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FBN’s Ashley Webster in Frankfurt, Germany, with John Ide, owner of Chicago Meatpackers, on the state of the European economy.
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Monthly meeting this week.
As a web stick still in Frankfurt Germany with more on this -- -- They -- how you doing -- in fact I'm joined here we have a guest his name is John either.
He is I don't know the Chicago meat Packers restaurant right here in Frankfurt -- right across from the European Central Bank.
He also it's a family enterprise John thank you for joining -- in fact you have.
Sixteen restaurants.
-- -- Germany I guess my first question is how's the economy here.
For us and our restaurant business I must say over the past years even through all the crisis -- we.
Pretty much held our revenue stream mend our guests still happy and coming to us.
So we're actually quite happy with the -- a -- What do you customers say about the eurozone -- pick up on any particular you know do they wanna go back to the deutschemark and then get out of the Europe.
While I think that's mixed feelings like you hear all around but we actually hear of them being across from the ECB we have a lot of -- is coming here for lunch leaving is still spending the way they should spend in my opinion so.
I think generally our guests still -- happy with the or is still able to -- to going out and enjoying life so for us here we don't see it that as much as it.
It's not as bleak as may be it sounds on TV most of the times.
I have heard concerns that Germany may end up being treated a little -- bearing the burden all of those -- Sullivan eurozone countries who have overspent.
You are you concerned about that.
Well I think where European Union -- union of different countries different states and well the stronger have to.
May be care for the weaker at some point you know never know how -- is an a decade or so may we need some help later so.
There's some moral opportunity here it's it's -- the the good guy and help someone out and then maybe expected to be.
Helps -- confidence in the future of the Euro zone.
I think weaken it remains the eurozone we are today and I think it can be strong I mean this some some countries needs it.
Be more proactive maybe when it comes to collecting taxes but I think in the long run we will prevail as the eurozone.
Very good -- to thank you for joining us really appreciated talking about being pro -- Tracy -- gonna hear from the ECB this Thursday at.
What are we expecting to hear certainly the markets are expecting some sort of aggressive financial policy move whether it's buying -- -- cutting interest rates or something we haven't even thought about what has been talk of -- that bailout funds.
Eight banking license the ESM but.
Germany already opposing that saying no that's not within the mandate we should not be doing that so already.
As a as always in the -- and there are many different opinions but -- the markets don't get that so cold.
Well the bazooka if you like announcement on Thursday that could be quite a bit of disappointment but we'll -- and say it will be here to cover it'll -- -- myself well -- -- out and Germany.
