31 Quotes by Holger Schmieding

Whenever an economy is struggling, one should not raise taxes. New taxes will probably cut growth by 0.3 percent of GDP.

Whenever an economy is struggling, one should not raise taxes, ... New taxes will probably cut growth by 0.3 percent of GDP.

We've just had the worst 24 hours for the European reform outlook in a long, long time.

Faced with an extremely high euro and high wage costs, the companies stepped up their restructuring. When the euro declined last year, they suddenly found they could take on the world quite easily.

While the surge in key leading indicators strengthens the case for a further rate hike in the near future, the absence of second round effects from the oil price spike and the decline in headline inflation in late 2005 argue against any haste.

The orders data confirm that demand is very robust and we expect a significant acceleration in output growth shortly.

There could have been a heated discussion, with the doves preventing the acceleration in the pace of rate hikes the hawks may have wanted.

Britain has learned that there is no harm is selling your local champions to foreigners.

A May rate hike remains unlikely, in our view.