German firms eye investment in crisis-battered euro states
News from Reuters:

BERLIN, April 25 | Thu Apr 25, 2013 4:49am EDT

BERLIN, April 25 (Reuters) – German companies are setting their sights on southern Europe as fears of a euro zone breakup fade and economic reforms transform the crisis-battered region into an attractive place to invest once again.

Countries like Portugal, Italy, Greece and Spain are still struggling with deep recessions and high unemployment but have also attracted attention for the opportunities they present, not just the risks.

Strong companies are attracting interest among the “Mittelstand”, medium-sized and often family-owned manufacturing firms to which Germany owes much of its exporting prowess.

That is in large part due to the economic and labour market reforms bailout countries have been forced to implement – making it easier to hire and fire and reducing wage costs – which less stricken countries such as France have been slower to embrace.

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Related News:

Citigroup Names Christopher Laskowski Hong Kong Head of Corporate …
News from Fox Business:

Citigroup Inc. (C) has appointed veteran private-equity banker Christopher Laskowski as head of corporate and investment banking for Hong Kong.

Mr Laskowski will cover Hong Kong-based clients at the U.S. bank and the Hong Kong investment banking team will report to him.

Mr Laskowski, who started out in New York and has been active in covering Asian clients since 1999, will continue to head the Asia-Pacific private-equity advisory practice–known as the Alternative Assets Group–and be the Chief Operating Officer of the Corporate and Investment Banking for the region.

He will continue to report directly to Farhan Faruqui, Asia Pacific head of Corporate and Investment Banking, and to Weber Lo, Hong Kong Chief Executive Officer and Brad Coleman, global head of the Alternative Assets Group.

Write to Prudence Ho at prudence.ho@wsj.com

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Copyright © 2013 Dow Jones Newswires

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