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Berlin tempers summit hopes, banks under pressure

Matthias Inverardi Reuters 10/17/2011
Germany, France plan quick new Stability Pact: report

France and Germany are planning a quick new pact on budget discipline that might persuade the European Central Bank to ramp up its government bond purchases, Welt am Sonntag reported on Sunday.

Berlin tempers summit hopes, banks under pressure

Germany said on Monday that a summit of EU leaders next Sunday would not produce a miracle cure for the euro zone's sovereign debt crisis, a warning that pushed down markets after a rise in the past week on expectations of a breakthrough.

Dozens of U.S. paratroopers injured after parachute jump during mock battle goes horrifically wrong

Dozens of U.S. Army paratroopers have been hurt during a massive airborne drop in Germany. Sixteen of the 47 injured men are still in hospital, two of them in intensive care after the jump involving 1,000 soldiers went terribly wrong. They suffered head, spine and pelvic injuries.

Heidi, Germany's Famous Cross-Eyed Opossum, 'Closes Eyes Forever'

Heidi, a cross-eyed opossum who became an internet sensation in Germany, winning three times more Facebook admirers than Chancellor Angela Merkel, is dead, her zoo said Wednesday.

Pope to hold mass in Berlin's 'Hitler's Stadium'

Berlin's Olympic Stadium where Pope Benedict XVI will hold a giant mass Thursday is steeped in history, from the 1936 Games showcasing Hitler's dreams of racial supremacy to the 2006 World Cup final.

Blackface Obama billboard sparks outrage

German comedian Martin Sonneborn is well-known for jokes bordering on the tasteless. But a satirical political billboard of him posing in blackface makeup as US President Barack Obama is sparking outrage.

German minister raises ‘orderly default’ for Greece

Germany has stepped up its rhetoric against Greece, warning that the debt-laden country could default on its debts in a move that highlights the growing divisions at the heart of Europe.

Bring Out Your Dead - UBS Quantifies Costs Of Euro Break Up, Warns Of Collapse Of Banking System And Civil War

Any time a major bank releases a report saying a given course of action is too costly, too prohibitive, too blonde, or simply too impossible, it is nearly guaranteed that that is precisely the course of action about to be undertaken. Which is why all non-euro skeptics are advised to shield their eyes and look away from the just released report by UBS (of surging 3 Month USD Libor rate fame) titled "Euro Break Up - The Consequences." UBS conveniently sets up the straw man as follows: "Under the current structure and with the current membership, the Euro does not work. Either the current structure will have to change, or the current membership will have to change."

Euro bail-out in doubt as "hysteria" sweeps Germany

Ambrose Evans-Pritchard Telegraph 08/28/2011
Euro bail-out in doubt as "hysteria" sweeps Germany

German Chancellor Angela Merkel no longer has enough coalition votes in the Bundestag to secure backing for Europe's revamped rescue machinery, threatening a consitutional crisis in Germany and a fresh eruption of the euro debt saga.

Swedish royal couple turned away from German restaurant

A red-faced restaurant owner in southern Germany admitted Sunday she had turned away Sweden's king and queen when they asked for a table after failing to recognise them.


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