"I would like to make a few points about the opening of the Federal Republic of Germany.
In recent years, the international economic situation has been deteriorating, in order to protect our European market and interests, we have established the European Community, hoping to use a unified market to tide over the current difficulties, but which country is the biggest vested interest between us, I think everyone here should be very clear.
In addition to the Federal Republic of Germany, there is another country that has such good means.
On the one hand, we are persuading us to open up our domestic market, and on the other hand, we are using all means to protect our domestic enterprises.
The Federal Republic of Germany sells well in Europe, destroying our own industry, but when we want a fair deal, the Germans refuse, telling us that it is not in accordance with their domestic laws" The British representative made a sharply worded speech at the European Community Economic Conference, alluding to the Federal Republic of Germany's Volkswagen Corporate Protection Act.
Other countries at the meeting also expressed their opinions and expressed their opposition to the Volkswagen protection law in the Federal Republic of Germany.
Over the years, Germany's strong manufacturing industry has been squeezing markets for other countries' products, much to the displeasure of other countries in Western Europe.
So at today's EC Economic Conference, everyone began to ridicule the Federal Republic of Germany, and this meeting became a meeting of criticism of the Federal Republic of Germany by other countries.
There is no good thing in this world that just takes advantage and does not suffer.
If you want other countries to open their markets, you have to exchange attractive terms.
Strong German manufacturing must have its own market, and Europe is a ready-made market.
But if Germans eat meat and don't give soup to the rest of the European Community, the unified market will fall apart because of a collapse of credit.
"The issue of the Volkswagen Corporate Protection Act is an internal affair of the Federal Republic of Germany, and I don't think it should be discussed in such an international forum, and besides, we believe that our trade with each other is fair, and that the goods of all the countries in this room have always enjoyed the most preferential tariffs in our country, and I do not think there is anything unfair about it."
The representative of the Federal Republic of Germany retorted.
"Yes, manufacturing is your strength, but financial services is our strength, and fairness is not just about playing to your strengths but suppressing ours," the British representative retorted.
Representatives of other countries also responded in droves, expressing their dissatisfaction with the way Germany said one thing and did another.
The German delegate was dissatisfied with the attitude of the other countries present, so he quickly left the room early.
I went to the office of the delegation of the Federal Republic of Germany outside the venue.
He then contacted Prime Minister Kohl's secretary by phone and reported the incident.
"You say that our Volkswagen Corporate Protection Act is opposed by a coalition of the rest of the European Community," Chancellor Kohl asked.
"Not only the Volkswagen Protection Act, but also the recent Porsche incident, the joint run of foreign investors by our domestic companies has made these British bankers very unhappy, and they have taken the matter to the Chancellor of the Exchequer.
And Columbia, Porsche's largest investor, is a Wall Street upstart registered in the United States.
I think that most of the US sanctions against us are also related to the Porsche incident," the representative of the Federal Republic of Germany reported to the Chancellor.
"Do you think there is a possibility for us to reconcile with these countries, the Volkswagen protection law is not so easy to repeal, you should know how influential Volkswagen is in the country, and the shareholders of the board of directors can pick out any of the leading figures in the German automobile industry, and they want to be beautiful.
I want to make a lot of foreign exchange, but I don't want foreign investors to get involved.
How can there be such a good thing in the world, forget it, I don't care about the public's affairs, only if they know the pain, will they respect the interests of their counterparts in other European countries.
But we also have to say at this meeting of the European Community, tell them that I will solve the problems of Porsche as soon as possible," Chancellor Kohl told him on the phone, as a politician, Chancellor Kohl knows very well that only by ceding a part of the interests can the whole of Europe be united, and that a single European market will be the new basis for the economic development of the Federal Republic of Germany.
Germany is not yet a normal country, half of its territory is still in the hands of the Soviet Union, and if it cannot become the most influential leader among European countries, the Federal Republic of Germany will not be able to use the strength of other European countries to recover its territory and complete the reunification of Germany.
Looking at the entire European continent, the only countries that can compete with Germany economically are Britain, France, and Italy.
The UK's domestic economy is currently in trouble, while France and Italy are facing the same problem.
If Germany can help these countries out of their current predicament with its own strength, it will greatly strengthen the Federal Republic of Germany's voice in European affairs.
Even in the face of a strong United States in the future, a united Europe can reject the unreasonable demands of the United States.
European integration is therefore so important for the Federal Republic of Germany, and the Volkswagen Corporate Protection Act is nothing compared to it.
Cole has now seen through the last few trade disputes, and he has no intention of siding with conservative forces at home.
However, given the strong influence of domestic conservatism, Cole does not intend to actively promote this matter, but allows the government to choose to stay out of these trade conflicts.
He believed that the market would make these self-righteous German entrepreneurs bow their heads.
A few days later, the EC economic meeting finally came to an end.
Under pressure, the representatives of the Federal Republic of Germany promised not to impose restrictions on foreign investors in the acquisition of Porsche, but the German side did not give a satisfactory answer to the question of Volkswagen's protection law.
At the end of the day, Porsche is a luxury sports car brand, and the influence of Volkswagen's national cars is not at all the same.
But things did turn around, and the German courts soon ruled that Piëch and his allies had violated the law by interfering in the Porsche takeover, and Wolfgang could breathe a sigh of relief.
With Karim's full support, Wolfgang soon submitted a new proposal to the board of directors on the advantage of voting rights, which was to issue new shares to attract foreign strategic investors to further dilute Piëch's shares and voting rights.
Piëch lost his controlling stake and could not oppose Wolfgang's proposal, so he could only watch as the British consortium entered Porsche's board of directors and became the new majority shareholder. t1706231537: