the Energy Market

Solutions and limits: at the Global Economic Symposium (GES) in Kiel, the members of the session “Towards a Sustainable Energy Mix” presented a number of possibilities to ensure tomorrow’s energy supply—however, they also reached their limits.

The business representatives largely agreed that the market is the best instrument to shape the future energy supply. The Vattenfall representative Pieter Wasmuth made himself especially clear: “The real problem is that we do not have a uniform energy market. Fossil fuels are being traded on an EU market, whereas the market for renewables is highly regulated.” By creating an open market for all technologies, the current problems, which are mainly symptoms of the regulated situation, could be solved.

The Market Mechanism will Shape the Energy Market


October 1, 2013

George Soros, The Future of Europe

With this press release we provide the complete text of the remarks US investor George Soros delivered on the occasion of the 6th Global Economic Symposium in Kiel, Germany, on the “The Future of Europe”. At the end of his remarks Soros formulated what he expects the German government to do.

The Future of Europe and the contribution of George Soros


October 1, 2013

The Euro Crisis in the Focus of the GES: Eurobonds v. Fiscal Rules

Eurobonds on the one side, national fiscal rules on the other: the members of the Global Economic Symposium (GES) in Kiel searched for possible solutions to the still lingering euro crisis. They mainly discussed the two most popular solution proposals.

The Euro Crisis in the Focus of the GES: Eurobonds v. Fiscal Rules


October 01, 2013

Opening of the Global Economic Symposium in Kiel

Since Monday evening, representatives from the world of business, politics, science and society are congregating in Kiel to attend the 6th Global Economic Symposium (GES). This year, during the two-day conference, 600 leading figures from five continents are expected to discuss and develop solution proposals to pressing global problems. The program includes topics such as the stability of the financial markets, the Eurozone crisis, the future of the Arab World, the future energy mix and cyber security. Among the participants are the US investor George Soros, Jürgen Fitschen, Co-Chairman at Deutsche Bank and Mehmet Şimşek, the Turkish Minister of Finance.

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September 25, 2013

GES: Energy Transition and Fracking: Can this Contradiction be Solved?

The worldwide energy transition from coal, oil and natural gas to renewable energies will be one of the greatest challenges of the next few decades. Accordingly, many programs have been set up in a number of countries. However, taking the example of Germany, the risks and challenges can also be discerned: energy prices have risen considerably in the last few years, the infrastructure is faced with new problems and there is often low acceptance of new power networks and power stations at local level.

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September 20, 2013

Europe After the German General Election - How the Next Steps Should Look

Many observers assume that new markers will be laid down in European policy after the German general election. Is there a debt limit (of whatever kind) for Greece? Will new rescue packages be prepared for the indebted countries? Will Germany's current guarantee sum be expanded? Will the march towards the transfer union continue? Will the ECB receive additional supervisory competencies? How can the structural adaptation requirements in southern Europe be managed?

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September 19, 2013

GES School Project: Do GES-Solutions Lead to a World the Next Generation Wants to Live in?

To answer this question, the GES organizers looked for partner schools and initiated a school project. Together with students, they discuss whether the Solutions of the GES correspond to a world in which the students want to live. They invited pupils to present their solution proposals and encouraged a dialogue about what each individual and what schools can do to tackle global problems. On October 1, the first day of the GES 2013, the pupils will present their reflections during a workshop and discuss their solution proposals with GES participants.

Read more about "GES School Project: Do GES-Solutions Lead to a World the Next Generation Wants to Live in?"

 


September 17, 2013

Global Economic Symposium: Experts Analyse the Future of the Arab World

“Poisonous gas attacks in Syria”, “Bloody revolt in Egypt”, “Once again, thousands of demonstrators on Tahrir Square” – in the last few weeks the unrest in Arab countries has dominated the headlines and do not seem close to ending soon. Against this background, international experts shall discuss possibilities for solving the conflicts in these countries in the session “The Future of the Arab World” at the Global Economic Symposium (GES) in Kiel on October 1, 2013.

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September 11, 2013

Protective Mechanisms Sought for the World’s Oceans

What is the next step in protecting the Antarctic? An international conference in Bremerhaven, which actually intended to designate large areas as marine reserves, failed in July. The next attempt will be made at the end of October in Hobart, Australia, at the annual conference of the Commission for the Conservation of Antarctic Marine Living Resources (CCAMLR). A few days earlier in Kiel, international experts shall look for solutions at the 6th Global Economic Symposium (GES) as to how agreements for the sustainable use of the oceans should be drafted, and how results can be achieved – in protecting Antarctic waters, for example.

Read more about "Protective Mechanisms Sought for the World’s Oceans"

 


August 27, 2013

Press Invitation - 6th Global Economic Symposium

The organizers of GES 2013 would like to invite you to attend. GES 2013 will be held at the Atlantic Hotel in Kiel. The opening ceremony, which should be of special interest to photojournalists, will be held on the evening of September 30. We look forward to welcoming you at GES 2013. Please register by submitting the attached accreditation form by September 20. Accreditation cannot be granted after this date for security reasons.

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August 23, 2013

Save the Date – 6th Global Economic Symposium (GES) Kiel, October 1-2

“Redefining Success” is the meta-theme of the 6th Global Economic Symposium (GES) to be held in Kiel on October 1-2, where approximately 600 international decision makers in government, business, science, and civil society will come together to develop solutions to current global problems. The opening festivities will be held on the evening of September 30.

Read more about "Save the Date – 6th Global Economic Symposium (GES) Kiel, October 1-2"

 


March 4, 2013

Future Monetary Policy: Improved Monitoring and Internationally Coordinated

The Main Results of the Global Economic Symposium Now Published as Global Economic Solutions

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Media Kit

Find updated information and materials concerning the Global Economic Symposium in the media kit.