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Germany should thank its EU stars
Germany, the biggest gainer from the European Union, has an enormous political and economic interest in making the eurozone work 8 Sep 2010 3:00 PM

Interview With Germany's Finance Minister - 'For The Next Few Years, We Don't Have Leeway'
In a SPIEGEL interview, German Finance Minister Wolfgang Schauble, 67, discusses resistance to his austerity package, the chancellor's new found strength and when Germans might be able to expect promised tax cuts.

Merkel: The Euro Will Fail Without Tough Love From Germany
Germany has been the willing bearer of other European countries' financial problems thus far, but don't expect the status quo to continue forever, warned German Chancellor Angela Merkel in Latvia.

E.U. Finance Ministers To Discuss Bank Levy
EU finance ministers to discuss new bank levy

EU finance ministers to discuss new bank levy
European Union finance ministers are set to discuss the possibility of introducing a levy on banks and whether a tax on financial transactions can deal with another banking crisis, as they gather Tuesday in an atmosphere more benign than when they last met in July.

Euro-Overhaul Effort Fades as Economy Gains, Germany's Sanctions Bid Ebbs
Germany’s push for stiffer penalties on deficit-plagued European governments ran into resistance as the economic rebound dimmed memories of the debt shock that threatened to upend the euro earlier this year.

Germany's CDU Advocates Tobacco Tax Rise,
Within the ruling Christian Democratic Union (CDU) party in Germany there are growing calls for the tax levied on tobacco to be increased in order to help finance the government’s long-awaited plans for tax simplification.

EU agrees to finance supervisor deal
BRUSSELS — European Union nations agreed to create new financial oversight institutions yesterday, hoping to prevent a repeat of the government debt crisis that nearly left Greece bankrupt and brought the European banking system to its knees. European Union - Finance - Government debt - Greece - Government

UniCredit Focusing On Organic Growth In Germany - CEO
UniCredit Focusing On Organic Growth In Germany - CEO

Swiss-German Tax Row Nears Resolution,
During a recent economics conference held in Basel, Germany’s Finance Minister Wolfgang Schäuble revealed that ongoing negotiations between Germany and Switzerland regarding a bilateral tax agreement would be completed by the end of October.

Germany extends nuclear lifespan
Germany's government agrees to extend the life span of the country's nuclear power plants by an average of 12 years, officials say.

'Germany's stupidest bankers' probe dropped
German prosecutors dropped a probe into six bankers for transferring €320m to Lehman Brothers after it had collapsed.

More work need to be done to introduce bank levy: EU finance ministers
European Union (EU) finance ministers said on Tuesday that more work need to be done to introduce within the bloc a levy on banks and tax on financial transactions.

EU agrees new financial framework
European finance ministers agree a new framework for financial supervision, designed to help prevent future financial crises.

Britain Backs Plan for Financial Oversight in Europe
Finance ministers agreed to create agencies overseeing insurance, banking and market trading, as well as a Systemic Risk Board to watch for asset bubbles.

Highlights - Comments by European Union finance ministers
Following are comments by European Union finance ministers and other officials who met on Tuesday for a second day of talks on EU budget reforms.

ECB's Weber hopeful of Basel III deal at weekend
Talks on the way banks around the world gird themselves for shocks can be wrapped up at the weekend, the head of Germany's Bundesbank Axel Weber said on Wednesday, warning no country should stand in the way of a deal.

Ireland, Portugal Probably Won't Tap EU Fund, Coalition's Dautzenberg Says
Portugal, Spain and Ireland, all of which saw their bond-yield spreads over Germany rise this week, probably won’t need support from the euro-region rescue fund, a senior lawmaker from Chancellor Angela Merkel ’s party said.

EU Finance Ministers Fail to Agree on Transaction Tax
Banks escaped a tax on financial transactions after the U.K. and other countries undermined plans to use the levy to help repair the damage to national budgets caused by the banking crisis.

Germany's Extension for Nuclear Power Threatens Offshore Wind Investments
The German government’s plan to extend the phase-out of nuclear power risks hampering investment in offshore wind turbines, a technology that may provide much of the country’s renewable energy by the middle of this century.

Financial Sheriffs to Monitor Banks, Markets in European Union
A trio of financial sheriffs will oversee finance in the entire European market

Euro Overhaul Effort Loses Momentum as Economy Gains
Germany’s push to stiffen penalties on deficit-plagued European governments ran into resistance as an economic rebound reduced the pressure on officials to protect the euro against future debt shocks.

Yahoo! UK and Ireland Germany to extend life of nuclear reactors 3 hrs ago
Germany's coalition government has decided to extend the life span of the country's nuclear power plants by an average of 12 years, officials say. Under the agreement, some plants will now remain in production until the 2030s, instead of being phased out by 2021 as the previous government wanted.

A.M. Best Assigns Debt Rating to EUR 500 Million Subordinated Bond Issue of Hannover Finance (Luxembourg) S.A.
LONDON--(BUSINESS WIRE)--A.M. Best Europe – Rating Services Limited has assigned a debt rating of “a” to the EUR 500 million subordinated fixed to floating rate bonds recently issued by Hannover Finance (Luxembourg) S.A. (Luxembourg) and guaranteed by Hannover Rueckversicherung Aktiengesellschaft (Hannover Re) (Hannover, Germany). The outlook for this rating is stable. The bonds have been ...

The Man Who Divided Germany - Why Sarrazin's Integration Demagoguery Has Many Followers
Thilo Sarrazin's controversial new book on Muslims in Germany has not only generated opprobrium from the political elite, it has also generated a mass following from the population at large. The tome may be full of inaccuracies, but it has struck a nerve.

U.S. sanctions Iranian-owned bank in Germany
U.S. sanctions Iranian-owned bank in Germany

Business & Finance
Daily currency report - Commercial Foreign Exchange Travelex Malta Sterling continued to suffer despite an overnight retail sales report from the British Retail Consortium which showed sales improving in August....

German Plan to Integrate Immigrants Focuses on Schools
The government sought to tone down the debate over controversial remarks by a central bank official about Jews and Muslims.

Lagarde Says Germany, France on `Same Page' on Financial Transactions Tax
Germany and France are “on the same page” on proposals for a tax on financial transaction, French Finance Minister Christine Lagarde said in an interview.

Finance and Banking
The demonstrable loss of momentum in the US economy combined with signs of heightened anxiety from the Federal Reserve over the risks of deflation has dominated market attention over the last few weeks.

Portugal, on the Medical Map
A huge private donation for a cancer center could lure talent to an overlooked nation.

Ministers agree to EU scrutiny of future budget plans
European Union finance ministers agreed yesterday (7 September) to submit budget plans for early review by the European Commission and other EU governments as part of moves to strengthen fiscal discipline in the bloc.

Deutsche Bank Hires Pizzimbono as Research Sales Head
Deutsche Bank AG hired Marcelo Pizzimbono of Goldman Sachs Group Inc. as a managing director and head of New York research sales as Germany’s largest bank expands its equity analyst coverage of U.S. stocks.

EU Seeks to Strengthen Euro-Area Management Amid Fresh Doubts From Germany
European Union governments sought to strengthen the management of the euro region as Germany warned that the economic rebound is slowing its push for stiffer sanctions on high-deficit countries.

Wednesday left dangling by need for Co-op finance
• Sheffield Wednesday back in high court over HMRC debt • Club's tax bill has reportedly risen to seven figures Six weeks ago Sheffield Wednesday were on the brink of being wound up following an application from HM Revenue & Customs that the club's lenders, the Co-operative bank, took the unusual step of publicly describing as "disappointing". Today the club will be back in court with the threat ...

World stocks fall amid renewed Europe bank worries
World stocks fell Tuesday, particularly in Europe, where concerns about the health of banks resurfaced and EU finance ministers created new financial oversight bodies but failed to agree on a bank or trading tax.

European stocks up on US gains, Portugal bond sale
A solid showing on Wall Street and a relatively successful Portuguese government debt sale helped Europe's stocks recover early losses Wednesday to close higher, though fears of a flare-up in the region's debt crisis lingered amid news that Greece's recession deepened in the second quarter.

Questions About Banks Push European Indexes Lower
Concerns about the health of banks resurfaced in Europe as finance ministers met to consider a new levy on lenders.

Jumpstart for Nordic economic recovery
Sweden and Finland, posting soaring economic growth on Wednesday, appear to be making a spectacular recovery from the deep recession their export-reliant economies experienced during the global financial crisis.

Ireland Moves to Split Up Troubled Anglo Irish Bank
The Irish government, bowing to market fears that its escalating banking losses might cause it to default, said Wednesday that it would split the Anglo Irish Bank into two entities, one of which would eventually cease operations, The New York Times’s Landon Thomas Jr. reported.

Anglo Irish Bank to Be Split Up in Restructuring Plan
The Anglo Irish Bank will be divided into a funding bank and an asset recovery bank to wind down its assets.

Drunken, Raucous Bond Market Is About to Be Ill: Mark Gilbert
Like a drunk at a party, the bond market is starting to bump into tables, telling off-color jokes, talking too loudly and spilling drinks. The smart guests will steer clear before he starts screaming at his shoes and wanders off to pray to the porcelain.

US gains, Portugal bond sale help European stocks
Gains on Wall Street and a relatively successful Portuguese government debt sale helped Europe's stocks recover early losses Wednesday, though fears of a flare-up in the region's debt crisis lingered amid news that Greece's recession deepened in the second quarter.

Yen Hits 15-Year High Vs. U.S. Dollar
The yen hit a 15-year high vs. the dollar overnight Wednesday as strong comments from Japanese Finance Minister Yoshihiko Noda about possible intervention had little effect.

German exports slightly lower on month in July
German exports dipped by 1.5 percent in July compared with the previous month but were still up a strong 18.7 percent over the same month last year, official data showed Wednesday.

European stocks up on US gains, Portugal bond sale
LONDON -- A solid showing on Wall Street and a relatively successful Portuguese government debt sale helped Europe's stocks recover early losses Wednesday to close higher, though fears of a flare-up in the region's debt crisis lingered amid news that Greece's recession deepened in the second... Portugal - Travel and Tourism - Government - Cristiano Ronaldo - Norway

European stocks up on US gains, Portugal bond sale
LONDON -- A solid showing on Wall Street and a relatively successful Portuguese government debt sale helped Europe's stocks recover early losses Wednesday to close higher, though fears of a flare-up in the region's debt crisis lingered amid news that Greece's recession deepened in the second...

A.M. Best Assigns Debt Rating to EUR 500 Million Subordinated Bond Issue of Hannover Finance (Luxembourg) S.A.
LONDON----A.M. Best Europe – Rating Services Limited has assigned a debt rating of “a” to the EUR 500 million subordinated fixed to floating rate bonds recently issued by Hannover Finance S.A. and guaranteed by Hannover Rueckversicherung Aktiengesellschaft .

German exports slightly lower on month in July
German exports dipped by 1.5 percent in July compared with the previous month but were still up a strong 18.7 percent over the same month last year, official data showed Wednesday. The monthly drop reported by the Federal Statistical Office on Wednesday... German language - Federal Statistical Office of Germany - Germany - Social Sciences - Indicators and Statistics

Anglo Irish Bank to Be Split Up in Restructuring Plan
The increasing burden of Anglo Irish Bank’s losses has become a millstone for the government, which is seeking to avoid a Greek-style bank bailout.

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