BERLIN // An inexperienced Germany team suffered a self-confidence sapping 3-1 defeat to Slovakia in Sunday's storm-affected friendly as the world champions fielded four new caps ahead of Euro 2016.
Slovakia, who will make their European Championship debut in Group B alongside Wales, England and Russia next month, deserved their win in Augsburg as Germany manager Joachim Low blooded a youthful quartet.
A heavy storm in Bavaria at half time meant the break was extended to 39 minutes and it was Slovakia who profited from the soggy second-half conditions by adding their third goal.
Low was more relieved that none of his players picked up injuries rather than bothered by the result.
“I have never experienced such a long half-time break. The pitch wasn’t undangerous and, thank god, nothing happened” injury wise, said Low.
“Combinations were impossible at the start of the second half.
“We did well in the first half-hour, but we had a few problems in defence.
“You can’t expect everything from the young players, but all four have the necessary quality.”
See also:
• Euro 2016 complete group guide: Previews, key players, fixtures and predictions
• Greg Lea: Anthony Martial, Dele Alli, Renato Sanches – 10 young players to keep an eye on at Euro 2016
Germany took an early lead when Mario Gomez converted a penalty, while goals from Marek Hamsik and Michal Duris just before half time put Slovakia 2-1 up at the break.
A calamitous error by Germany’s replacement goalkeeper Marc-Andre ter Stegen then gifted Slovakia’s Juraj Kucka the only goal of the second half.
Centre-back Jerome Boateng, who was at the centre of an off-field political storm after a right-wing politician said most Germans would not want to have him as a neighbour, was the only member of the Germany team who had started the World Cup final two years ago.
Banners reading “Jerome, move in next to us” showed the feelings of most Germany fans.
Low gave out two new caps in each half to goalkeeper Bernd Leno, 24, and defender Joshua Kimmich, 21, then 20-year-old midfielders Julian Weigl and Julian Brandt.
Schalke’s Leroy Sane, also just 20, made only his second appearance in the attacking midfield role behind Gomez.
The hosts took the lead when Mario Goetze was fouled in the area and Gomez banged home the 13th-minute penalty.
Napoli attacking midfielder Hamsik made Slovakia’s first clear chance count by drilling home the equaliser on 40 minutes and his long-range shot gave Leno no chance on his debut.
The goal fired up the visitors who went ahead a minute before the break when striker Duris slipped his marker and floated his header past Leno.
The skies opened during the half-time break as torrential hail, then rain, pelted the pitch and the black clouds mirrored Low’s dark scowls as he trudged off.
The match resumed with pools of water on the surface and Slovakia profited from the deluge.
Kucka’s speculative shot looked set to be gathered by Ter Stegen, on for Leno, only for the ball to roll between his legs on 52 minutes.
It was virtually identical to the own-goal the Barcelona shot-stopper leaked against the USA in Germany’s 4-3 friendly defeat in Washington in June 2013.
Low must now cut four names before submitting his 23-man squad for Euro 2016 before midnight on Tuesday while Slovakia coach Jan Kozak is set to name his on Monday.
Germany have one more warm-up match, against Hungary in Gelsenkirchen on Saturday, the same day Slovakia host Northern Ireland in Trnava.
Germany play their first Euro 2016 match in Group C against Ukraine on June 12 in Lille, the day after Slovakia open their campaign against Wales in Bordeaux.
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Europe’s rearming plan
- Suspend strict budget rules to allow member countries to step up defence spending
- Create new "instrument" providing €150 billion of loans to member countries for defence investment
- Use the existing EU budget to direct more funds towards defence-related investment
- Engage the bloc's European Investment Bank to drop limits on lending to defence firms
- Create a savings and investments union to help companies access capital
SPECS
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
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Manchester United: Rashford (78')
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Coach of the Century, 2001-2020: Pep Guardiola (Manchester City), Jose Mourinho (Tottenham Hotspur), Zinedine Zidane (Real Madrid), Sir Alex Ferguson
Club of the Century, 2001-2020: Al Ahly (Egypt), Bayern Munich (Germany), Barcelona (Spain), Real Madrid (Spain)
Player of the Year: Cristiano Ronaldo, Lionel Messi, Robert Lewandowski (Bayern Munich)
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Position Attacking midifelder
Clubs played for (1) - Roma
Total seasons 24
First season 1992/93
Last season 2016/17
Appearances 786
Goals 307
Titles (5) - Serie A 1; Italian Cup 2; Italian Supercup 2
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