MIPIM: "More work, less sunbathing" according to FT

In confirmation of the trend at Midem last January, the Financial Times notes that despite the lower attendance, participants at Mipim 2009 were globally satisfied. “Whether attendees were down 10,000 or 20,000 is irrelevant, as the fewer that went were there to work, rather than drink and sunbathe”, it noted.

Specifically, the market was taking courage from the fact that German banks have started lending again – at high rates and very selectively – but money is circulating. Companies benefiting from stronger currencies were in a good position to avail of the new opportunities, such as London’s City district.