Germany

  • 15 Jul 2014 at 4:41 PM

Germany Really Needed That World Cup Win

Things were looking pretty grim in the Bundesrepublik before Sunday, what with economic sentiment in the shitter and the country’s most important industry awash in scandal. Read more »

Bondholders will have to be down 8(%)-0 before the German taxpayer steps in. Read more »

In order to keep one woman in a top job, Angela Merkel will reluctantly force German companies to give some others sub-top jobs. Read more »

  • 12 Nov 2013 at 3:48 PM

Larry Fink Puts Euro In His Ten-Year Death Pool

The euro could be in danger of disappearing within the next decade if France does not continue pushing economic reforms, BlackRock Capital boss Larry Fink said Tuesday. Fink expressed his concern about the health of one of Europe’s largest economies at The New York Times’s DealBook Conference, mentioning France’s recent downgrade by Standard & Poor’s. “I don’t think in 10 years time we can have a euro if we don’t have a strong France and a strong Germany,” he said in an interview shown on CNBC. “It’s all predicated on two very strong countries and the competitiveness of France is still deteriorating.” [CNBC]

Don’t believe the rumors. Read more »

  • 11 Jul 2013 at 3:45 PM
  • Banks

Germany Says ‘Nein’ To EU Bank Shutdown Plan

In case you had any doubt as to who actually runs the European Union, it’s her. Read more »

An obviously tired German bank employee fell asleep on his keyboard and accidentally transformed a minor transfer into a 222 million euro ($293 million) order, a court heard Monday. The Hessen labour court heard that the man was supposed to transfer just 62.40 euros from a bank account belonging to a retiree, but instead “fell asleep for an instant, while pushing onto the number 2 key on the keyboard” — making it a huge 222,222,222.22 euro order. The bank discovered the mistake shortly afterwards and corrected the error. The case was taken to court by the man’s 48-year-old colleague who was fired for letting the mistake slip through when verifying the order. The court ruled that the plaintiff should be reinstated in his job. [AFP]