Doug Henwood dhenwood at
Wed Jul 22 20:03:14 PDT 1998

Today's Financial Times has a piece on succession pressures facing the Mittelstand, Germany's small- and mid-sized businesses that the paper describes as "one of the anchors of the German 'social market' mode." This is expected to lead to a greater role for a "vibrant stock-market culture," as these firms go public (and become avaiable to foreign investors too). No doubt European unification will intensify these trends, by promoting competition and promoting the development of U.S.-style financial markets.


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