US slams Deutsche Bank for financial crisis role

Almost three years after the global financial crisis, Germany’s Deutsche Bank has been slammed in a US Senate report for allegedly recklessly pushing worthless mortgage-backed securities to investors. The US Senate Permanent Subcommittee on Investigations this week said the bank had wittingly pushed high-risk assets known as collateralized debt obligations (CDO) that would help cause the United States’ worst economic collapse since the... [more]

Human traffickers sell children to paedophiles

An international band human traffickers has been caught smuggling children to Germany from Haiti and beyond, then selling them to paedophiles, officials said Friday. The group allegedly posed as an aid organisation, luring the children with promises of a better life. Two men from Berlin were arrested at the Munich airport this week while trying to illegally enter the country with a 10-year-old, law enforcement officials told dailyBerliner... [more]

A Frankfurt Airport worker fired for filming women on the toilet

A Frankfurt Airport employee has been fired after being caught secretly filming women in the public toilets, a media report said Wednesday. The 50-year-old driver for the airport’s transport operator Fraport allegedly spied on thousands of women with two miniature cameras stowed behind toilet paper rolls, daily Bild reported. Thomas L. used motion-sensor cameras that filmed the intimate activities of his victims for two minutes each,... [more]

Clean energy can be cheap, German minister says

Electricity prices will rise only slightly under the government’s plan to hasten the shift to renewable energy, Environment Minister Norbert Röttgen has said in an effort to bolster his case for green power. Daily Passauer Neue Presse reported Wednesday that Röttgen had told a gathering of conservative MPs that the price per kilowatt-hour would rise only by about 0.1 to 0.9 cents over the next decade under the government’s plan. The... [more]

Cyberbullying website sparks growing outrage in Germany

A website enabling teenagers to post insults and racist comments about their peers has prompted an outcry in Germany after 20 youths beat another teen senseless over remarks made on its forums. “Michelle is one of the biggest whores in the school”; “Elizabeth is a slut and bad in bed”; “Carola in class nine is screwing her biology teacher” — these are a selection of comments on the site where users... [more]

German minister Ramsauer blasts EU diesel tax hike

Transport Minister Peter Ramsauer on Monday slapped down a European Union plan to raise the tax on diesel. “The regulatory frenzy from Brussels must have an end. That means hands off the diesel tax,” Ramsauer told Monday’s edition of daily Bild. President of Germany’s largest automobile club, ADAC, told the same paper that ever more “gouging-ideas” were driving motorists to ruin. “Relief through a hike in commuter tax breaks... [more]

Refugees are ‘Italy’s problem,’ German minister says

Interior Minister Hans-Peter Friedrich stepped up the war of words with Italy over asylum-seekers Monday, telling the Italian government the boatloads of people arriving in Lampedusa were their problem. As European Union ministers prepared to meet in Luxembourg Monday, an open argument between the European neighbours broke out over the weekend regarding the thousands of African asylum seekers arriving on the tiny Italian island. “Italy... [more]

ECB hikes interest rates for first time since 2008

The European Central Bank raised its main interest rate on Thursday for the first time since July 2008 just as Portugal became the latest victim of the eurozone’s deficit and debt crisis. The increase in the ECB’s benchmark refinancing or “refi” rate to 1.25 percent also marked the first change in either direction since it was cut to a record low of 1.0 percent in May 2009. With higher inflation and core eurozone... [more]

More tax for less: Germans fear for future

Most Germans fear gravely for the future of their cherished welfare state, believing they will pay more taxes yet receive fewer benefits in the coming decade, a major survey has found. Four out of five people believed the state would demand more of their money in 10 years’ time than it does today. Yet 63 percent believed welfare for the elderly would shrink and nearly as many were prepared for cuts to public health, though only about one... [more]

German Cabinet moves to erase child porn sites

The centre-right coalition cabinet has decided to remove online child pornography, burying an initiative to block it by former Family Minister Ursula von der Leyen, dubbed “Censorsula” by internet activists. Chancellor Angela Merkel’s coalition leadership on Tuesday made the surprise about-face on earlier plans to block such sites, following the success of a year-long test programme for removal. “According to current numbers with... [more]

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