By Jörg Itschert
The eu Union is an more and more very important impression on our day-by-day lives with very important political, financial and cultural implications. to appreciate find out how to bridge the gaps among nationwide cultures and financial platforms is an central. This publication considers extensive from the interior out, one such Franco-German collaboration within the banking area and sheds mild on those imperatives. The practitioner-academic collaboration presents particular insights right into a genuine cross-border alliance in an obtainable demeanour.
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Additional resources for International Banking Strategic Alliances: Reflections on BNP/Dresdner
After all, the pending procedure, the outcome of which they did not wish to anticipate, provided a plausible excuse for not taking any action as regards the partnership. Any awkward questions from the press could be parried by claiming it was in the hands of the authorities in Brussels, allowing the banks to appear as if they were raring to go while a higher force was – unreasonably – holding them back. Neither was the conclusion that the matter in hand must be momentous, shedding an aura of commercial potency on the applicants, so very undesirable from the PR viewpoint; it served as a smokescreen for the true facts of the matter.
The nightmare scenario whereby some nationalistic forces might at the general meeting wage a populistic attack against the alliance and appeal to dormant resentments prompted them to provide extensive information on the legal and contractual provisions. How was Dresdner to explain a concept of such wide-ranging ramifications to the average shareholder? It was decided that, to begin with, the convening notice to the ordinary general meeting on 14 May 1993 should contain a detailed description of the contents of the agreement.
Since myth is a ‘phenomenon of value’, it is pointless to exercise influence on it by challenging it. It is to be got the better of, if at all, in a roundabout fashion by attacking the context of its message. 2 This means that the same person who behaves rationally as producer is irrational as consumer. Thus, if consumption becomes the main issue for him, it follows that irrationality is his actual driving force in acting economically. His mind is increasingly steered by myths, the roots of which are primarily in spiritual needs that people have acquired in their dealings with one another.