The Traderszone Network

Published in TZ Latest News 15 October, 2014 by The TZ Newswire Staff

Defense firms treated like ‘smut’ in Germany, says Airbus CEO: paper

Germany should not be surprised if defense companies feel more welcome elsewhere considering the sector is treated like ‘smut’ in Europe’s biggest economy, Airbus Group (AIR.PA) Chief Executive Tom Enders told a German newspaper. “In Germany, a well-known minister called it a ‘shame’ that the domestic defense industry is more or less successful. By contrast, the defense minister in France calls a press conference to happily announce that the industry has significantly increased its exports,” daily Handelsblatt quoted Enders as saying in an interview published on Thursday.

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