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Tag Archives: Germany

Europeans from crisis-hit South flock to Germany seeking work

Mass migration revived in times of debt crisis, recession, austerity and unemployment. From European door to European door, so to say. One million people from the European south moved to Germany in 2012, Germany’s statistics authority said on Tuesday. And majority of the new European migrants came from Spain, Greece …

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Study: Germany make trillion-euro profits from the Euro

Germany profits considerably form the euro even in case of high write-offs due to debt cuts of South European crisis sates, like Greece, Portugal, Spain. This is the result of a model calculation conducted by Prognos AG for German Bertelsmann Foundation. “Adding up the growth benefits of Euro membership results …

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German FinMin Schaeuble: Greece proved bailout program working, unemployment goes down

He must have a weird sense of humour. German finance minister Wolfgang Schaeuble sees nothing but effectiveness in the bailout program for Greece. In the country of 1,3 million jobless and 6%-7% recession. “The policy of the euro rescue works and Greece is an example for this,”  Schaeuble told German magazine …

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90% of Greeks want government to pursue Germany over WWII reparations

That’s an interesting public opinion survey result that will increase pressure for the Greek government to carry on with the WWII demands from Germany. Eight in ten Greeks believe, the government should pursue Germany over the reparations for damages during the 2. World War. Even if some compensation was given …

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Greece’s Legal Council to examine report on €162 bn WWII reparations from Germany

Foreign Minister Dimitris Avramopoulos handed over to Greek State Legal Council the report published on Sunday by newspaper To Vima. The report suggested that Germany owes Greece 162 billion euro in World War II reparations. The president of the Greek State’s Legal Council, Fokinas Georgakopoulos will be examining the report, …

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Germany owes Greece €162 billion in WWII reparations

Greek government allegedly has finally collected all leads, evidence and legal arguments regarding the reparations from World War I and II Germany should pay in debts. A Finance Ministry committee assigned to investigate the matter got together the total amount of 162 billion euro in outstanding World War II debts …

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Poverty: Latvia, Bulgaria, Romania, Greece the poorest among EU27…

Latvia, Bulgaria, Romania and Greece top the list of the poorest countries among the 27-members of the European Union. According to a comparative survey conducted by the German Economic Institute (Wirtschaftsinstitut) in Cologne: Least poor citizens are in Scandinavian countries  Denmark, Sweden and Finland, but also in Luxembourg, the Netherlands and Austria. …

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Luxembourg’s Foreign Minister accuses Germany of “euro zone hegemony”

Luxembourg’s foreign minister accused Germany on Tuesday of “striving for hegemony” in the euro zone by telling Cyprus what business model it should pursue. Like Cyprus, Luxembourg has a large financial sector, whose comparatively light-touch tax and regulatory regime has long irked its much bigger neighbors Germany and France. “Germany …

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German Stammtisch-humor: Merkel’s Envoy Otto Rehhagel arrived in Athens

It must be humor. German humor around the traditional Stammtisch* with Alte Herren* and the whole associated mentality. A humor that other EU citizens may find hard to understand. Hours after Germany re-confirmed its predominance in the Eurogroup and the Euro Zone, former football trainer Otto Rehhagel arrived in Athens. As …

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German banks urge Cypriots to transfer money – Is Berlin collecting the money fleeing the European South?

It comes as many suspected: German banks try to take advantage of the economic crisis in the European  South. A Cypriot received an e-mail by a German Advisory Bureau offering him the opportunity to move his deposits to German banks with an interest rate of 3.0-4.0% for deposits over 50,000 …

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Seven more Greek ‘beef’ products found with horse DNA; 2 imported from Holland & Romania

Greek Food Control Agency (EFET) order the withdrawal of seven meat products after testes proved they contained horse DNA. The products are salami, sausages, kebab and frozen meatballs, produced in Northern Greece and Crete or imported from the Netherlands ( company NL 687 EG* distributed via German DEMKA) and Romania (company LeFruMarine S.R.L.). As the products …

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Greece finds horse DNA in imported Salami and locally produced Kebab

Greek National Food Control Authority announced Friday that two more tested samples of “beef” were found to contain horse DNA. The first sample was found in minced meat ‘kebab’ prepared by a local producer, while the second sample was found in salami imported from Holland. Both samples were taken from …

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Berlin calls Italy: “You are not Greece”

The deadlock in government formation after Sunday’s election in Italy, did not only stirred up the markets but set also the back of Germany on fire. “You’re not Greece, the eurozone can not afford for a Greek-style scenario in Italy” Berlin told Italy through Philipp Missfelder, foreign policy spokesman of Merkel’s …

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