# European Competitiveness and DAX Sector Divergence

**Podcast:** Deffner und Zschäpitz – Der Wirtschafts-Talk von WELT
**Published:** 2026-02-14

## Transcript

The im Podcast besprochenen Aktien und Fonds stellen keine spezifischen Kauf- oder Anlageempfehlungen dar.
Die Moderatoren und der Verlag haft nicht für etwaige Verluste, die aufgrund der Umsetzung der Gedanken oder Ideen entstehen.
Zusätzlich zu unserem großen Podcast bekommt hier jeden Samstag an Daphna and Chapitz Update mit Ausblicken.
Anders heißt Dienstags, kurz anders Geld.
And jetzt rein in die Show.
Die letzte Woche war eine bullen Woche.
Hat sich vielleicht nicht so angefühlt, but the DAX hat tatsächlich 0,8% zugelegt, trotz gegen Wind.
Vor allem aus den USA.
Da haben ja die KI-Sorgen wieder alle Branchen quasi mehr oder weniger verprügelt.
Also sehr, sehr viele Branchen geht immer von einer Branche zur nächsten.
But what man muss in DAX is the growth spanning zwischen Gewinner und Verlierer?
Unser Thema der Woche.5% plus, the greatest minus 12% and 18% in each one.
That's um Europa um die Wettbewerbsfähigkeit.
And that can as an index to have and not have to set up and help.
Merz had a wicked initiative that in gang.
But the forestern tagsüber auch schon zur Wettbewerbsfähigkeit in Europa.
Macron Merz deregulier, bureaucratic, for all in Brussels.
Macron, they will get for guns for KI, Quantencomputer, green technologies and verteid.
They had fewer, and there are both reform, but I would also say we can buy it, but one shot, for all the next reform, the bureaucratic abbot, not like the blancocheck.
The SPD wanted to shouldn't the Union wanted reform.
And we said, and then come the reform.
With the reform is it's not so quite.
But that's too short.
So I'm going to be understanding the gleam.
Machen wir doch shouldn't.
What I have seen was that the best for you to hold.
It's not better with this.
For all the verteid.
We have in München by the Sicherheitskonference gehard a very stark in the world, where we said we can American unabhanging, for all the Verteidungsbereich.
He had Frankreich über einen atomaren Schutzschirm spreach.
And this weren't Eurobonds an passage instrument.
And that would be a verteid.
And so riesen Projekte can be a good one.
The secret have the Bundesbank to Eurobonds festhalten.
It was a growth liquid for online.
And in Europa events, when we have a gemeinsome mark had gemecked, instruments as reserve.
You are naive here in the growth coalition.
And Europe is not right for gemeinsame.
When you will make it by the household.
And that's not.
It would not be that should be.
But this game function is not.
It's very free.
It was a lot of functional.
And we will should have a continent that we got.
We have reform.
And when we then fest, we are the French Station of Europe.
My bullet gets in this Siemens.
They have the prognosis for the world.
The Actie had a critique sprung on the spit of Deutschland gesetzt.
SRP holed, then getting a SAP Siemens is good off gesture.
Come on to my beta.
My better is Heidelberg Materials.
That would be my greener boomerang.
Heidelberg Materials have this new world, have teure the upside of CO2.
Alright, and these not have the market and the price.
And in the podcast reinforcing.
And