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Germany (News/Activism)

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  • Cyprus Right in Line with Washington Post

    03/25/2013 2:31:05 PM PDT · by Kaslin · 2 replies
    Townhall.com ^ | March 258, 2013 | Bruce Bialosky
    Cyprus, an island most people have forgotten exists, became the center of the world when they put forward a bizarre plan to solve their economic crisis. The leaders of Cyprus proposed a wealth tax that would take funds directly from people’s bank accounts. The plan was abandoned, but the idea behind it still lives on. A recent run-in that we had with the Washington Post shows just how far they are willing to go to foist a bad idea upon us. The Left has been churning some ideas to change our society, most of which will expand the reach of...
  • Dijsselbloem (Europe FM) shocker is U.S.’s template, too (Cyprus)

    03/25/2013 12:34:21 PM PDT · by Ernest_at_the_Beach · 4 replies
    Marketwatch ^ | March 25, 2013, 1:26 p.m. EDT | MarketWatch First Take
    Commentary: U.S. uninsured depositors can and do take losse True, it was news that Dutch Finance Minister Jeroen Dijsselbloem was making that acknowledgment. The European finance ministers had been stressing as recently as last week that the opposite was the case, that Cyprus was a special situation. Dutch Finance Minister Jeroen Dijsselbloem is president of the Eurogroup council. The market genuinely was shocked.
  • Japan, EU agree to start free-trade negotiations

    03/25/2013 3:07:42 PM PDT · by Olog-hai
    Associated Press ^ | Mar 25, 2013 7:59 AM EDT | Yuri Kageyama
    Japan and the European Union agreed Monday to start negotiations for a free-trade pact encompassing nations that account for nearly a third of the world economy. Japanese Prime Minister Shinzo Abe, European Council President Herman Van Rompuy and European Commission President José Manuel Barroso spoke by telephone for 30 minutes late Monday, a Japanese government spokesman said. A Japan-EU summit set to begin Monday in Tokyo was shelved because of the financial crisis in Cyprus. The leaders agreed to launch the negotiations toward a “deep and comprehensive” free-trade deal, with the first meeting set for next month, both sides said...
  • Cyprus to shape future euro bank rescues: Eurogroup head

    03/25/2013 3:17:42 PM PDT · by mdittmar · 10 replies
    Yahoo! ^ | 3/25/13 | Luke Baker Reuters
    BRUSSELS (Reuters) - A rescue program agreed for Cyprus will serve as a model for dealing with future euro zone banking crises and other countries will have to restructure their banking sectors, the head of the region's finance ministers said. The approach would mark a radical departure for euro zone policy after three years of crisis in which taxpayers across the region have effectively been on the hook for resolving problem banks and indebted governments via multiple rescue programs. "What we've done last night is what I call pushing back the risks," Dutch Finance Minister Jeroen Dijsselbloem, who heads the...
  • 2 states challenge German redistribution system

    03/25/2013 3:14:35 PM PDT · by Olog-hai · 3 replies
    Associated Press ^ | Mar 25, 2013 8:31 AM EDT
    Two wealthy German states have filed a lawsuit in the country’s highest court challenging a system under which money is redistributed to less prosperous regions. Bavaria’s state government said it and the state of Hesse filed the suit Monday with the Federal Constitutional Court. … The system is supposed to help ensure equal living conditions nationwide. …
  • The REAL Last Crusade: Nazi search for the Holy Grail which inspired Indiana Jones

    03/25/2013 12:26:34 PM PDT · by the scotsman · 33 replies
    Daily Mail ^ | 25th March 2013 | Allan Hall
    'A new exhibition in Germany about archaeology under the Nazis shows how the regime launched a 'Last Crusade' expedition in wartime to find the Holy Grail from the Last Supper of Christ. In the 1989 Last Crusade movie, Indiana Jones played by Harrison Ford was on the quest for the grail - and he was in competition with the Nazis. Now truth turns out to be stranger than fiction in the exhibition 'Dig for Germania. Archaeology under the Swastika' in Bremen. It tells how S.S. chief Heinrich Himmler allegedly visited Spain during the war because he believed the grail was...
  • EU finance ministers approve Cyprus bailout deal, funded by bank assets seizure

    03/25/2013 9:06:05 AM PDT · by redreno · 43 replies
    foxnews ^ | March 25, 2013 | FoxNews.com
    magine waking up to find out that as much as 40 percent of the money you thought was safely deposited in the bank was seized, without your permission, to bail out a near-bankrupt government. That's just what thousands of large depositors in Cyprus woke up to Monday morning after European Union officials accepted a last-minute deal offered by the island's lawmakers to secure a $13 billion bailout to avert imminent financial meltdown.
  • Russian Ties Put Cyprus Banking Crisis on East-West Fault Line

    03/23/2013 10:38:24 PM PDT · by Brad from Tennessee · 5 replies
    New York Times ^ | March 23, 2013 | By ANDREW HIGGINS
    LIMASSOL, Cyprus — Andreas Marangos, a Porsche-driving lawyer here, had just woken up when he heard the news that threatened to destroy his and Cyprus’s most lucrative business: setting up shell companies and providing financial services for wealthy Russians. He rushed to his computer to check whether the “crazy talk” he had just heard was true — that his government had agreed last week to effectively confiscate 9.9 percent of the wealth of anyone holding more than 100,000 euros, about $129,000, in a Cyprus bank. ---------------snip---------------------------- “There is a clear danger of this area becoming a platform for confrontation between...
  • Cyprus on the brink of euro exit after ECB ultimatum

    03/23/2013 11:46:28 PM PDT · by Olog-hai · 37 replies
    EU Observer ^ | 22.03.13 @ 09:29 | Benjamin Fox
    Cyprus is on the brink of bankruptcy and of becoming the first-ever country to leave the euro after the European Central Bank (ECB) issued an ultimatum on Thursday (21 March). In its statement, the ECB warned that it would turn off the tap of emergency funding to Cyprus’ banks on Monday if a rescue package is not agreed. Removing Cyprus’ emergency support could see the country's two largest banks, Bank of Cyprus and Laiki, collapse within days. Carston Brezki, senior economist at ING, described the ECB’s move as a “gun at the head of Cyprus.” …
  • Cyprus now looks to take 25 percent from bank accounts of wealthy...(Obama must be drooling)

    03/24/2013 8:45:12 AM PDT · by Dallas59 · 32 replies
    MSNBC ^ | 3/24/2013 | MSNBC
    NICOSIA -- Cyprus said on Saturday it was looking at seizing a quarter of the value of big deposits at its largest bank as it races to raise the funds for a bailout from the European Union and to avert financial collapse. Finance Minister Michael Sarris said "significant progress" had been made in talks in Nicosia with officials from the European Union, European Central Bank and International Monetary Fund. He confirmed discussions were centered on a possible levy of around 25 percent on holdings of over 100,000 euros (about $130,000) at Bank of Cyprus, and expressed hope that a package...
  • Cyprus bailout: Kremlin 'could punish Europe' in reprisal for bank levy [Prepper]

    03/24/2013 9:59:37 AM PDT · by Vince Ferrer · 29 replies
    Guardian ^ | March 23, 2013 | Helena Smith in Nicosia, Simon Goodley and Toby Helm
    Fears are growing of Russian reprisals against European businesses as EU authorities desperately seek a deal to save the Cypriot economy by imposing a 25% levy on bank deposits of more than €100,000. As the island scrambled to put together a rescue programme, its finance minister, Michalis Sarris, said "significant progress" had been made on the latest levy plan in talks with officials from the European Union, the European Central Bank and the International Monetary Fund.
  • As Cyprus teeters, Ireland says it has shown "medicine" works

    03/24/2013 12:24:01 AM PDT · by Berlin_Freeper · 17 replies
    reuters.com ^ | Mar 23, 2013 | Reuters
    Ireland's expected exit from a European bailout program later this year should be a morale boost to other euro zone countries in crisis, its European affairs minister said on Saturday.
  • EU Commission prepares ground for far-reaching economic powers

    03/23/2013 11:18:59 PM PDT · by Olog-hai · 6 replies
    EU Observer ^ | 21.03.13 @ 17:46 | Honor Mahony
    The European Commission has started preparing the ground for legislation that would prevent member states from undertaking major tax, labor or financial reforms without running it by the commission and other governments first. In an ideas paper published Wednesday (20 March), the commission said this ex-ante coordination should concern “major national economic reform plans and should take place at an early stage before the measures are adopted.” The suggested scope of covered policies would implicate virtually all national government legislation—including competitiveness and employment laws, reforms that cover product and services markets, as well as those affecting tax systems and network...
  • Europe Has A Crisis — And It's Much Bigger Than Cyprus

    03/23/2013 11:49:39 AM PDT · by blam · 14 replies
    Tbi ^ | 3-23-2013 | Joe Weisenthal
    Europe Has A Crisis — And It's Much Bigger Than Cyprus Joe WeisenthalMarch 23, 2013REUTERS/Christian Hartmann In a way, Europe should be thrilled by the week that was because financial markets barely batted an eye at the crisis in Cyprus. But Europe has a problem on its hands that's bigger than Cyprus: The economy stinks. This week we got fresh proof that things are bad or getting worse. In France, the Flash PMI report (which is a mid-month look at the combined services and manufacturing sectors of the economy) came in dismal, with the output index falling to a four...
  • Is Italy the Next Cyprus?

    03/23/2013 8:53:13 AM PDT · by Kaslin · 9 replies
    Townhall.com ^ | March 23, 2013 | Mike Shedlock
    Once trust is lost it is very slow to recover. For now, much of Europe is acting as if it believes Cyprus is a "one time" thing? But isn't that what we heard about Greece? Who is next? Italy? In an article on Handelsblatt the chief economist of Commerzbank says: Italy should bring a unique wealth tax. It is a myth to talk of crisis-strapped states. Even the German Institute for Economic Research (DIW) and the chief economist of Commerzbank, Joerg Kraemer says the numbers suggest a different view. Kramer relies on surveys of the European Central Bank. Net financial...
  • Cyprus weighs big bank levy; bailout goes down to wire

    03/23/2013 8:13:43 AM PDT · by markomalley · 22 replies
    Reuters ^ | 3/23/2013 | Michele Kambas and Costas Pitas
    Cyprus said on Saturday it was looking at seizing a quarter of the value of big deposits at its largest bank as it races to raise the funds for a bailout from the European Union and avert financial collapse. Finance Minister Michael Sarris said "significant progress" had been made in talks in Nicosia with officials from the European Union, European Central Bank and International Monetary Fund. He confirmed discussions were centered on a possible levy of around 25 percent on holdings of over 100,000 euros at Bank of Cyprus, and expressed hope that a package could be ready by the...
  • Some Cyprus Savers Could Lose A Quarter Of Their Bank Deposits In New Deal

    03/23/2013 8:03:39 AM PDT · by SeekAndFind · 22 replies
    Business Insider ^ | 03/23/2013 | Jo Adetunji, The Guardian
    Savers in Cyprus could face losing one-quarter of their bank deposits under new proposals being discussed by the government as ministers flew to Brussels to salvage a European bailout. The new bank levy would only apply to people with more than €100,000 (£85,260) in their accounts, according to the finance minister, Michael Sarris, who also said that significant progress had been made in talks with European officials. President Nicos Anastasiades travelled to Brussels to work out an alternative plan to raise funds that would allow the country to qualify for an international bailout. Cyprus must raise €5.8bn (£4.9bn) before Monday...
  • Dangerous Times: Crypto-Fascism in Italy, Hungary, Greece, Albania

    03/23/2013 5:18:48 AM PDT · by RoosterRedux · 38 replies
    AmericanThinker.com ^ | 3/23/2013 | James Lewis and Justine Aristea
    A great sense of alarm is spreading among ordinary Europeans today, especially in the south and east of the continent. Now even the elitist media are giving us the worst international news since the Cold War. Americans do not want to hear this, either. Well, you may not be interested in evil, but evil may be interested in you. Listen up. This could be important. The Washington Post just told us that a dictatorial strongman has risen to power in Hungary, a man named Viktor Orban. In a two-hour parliamentary session, Orban forced radical changes in the Hungarian constitution to...
  • Dangerous Times: Crypto-Fascism in Italy, Hungary, Greece, Albania

    03/23/2013 7:57:57 AM PDT · by SeekAndFind
    American Thinker ^ | 03/23/2013 | James Lewis and Justine Aristea
    A great sense of alarm is spreading among ordinary Europeans today, especially in the south and east of the continent. Now even the elitist media are giving us the worst international news since the Cold War. Americans do not want to hear this, either. Well, you may not be interested in evil, but evil may be interested in you. Listen up. This could be important. The Washington Post just told us that a dictatorial strongman has risen to power in Hungary, a man named Viktor Orban. In a two-hour parliamentary session, Orban forced radical changes in the Hungarian constitution to...
  • Did this man kill Cold War spy Georgi Markov with umbrella?

    03/23/2013 2:08:55 PM PDT · by the scotsman · 6 replies
    Daily Mail ^ | 22nd March 2013 | Tom Kelly
    'It was one of the most audacious acts of the Cold War which could have come straight from the pages of a spy novel. Georgi Markov was jabbed with an umbrella which fired a poison pellet into his leg as he crossed Waterloo Bridge. He died three days later – and for almost 35 years mystery has surrounded the whereabouts of his killer. Now the prime suspect has been tracked down to a small Austrian town where he works as an antiques dealer. Francesco Gullino, 66, who was known by his Communist handlers as 'Agent Piccadilly', lives in a rundown...