Tsipras defended Varoufakis’ Grexit planning – Berliner Morgenpost

Greek Prime Minister Alexis Tsipras has placed in front of his former finance minister Janis Varoufakis and its controversial plans for a euro exit. This was a preparation for an emergency, which he had been personally commissioned, he said Friday in Parliament on questions of the opposition. “It would be politically naive and irresponsible been not to do that.” Tsipras defended Varoufakis’ integrity. Dishonesty can not accuse you to him. Meanwhile, it became known that the stock exchange on Monday will open again in Athens.

Athens Stock Exchange opens on Monday – Schweizer Radio und Fernsehen

The Greek finance returns to drastic coercive measures gradually to normal operation: After the banks to on Monday the stock market reopened in Athens. However, the share trading is subject to certain restrictions.

Good to one month after its closure, the Greek stock market be open again on Monday in Athens. The corresponding decree was signed by Finance Minister Euclid Tsakalotos on Friday, said the Finance Ministry in Athens.

The stock market has been closed since the end of June. At that time the country’s banks were made tight because the customer had previously rows evacuated for fear of a sovereign default of their accounts.

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Only 60 euros on ATM

The Greeks can withdraw daily 60 euros from their accounts. The controls were imposed on 29 June, so that the Greek banks do not collapse. The Greeks had raised in the past few months for fear of a financial collapse of the country several billion euros from their accounts.

share trading is subject to limitations

It is clear from the adoption results, the Greeks are until further notice can only buy stocks when they bring it funds from abroad into the country or pay cash for it. Remain The remaining capital traffic controls are.

The European Central Bank had approved the reopening of the stock market in the early week. As trading for Greeks but should be limited, there have been delays. Background were problems with the IT systems of banks, which have to implement the restrictions. For foreign investors, this should not apply.

Parallel run the detailed negotiations for a third Hellas-aid package worth up to 91 billion Swiss francs. Thus, the state bankruptcy is to be avoided. In return, the country should implement further reforms and savings

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German Bank tripled profit – Hamburger Abendblatt

  07/31/15
 
 

 New Co-chief complains unacceptably high costs and large loads from litigation

                 Frankfurt. The German bank has worked in the second quarter despite continued high burden of litigation further upwards. Pre-tax profit climbed compared with the same period last year by 34 percent to 1.2 billion euros, as the DAX Group announced in Frankfurt on Thursday. The Bank <"p_2" p class => benefited from active trading in the financial markets and favorable exchange rates.

The revenues increased by 17 percent to 9.2 billion euros. The surplus has more than tripled to 818 million euros. A year ago, an extraordinarily high tax burden had burdened the balance sheet. Progress made the Bank to strengthen their capital ratios.

“The solid revenue growth highlights the underlying strength of our business,” said the reigning since July, Co-Chief John Cryan. “However, our challenges are clear:. Unacceptably high costs, persistently high burden of litigation to balance intensive businesses and overall returns for our shareholders, which is too low” Costs rose in the second quarter by 17 percent to 7.8 billion euros. Thus, the cost-income ratio stood at 85 percent. The Bank is therefore for each occupied euro 85 cents off. This is true in an international comparison as too high.

The numerous lawsuits hit with 1.2 billion euros to beech, almost three times as much as a year ago. Overall, the Bank for legal legacy has now reserved 3.8 billion euros. The legal risks for which cash has not yet come, the Bank now liquidated to 3.2 billion euros. As the largest of outstanding concerns case disputed transactions are securitized real estate loans in the United States from the financial crisis

Cryan asked for patience in transforming the Bank. “. It will take years to deliver” He had replaced on July 1, Anshu Jain as part of the dual leadership with Jürgen Fitschen. After the Annual General Meeting in May 2016, the Briton will be sole CEO.

A capital increase is not planning Cryan time being. “I know that there are these speculations,” the Briton said in a conference call. “Another capital increase will not solve our core issues.” In addition, the issue of new shares is not in the interests of shareholders. “Our main challenge is strategic in nature, we have a structural cost problem that is obvious.”

Again and again had torn misperceptions to the capital requirements of the supervisory authorities as well as billions of penalties because of numerous scandals holes in the balance sheet and the image of the battered bank. The reigning since 2012 twin spiers Jain / Fitschen became increasingly coming under fire. At the annual general meeting in May, shareholders punished from the duo. In June, the Supervisory Board set the course for a new beginning.

“I do not believe that what we do to you” | secretly CDU politician in … – PICTURE

Greece ex-Finance Varoufakis revealed a US magazine most intimate details of his short political career. more …

So many specials There’s never been – FAZ – Frankfurter Allgemeine Zeitung

      

 
 
 
 
 
     
 
 
 
 
 
 
 
 
         
 
                                              

 
 
     
     
     
         
         
                                                             

Use record: Never before there has been in the German food trade as many promotions as the first half of 2015. This emerges from a study by the Society for Consumer Research (GfK) <. / p>
                         
         
         
                                                             
                                 

Almost one-fifth of sales of consumer goods of everyday needs – apart from the fresh food counters – was achieved in the first six months as part of cutbacks actions reported GfK retail expert Wolfgang Adlwarth on Friday. For branded products thus accounted for even 27.8 percent of sales achieved on Promotions – noticeably more than in previous years,

.
                         
         
         
                                                             

“The issue prices dominated this year’s competition is much stronger than in recent years,” says Adlwarth. Trigger was the price war between the discounters Aldi and Lidl. Aldi list currently getting new brand products in order to benefit from the trend observed in Germany for higher-value consumption.

                         
         
         
                                                             

Lidl feels characterized attacked explains Adlwarth. The company feared for his far superior price image in branded goods and hit back – which in turn Aldi will not let rest: “This is a battle that will take place over rock-bottom prices.”

                         
         
         
                                                             

“The madness must come to an end”

The journal “Lebensmittel Zeitung” spoke of a “veritable earthquake” that would have triggered the brand’s Listings from Aldi. In fact, the battle of the giants affect the entire food trade. To remain competitive, according to GfK also need classic supermarkets and drugstores at least go along to a certain extent – for example through additional promotions. And also the smaller discounters such as Kaufland has no choice but to orient themselves to the market leaders.

                         
         
         
                                                             

The brand manufacturers view the developing situation with concern. The Germany boss of the consumer goods giant Unilever (Langnese, Knorr, Axe), Ulli Gritzuhn demanded recently in an interview: “The madness must come to an end.”

                         
         
         
                                                             

The price wars at the expense of brand manufacturers could not cope with the company in the long run. “We as an industry and trade must find a way how we can stop the destruction of value in the brands”, demanded Gritzuhn.

                         
         
         
                                                             

The sales decreases anyway

Also Andreas Gayk, the head of sales policy and trade relations with the Association of Brand Manufacturer (Brand Association), resents the latest development: “This is value destruction par excellence.” What passing there, is neither necessary nor meaningful: “We would welcome pronounced when the food trade would find ways to distinguish themselves differently on simple price mechanism to compete with rivals.”

                         
         
         
                                                                                                                                                                      

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sales successes have not yet brought the discounters already aggressive cutbacks actions. According to GfK, sales of low-cost carriers in the first half year by 0.7 percent below the previous year’s level. The classic supermarkets shone contrast with a growth of 2.8 percent. Overall, the buying mood of consumers all over the German retail sector helped from January to June, according to the Federal Statistical Office to a real (price-adjusted) increase in sales of 2.5 percent compared to the same period last year.

                         
         
         
                                                             

The fact that the desire for the brand to an early end of price wars in the food business come true, trade expert Adlwarth believes not: “The price spiral will probably continue to turn for a while.”

                                 

 
  

 
 
 
                       

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Berlin Aldi supermarket Extreme Fund at discounters: Much cocaine, little bananas

The common narcotics investigation team Berlin, consisting of customs investigators and the Berlin police, can ensure 380 kilograms of cocaine. The drugs were hidden in banana boxes, which – probably inadvertently – were delivered to a discounter More

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+++ +++ Greece crisis: Tsipras commissioned Varoufakis with Grexit plan – ABC Online

Updated on Friday, 07.31.2015, 13:34

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After several Delays run the negotiations between Greece and its international creditors on new grants this week in Athens. Before making a report of a Grexit-secret plan of ex-Finance Varoufakis the round. The Greeks thriller Ticker.

• Greeks adopt austerity measures and reforms.
• Athens sought new assistance from the IMF.
• negotiations with the EU partners run in Athens.
• newspaper reported Grexit-secret plan

The facts:. After several delays negotiate Greece and its international creditors again over new grants. The Troika is unloved since June 2014 for the first time on the spot. By mid-August the final agreement on the reorganization of the Greek budget should be available. Tsipras announced meanwhile to a debt relief in November. In addition, the alleged Grexit-secret plan of the Greeks led by Varoufakis vertebra. The Greek office is investigating the ex-finance minister.

Should Germany Greece continue to help?

Yes, Germany will continue to support the Greeks

No, the Greeks should finally emerge from the euro

"Do not look for scandals at Varoufakis"

13.02 clock: Greece had, in the words of the Prime Minister Alexis Tsipras never the aim to withdraw from the euro zone. Nevertheless, one was prepared for all eventualities, Tsipras said on Friday in the Greek parliament. The former Finance Minister Giani Varoufakis is criticized because it is said to have worked on a plan for a euro exit of Greece.

Tsipras took his ex-minister in protection. "Do not search for scandals at Varoufakis," Tsipras said. Varoufakis have probably made mistakes. "But you can not accuse him of that to be a crook. You can not accuse him that he stole the people's money. He has no money taken abroad," Tsipras said.

Tsipras confirmed "Grexit" plans, "Yes, I have an order issued"

10.13 Clock: Prime Minister Alexis Tsipras has for a few minutes ago the first time expressed about the Grexit plans of former minister Varoufakis. In Parliament Tsipras said:? ". Yes, I have given the order to prepare such a plan for an emergency" "If our creditors prepare a Grexit plan, should not we have prepared our defense," said the Prime Minister with a view to the scenario of an imminent euro-Greek exit. In addition, Tsipras said that European Commission President Jean Claude Juncker-have already expressed in 2012 such plans in public.

negotiation of Athens-believer in the decisive phase

08.57 Clock: take preparatory work their inspectors the funder of Greece on Friday directly in touch with Treasury Euclid Tsakalotos and Economy Minister Giorgos Stathakis. This was reported from circles of Finance in Athens on Friday morning. With rapid decisions on new aid loans government employees in Athens do not expect. But much time has not the government under Alexis Tsipras. Until August 20, Athens has to repay 3.2 billion euros to the European Central Bank (ECB).

Bundesbank President wants investors in Greek bankruptcy in losses participate

08.13 Clock: buyers of bonds of European crisis countries must continue to expect a significantly higher risk of loss. According to the ideas of Bundesbank President Jens Weidmann, the term of these bonds shall be automatically renewed for another three years if the States request assistance in European rescue fund ESM.

That left individual investors in the duty and would be in the event of state bankruptcy participate in the losses. "The Community liability and the volume of aid programs would be reduced dramatically, investors would remain the responsibility of and paid no longer by public aid funds," said Weidmann in an interview with FOCUS.

sees higher credit costs for bonds of the countries concerned the Federal bankers not as a problem: "The effect would be manageable and would mainly concern securities that are due soon. . If a euro area country house hold unsound, then rising risk premiums would in any case exactly the type of market discipline, which is the core of a monetary union in which there should be no joint liability "

Video: This gesture fought Varoufakis from - but now the memory back

if the euro is in danger: So save your money

Do you also have such a queasy feeling? , you will see 30 pages as your receive assets in uncertain times and secure it despite euro crisis and low interest-times and continue to multiply.
Click here for more information and to download

Overview: +++ Greek crisis +++

• Tsipras commissioned Varoufakis with Grexit plan
• IMF are no immediate loans to Greece
• Tsipras wants to party vote on course
• Greeks praise" very good atmosphere "of the talks in Athens
• ECB leaves Ela-emergency loans for Greece banks unchanged
• Varoufakis called Greek crisis as a "financial war"
• office is investigating Varoufakis
• Greece drives talks on new billions in aid ahead
• Varufakis' "Grexit" plans: Greek Parties call Enlightenment
• creditors of Greece arrived for talks in Athens
• Athens: negotiations with creditors could on Tuesday begin
• Greece formally applies for new IMF aid
• Greek Press : Tsipras party is nearing division
• unrest at Syntagma Square: demonstrators throwing Molotov cocktails at ...
• Communists and officials call for demonstrations on
• aid package for Greece to be in second half of August
• IMF exchanged chief negotiator for Greece
• Europa-Friendly To-Potami Party wants Tsipras support
• Greek Government elections "at the moment"
• Day of Truth: Greek Open banks - ECB repayment ...
• EU Commissioner warns Athens against new tricks
• course, won the heart: Now waving Tsipras absolute ...
• Like the time: Merkel smiles, Schäuble is looking in a different direction
• Greek banks are Monday reopen
• Tsipras criticized nay-sayers to reforms in their own Syriza Party
• Dijsselbloem calls for end to "Grexit" debate
• Banks could open on Monday
• Parliament Speaker rages against austerity and speaks of ...
• Parliament majority for austerity and reform requirements
• France blesses aid for Greece from
• TV appearance of Tsipras: "Do not believe in reform plan"
• CDU Vice Strobl: "The Greeks now has long enough annoyed "
• CDU Vice Strobl:" The Greek has annoyed now long enough "
• Greece repays debt - only not to the IMF
• Greece pays debts to Japanese investors back
• Russia welcomes compromise in Greek debt crisis
• Tsipras in Athens landed
• Tsipras: "The Grexit belongs to the past"
• crux Privatisation Fund: Germany insists on 50 ...
• altercation between Draghi and Schäuble: That's what happened at the meeting of ...
• Euro -Bosse days of Merkel's intimate meeting with Tsipras further
• Tusk says special summit of EU states from
• Schäuble plans Grexit on time
• Greece denies Schäuble "Grexit on time" plan
• funder with Athenians savings plans agree
• Tsipras in parliament: "We have decided to take a Grexit ...
• While Europe trembles Varoufakis makes holidays
• French Minister warns of the end of the euro area
• Syriza-exam: Tsipras shoot tears to my eyes
• Reform list sent: What Greece promises to creditors
• Athens puts euro zone comprehensive list of proposals before
• Athens has sent austerity program
• Wolfgang Schäuble speaks plain text - "Set it out a measure ...
• IMF chief Lagarde wants rescheduling for Greece
• hope that Greece remains in the euro zone - Dax stable
• Tsipras speaks before the European Parliament
• Treasury prepares IOUs for pensioners before
• Merkel: special summit on Greece on Sunday
• Greece comes without saving concept - Tsipras does not want to save
• Tsipras needs 7 billion euros to bankruptcy avert
• France's Premier Valls goes on the offensive with Merkel
• After Referendum: Tsipras wants agreement on Euro-whereabouts
• sense warns: Without drachma there are street battles and looting
• Varoufakis occurs as finance minister in Greece back
• "No" in the referendum causes unrest in the stock markets
• Varoufakis: "If the donors the hand of cooperation ...
• All Greek regions vote 'no' - 61.31 percent lean ...
• Bundesbank: When Grexit threaten billions loads
• Ex-Prime Minister Papandreou's Merkel and Schäuble blame for ...
• Varoufakis throws creditors terrorism before
• bailout fund explains: Greece is insolvent
• If "Yes" will withdraw Varoufakis, but continue to negotiate
• Schäuble receives one billion from geplatztem aid package back
• IMF: Athens needs additional 50 billion by 2018.
• If 'yes' to austerity plan: Varoufakis announces resignation
• "No talking" - Greece headed for bankruptcy to
• Greek State Council decides on action against referendum
• Tsipras:" Salaries, pensions and savings accounts will not be lost "
• Greek pensioners flock to the banks
• Athens asks for extension of the repayment period
• Juncker mysterious:
• Federal Government: No last minute rescue for Greece
• IMF may Tsipras despite debt no pressure to make
• Greece is overdue IMF -rate not pay
• Merkel: Manageable burden on Germany
• Hollande: "There are only a few hours'
• Varoufakis:" Europe humiliates our government "
• Banks and exchange remain closed on Monday
• Varoufakis is considering capital controls
• ECB wants emergency loans for Greek banks stop
• ECB convenes emergency meeting
• Euro Group convenes without Varoufakis
• Euro group boss: "This was the last chance to reach an agreement"
• Euro Group denied renewal of grants
• Dijsselbloem: Decision to Greece must fall Saturday
• Merkel: special meeting on Saturday "crucial ...
• IMF insists on June 30 as Payment deadline for Greece
• Schäuble: Greeks have "rather moved backwards"
• Lace Round examined before unification in Greece dispute
• agreement on this matter was postponed again - also the night summit with Tsipras ...
>
• Crisis meeting: donors agree to Greece from
• "Death knell for Greece" - Syriza politicians go the distance ...
• EU confirms emergency meeting on Greece on Wednesday
• ECB again increased emergency loan Framework for Greece
• " Death knell for Greece "- Syriza politicians go the distance ...
• Schäuble to debt crisis:" No new proposals from Athens "
• Junker does not expect a quick agreement
• Junckers Chef de Cabinet: Athens proposals good basis for summit
• Varoufakis explains: Under these conditions, Greece ...
• US government calls Greece and donors to reach agreement on
• Lagarde foppt Varoufakis: "criminals in person"
• Greek Committee: "The debts are illegal"
• Grexit threatens: Greeks are between agreement and bankruptcy
  

+++ +++ Greece crisis: Tsipras defended Varoufakis: “I have Grexit … – ABC Online

Updated on Friday, 07.31.2015, 16:53

Thank you for rating!

4

Report Error

You have an error found?

Please select the relevant words in the text. With just two clicks you report the error the editors.

After several Delays run the negotiations between Greece and its international creditors on new grants this week in Athens. Before making a report of a Grexit-secret plan of ex-Finance Varoufakis the round. The Greeks thriller Ticker.

• Greeks adopt austerity measures and reforms.
• Athens sought new assistance from the IMF.
• negotiations with the EU partners run in Athens.
• newspaper reported Grexit-secret plan

The facts:. After several delays negotiate Greece and its international creditors again over new grants. The Troika is unloved since June 2014 for the first time on the spot. By mid-August the final agreement on the reorganization of the Greek budget should be available. Tsipras announced meanwhile to a debt relief in November. In addition, the alleged Grexit-secret plan of the Greeks led by Varoufakis vertebra. The Greek office is investigating the ex-finance minister.

Should Germany Greece continue to help?

Yes, Germany will continue to support the Greeks

No, the Greeks should finally emerge from the euro

Stock Exchange in Athens will open on Monday

16.53 Clock: The Athens Stock Exchange accepts on Monday after five weeks off their resumes operation, which has the Greek Ministry of Finance announced a few minutes ago. Over the weekend a number of test runs are planned. The reports, the Greek business newspaper "Naftemporiki"

"Do not search for scandals at Varoufakis"

13.02 clock. Greece had, in the words of the Prime Minister Alexis Tsipras never the aim to withdraw from the euro zone. Nevertheless, one was prepared for all eventualities, Tsipras said on Friday in the Greek parliament. The former Finance Minister Giani Varoufakis is criticized because it is said to have worked on a plan for a euro exit of Greece.

Tsipras took his ex-minister in protection. "Do not search for scandals at Varoufakis," Tsipras said. Varoufakis have probably made mistakes. "But you can not accuse him of that to be a crook. You can not accuse him that he stole the people's money. He has no money taken abroad," Tsipras said.

Tsipras confirmed "Grexit" plans, "Yes, I have an order issued"

10.13 Clock: Prime Minister Alexis Tsipras has for a few minutes ago the first time expressed about the Grexit plans of former minister Varoufakis. In Parliament Tsipras said:? ". Yes, I have given the order to prepare such a plan for an emergency" "If our creditors prepare a Grexit plan, should not we have prepared our defense," said the Prime Minister with a view to the scenario of an imminent euro-Greek exit. In addition, Tsipras said that European Commission President Jean Claude Juncker-have already expressed in 2012 such plans in public.

negotiation of Athens-believer in the decisive phase

08.57 Clock: take preparatory work their inspectors the funder of Greece on Friday directly in touch with Treasury Euclid Tsakalotos and Economy Minister Giorgos Stathakis. This was reported from circles of Finance in Athens on Friday morning. With rapid decisions on new aid loans government employees in Athens do not expect. But much time has not the government under Alexis Tsipras. Until August 20, Athens has to repay 3.2 billion euros to the European Central Bank (ECB).

Bundesbank President wants investors in Greek bankruptcy in losses participate

08.13 Clock: buyers of bonds of European crisis countries must continue to expect a significantly higher risk of loss. According to the ideas of Bundesbank President Jens Weidmann, the term of these bonds shall be automatically renewed for another three years if the States request assistance in European rescue fund ESM.

That left individual investors in the duty and would be in the event of state bankruptcy participate in the losses. "The Community liability and the volume of aid programs would be reduced dramatically, investors would remain the responsibility of and paid no longer by public aid funds," said Weidmann in an interview with FOCUS.

sees higher credit costs for bonds of the countries concerned the Federal bankers not as a problem: "The effect would be manageable and would mainly concern securities that are due soon. . If a euro area country house hold unsound, then rising risk premiums would in any case exactly the type of market discipline, which is the core of a monetary union in which there should be no joint liability "

Video: This gesture fought Varoufakis from - but now the memory back

if the euro is in danger: So save your money

Do you also have such a queasy feeling? , you will see 30 pages as your receive assets in uncertain times and secure it despite euro crisis and low interest-times and continue to multiply.
Click here for more information and to download

Overview: +++ Greek crisis +++

• Tsipras defended Varoufakis: "I have ordered Grexit Plan"
• IMF are no immediate loans to Greece
• Tsipras wants to party vote on course
• Greeks praise "very good atmosphere" of the talks in Athens
• ECB leaves Ela-emergency loans for Greece banks unchanged
• Varoufakis called Greek crisis as a "financial war"
• office is investigating Varoufakis
• Greece drives talks on new billions in aid ahead
• Varufakis' "Grexit" plans: Greek Parties call Enlightenment
• creditors of Greece arrived for talks in Athens
• Athens : negotiations with creditors could begin on Tuesday
• Greece formally applies for new IMF aid
• Greek Press: Tsipras party is nearing division
• unrest at Syntagma Square: demonstrators throwing Molotov cocktails at ...
• Communists and officials call for demonstrations on
• aid package for Greece is in second half of August are
• IMF exchanged chief negotiator for Greece
• Europa-Friendly To-Potami Party Tsipras wants to support
• Greek Government elections "at the moment"
• Day of Truth: Open Greek banks - ECB repayment ...
• EU Commissioner warns Athens against new tricks
course, won the heart: Now waving Tsipras absolute ...
• Like the time: Merkel smiles Schäuble looking in another direction
• Greek banks are Monday reopen
• Tsipras criticized nay-sayers to reforms in its own Syriza Party
• Dijsselbloem calls for end to "Grexit" debate
• Banks could open on Monday
• Parliament Speaker rages against austerity and speaks of ...
• Parliament majority for austerity and reform requirements
• France blesses aid for Greece from
• TV appearance of Tsipras: "Do not believe in reform plan"
• CDU Vice Strobl " The Greek has annoyed now long enough "
• CDU Vice Strobl:" The Greek has annoyed now long enough "
• Greece repays debt - only not to the IMF
• Greece pays debts to Japanese investors back
• Russia welcomes compromise in Greek debt crisis
• Tsipras in Athens landed
• Tsipras: "The Grexit belongs to the past"
• crux Privatisation Fund: Germany insists on 50th ..
• altercation between Draghi and Schäuble: That's what happened at the meeting of ...
• Euro bosses days of Merkel's intimate meeting with Tsipras further
• Tusk says special summit of EU states from
• Schäuble plans Grexit on time
• Greece denies Schäuble "Grexit on time" plan
• funder with Athenians savings plans agree
• Tsipras in parliament: "We have decided to take a Grexit. ..
• While Europe trembles Varoufakis makes holidays
• French Minister warns before the end of the euro area
• Syriza-exam: Tsipras shoot tears to my eyes
• Reform list sent: What Greece creditors promises
• Athens puts euro zone comprehensive list of proposals before
• Athens austerity program sent
• Wolfgang Schäuble speaks plain text - "Set it out a measure ...
• IMF chief Lagarde wants rescheduling for Greece
• hope that Greece remains in the euro zone - Dax stable
• Tsipras speaks before the European Parliament
• Treasury prepares IOUs for pensioners before
• Merkel: special summit on Greece on Sunday
• Greece comes without saving concept - Tsipras do not want to save
• Tsipras needs 7 billion euros to avert bankruptcy
• France Premier Valls goes on a collision course with Merkel
• After Referendum: Tsipras wants agreement on Euro-whereabouts
• sense warns: Without drachma there are street battles and looting
• Varoufakis occurs as finance minister in Greece back
• "No" in the referendum causes unrest in the stock markets
• Varoufakis: "If the donors the hand of cooperation ...
• All Greek regions vote 'no' - 61.31 percent lean ...
• Bundesbank: When Grexit threaten billions loads
• Ex-Prime Minister Papandreou's Merkel and Schäuble blame for ...
• Varoufakis throws creditors terrorism before
• bailout fund explains: Greece is insolvent
• If "Yes" will withdraw Varoufakis, but continue to negotiate
• Schäuble receives one billion from geplatztem aid package Previous
• IMF: Athens needs additional 50 billion by 2018.
• In " yes' to austerity plan: Varoufakis announces resignation
• "No talking" - Greece headed for bankruptcy to
• Greek State Council decides on action against referendum
• Tsipras: "Salaries, pensions and savings accounts will not be lost"
• Greek pensioners flock to the banks
• Athens asks for extension of the repayment period
• Juncker mysterious:
• Federal Government: No load minute rescue for Greece
• IMF may Tsipras despite debt no pressure to make
• Greece is overdue IMF rate will not pay
• Merkel: Manageable burden on Germany
• Hollande:" There are only a few hours'
• Varoufakis: "Europe humiliates our government"
• Banks and exchange remain closed on Monday
• Varoufakis is considering capital controls
• ECB wants emergency loans for Greek banks stop
• ECB convenes emergency meeting
• Euro Group convenes without Varoufakis
• Euro Group CEO: "This was the last chance to reach an agreement"
• Euro Group denied renewal of grants
• Dijsselbloem: Decision to Greece must fall Saturday
• Merkel: special meeting on Saturday "crucial ...
• IMF insists on June 30 as a payment deadline for Greece
• Schäuble: Greeks have "rather moved backwards"
• Lace Round investigated prior agreement in Greece dispute
• agreement on this matter was postponed again - also the night summit with Tsipras ...
• Schäuble did not believe in an agreement on Wednesday night
• Crisis meeting: donors agree to Greece from
• "Death knell for Greece" - Syriza politicians go the distance ...
• EU confirms emergency meeting on Greece on Wednesday
• ECB again increased emergency loan Framework for Greece
• "Death knell for Greece" - Syriza politicians go the distance ...
• Schäuble to debt crisis: "No new proposals from Athens "
• Junker does not expect any quick agreement
• Junckers Chef de Cabinet: Athens proposals good basis for Summit
• Varoufakis explains: Under these conditions, Greece ...
• US government calls Greece and donors to reach agreement on
• Lagarde foppt Varoufakis: "criminals in person"

The Germans have less thirst for beer – FAZ – Frankfurter Allgemeine Zeitung

      

 
 
 
 
 
     
 
 
 
 
 
 
 
 
         

 
 
 
 
 
          The glass is … you know.
     

 
                                              

 
 
     
     
     
         
         
                                                             

After boozy football Summer Party last year, the German brewers the subsequent hangover has caught. In the first half 2015, they brought more than a million hectoliters of alcoholic varieties less among the beer drinkers. The total amount of 46.9 million hectoliters a decrease of 2.1 percent, the Federal Statistical Office reported on Friday.

                         
         
         
                                                 
             
                         
         
         
                                                             
                                 

Especially in the inland people had less thirsty for beer and Co. The taxed amount of beer was above average by 2.7 per cent to 38.6 million hectoliters. This could only be partly offset by increased exports, as well as in the EU weakened the paragraph with a minus of 4.7 percent significantly. After overseas exports rose, however, by 11.2 percent to around 3.3 million hectoliters.

                         
         
         
                                                             

The German Brewers’ Association makes weather differences of as the main reason for the poor mid-term review in 2015. 2014 had been an exceptional year, says chief executive Holger Eichele. “Have contributed to the positive result in 2014, a relatively short winter and the good weather in spring and early summer and the good sales during the Football World Cup.” All that was missing in 2015, so that you can hope for a sunny summer and a mild autumn.

                         
         
         
                                                 
             
                         
         
         
                                                             

But not all vendors have the same cat gets difficult. In the international business, especially the Bavarian breweries are successful with their tradition beers. From the southern province came in the first half of 2015. A round back third of the Export beers – followed by Lower Saxony / Bremen, where especially the Beck’s brewery AB Inbev-stands for the overseas business. Domestically, however, continue to dominate the Brewers from North Rhine-Westphalia.

                         
         
         
                                                             

According to an analysis of the journal “Inside-drinks” has managed with Krombacher a brand from the Sauerland region, despite a slight drop in sales (-0.3 percent), to become the most popular beer in Germany. The heavily advertised brand was the duration competitors Bitburger and Veltins behind and could also the longtime leader Oettinger displace first time since 2004 to second place.

                         
         
         
                                                             

The largest sales losses of 7.7 percent among the top ten had to accept the Warsteiner brewery, which is ailing for some time and had clearly lost in the boom year of 2014 against the trend. A round-quarters of its sales lost the traditional Hamburg brand Holsten. Strong growth, however, recorded according to the journal, the largest German brewer Radeberger Group with its East German brands.

                         
         
         
                                                             

see their future among other brewers in non-alcoholic beers. In the past year they have around 6.3 million hectoliters sold them -. About 50 percent more than in 2010

                         
         
         
                                                                                                                                                                      

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Disappointing, however, business was with the popular, especially among young people beer mixtures. Here, the control statistics recorded in the first half of 2015, an above-average decline by 14.6 percent to just 1.92 million hectoliters. The much described trend towards craft-based “Craft beers” remained in the crowd without major consequences.

                                 

 
  

 
 
 
                       

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Giant Flyer “Aquila”: Facebook wants to bring a drone on the Internet – Tagesspiegel

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With 40 meters it has a wingspan as an airliner. The drone “Aquila” to remote areas to bring the Internet. Facebook hopes to new customers.

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Facebook has introduced the first version of its drone that will bring internet to remote areas. The unmanned aerial vehicle named “Aquila” have the wingspan of a Boeing 737, said Facebook founder Mark Zuckerberg late Thursday.

The solar-powered drone weighing less than a car and could stay in the air for months. In addition, Facebook has developed an extremely precise laser system, the data can transferred per second at a speed of ten gigabits

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Google relies on balloons

The world’s largest online network with about 1.5 billion members have long pursued the project, from the Internet to bring air in areas with weak infrastructure. For Facebook last year bought the British drones developers Ascenta.

Google is in a similar program also on drones – but also on huge balloons with antennas. Hundreds of millions of new Internet users are also likely to online giants bring more business.

The “Aquila” -Drohne should fly up to three months at a time at altitudes between 18,000 and 28,000 feet, reported the Technology -Blog “Mashable” from a presentation at Facebook. In the air they’ll put on a helium balloon, from which they then abkoppele itself. (AP)

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Current Topics from the economy -Ressort

German Bank CEO takes hard by – THE WORLD

The new head John Cryan wants to bring the German bank with a radical treatment on course and close the gap on the competition. The almost 100,000 employees must prepare themselves for severe cutbacks. “Changes can be stressful, but maintain the status quo is not an option,” wrote the Briton to the workforce. Although it was 818 million euros to more than triple the net income for the second quarter of Germany’s biggest money home, because the days business was robust. But it was “because not nearly where we should be,” Cryan found clear words. The costs were too high: “Our main challenge is strategic in nature, we have a structural cost problem which is obvious,” he said to the investors at the launch of the results

Cryan sitting since July 1 on the executive chair. He took over from Anshu Jain, who resigned after criticism from supervisors and investors because of years of group restructuring has not brought the desired results. In return, the bank has remained below expectations, the dividend is stagnating, while the US competition which attracts. Many European banks have consistently saved as the German bank.

For the people of Frankfurt to the new “2020 Strategy” bring the breakthrough. Cryan, who sat the last two years on the Supervisory Board, has helped to develop it. Details he wants to introduce in October. In essence, it comes to be smaller – including through the sale of Postbank, the dismantling of the private client business and a retreat from several countries. The investment bank, which needs a lot of capital is to slim down. Observers expect that the Group thousands of jobs disappear

Cryan made it clear where the journey goes:.. “So our strategy is successful, we need to be more efficient, we must be disciplined at the question of how, where and with whom we do business. ” The German bank did not draw from their potential. At the same time Cryan asked for patience in transforming the Bank “. It will take years to deliver” But many believe to him, the long-promised “culture change” actually implement – as a man from the outside, he must on no cliques considerate and can give the new beginning credibility. Officially Cryan has until spring still Jürgen Fitschen as Co-Chief on the side. The Lower Saxony is to open the doors to the British domestic economic variables and make the transition. At the shareholders the news came on Thursday at good: The share climbed to its highest price in three months.

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+++ +++ Greece crisis: IMF does not want to at third rescue package for … – ABC Online

Updated on Friday, 07.31.2015, 06:35

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After several Delays run the negotiations between Greece and its international creditors on new grants this week in Athens. Before making a report of a Grexit-secret plan of ex-Finance Varoufakis the round. The Greeks thriller Ticker.

• Greeks adopt austerity measures and reforms.
• Athens sought new assistance from the IMF.
• negotiations with the EU partners run in Athens.
• newspaper reported Grexit-secret plan

The facts:. After several delays negotiate Greece and its international creditors since Monday in Athens over new grants , The Troika is unloved since June 2014 for the first time on the spot. By mid-August the final agreement on the reorganization of the Greek budget should be available. Tsipras announced meanwhile to a debt relief in November. Previously made a report on a Grexit-secret plan of the Greeks led by Varoufakis vertebra. The Greek office is investigating the ex-finance minister. And Prime Minister Tsipras is located in the new negotiations is anything but cooperative.

Should Germany Greece continue to help?

Yes, Germany will continue to support the Greeks

No, the Greeks should finally emerge from the euro

special party to solution in Syriza-factional dispute bring

Friday 31st July 06.32 Clock: A special party conference in September to resolve the dispute within the direction of the Greek ruling party Syriza. This was decided by the Central Committee of the party after hours session late Thursday, as state television reported (ERT). The exact date of the meeting is still open.

The left wing of the party of Prime Minister Alexis Tsipras had last voted twice against reform and austerity measures were a prerequisite for further negotiations with international creditors on a new aid package. The projects could be approved only with the votes of the opposition.

Tsipras had repeatedly stated in recent days, was his first priority is to bring the third utility with creditors signed and sealed. Then he wanted to tackle the dispute in his party.

In a televised speech, Tsipras defended before Syriza Central Committee his U-turn toward the demanded by the creditors austerity program. He had "no choice" but to agree to the new negotiations, Tsipras said. He also campaigned for the deputies of the left wing Syriza for an end to the internal strife. Who believe that I have a better solution, "which is to say it, even if this would mean a return to the (old currency) drachma," Tsipras said. "Magic solutions" does not exist.

Tsipras is according to experts at the congress a showdown before. The ruling party is likely to have great difficulty in averting a split. The debate was also on Thursday to solve the dispute in a direction matching of all party members on upcoming or next weekend.

IMF are no immediate loans to Greece

16.30 Clock: IMF does not participate in a new austerity package: The members of the International Monetary Fund (IMF) made it clear that the Greek public debt without debt is unsustainable. Although the IMF involved in the talks, but the members want to agree to any further loans. As the Financial Times reported in its online edition, the members complain about the high debt burden also take the lack of motivation of the Greek government to implement reforms.

Video This gesture fought Varoufakis from - but now returns the memory back

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Overview: +++ Greek crisis +++

• IMF does not want to be on the third aid package for Greece ...
• Tsipras wants to vote Party of course
• Greeks praise "very good atmosphere" of the talks in Athens
• ECB leaves Ela-emergency loans for Greece banks unchanged
• Varoufakis called Greek crisis as a "financial war"
• office is investigating Varoufakis
• Greece drives talks on new billions in aid ahead
• Varufakis' "Grexit" plans: Greek Parties call Enlightenment
• creditors to Greece negotiations in Athens arrived
• Athens: negotiations with creditors could begin on Tuesday
• Greece formally applies for new IMF aid
• Greek Press: Tsipras party is nearing division
• unrest at Syntagma Square: demonstrators throwing Molotov cocktails at ...
• Communists and officials call for demonstrations on
• aid package for Greece is in second half of August are
• IMF exchanged chief negotiator for Greece
• Europa-Friendly To-Potami Party wants Tsipras support
• Greek Government elections

  "at the moment"
• Day of Truth: Open Greek banks - ECB repayment ...

EU Commissioner warns Athens against new tricks

Course broken, won the heart: Now waving Tsipras absolute ...

Like the time: Merkel smiles, Schäuble is looking in a different direction

Greek banks to Monday reopen

Tsipras criticized nay-sayers to reforms in its own Syriza Party

Dijsselbloem calls for end to "Grexit" debate

Banks could open on Monday

Parliament Speaker rages against austerity and speaks of ...

Parliament majority for austerity and reform requirements

France blesses aid for Greece from

TV appearance of Tsipras: "Do not believe in reform plan"

CDU Vice Strobl: "The Greek has annoyed now long enough"

CDU Vice Strobl: "The Greek has annoyed now long enough"

Greece repays debt - only not to the IMF

Greece pays debts to Japanese investors back

Russia welcomes compromise in Greek debt crisis

Tsipras in Athens landed

Tsipras: "The Grexit thing of the past"

crux Privatisation Fund: Germany insists on 50 ...

altercation between Draghi and Schäuble : That's what happened at the meeting of ...

Euro bosses days of Merkel's intimate meeting with Tsipras further

Tusk says special summit of EU states from

Schäuble plans Grexit on time

Greece denies Schäuble "Grexit on time" plan

funder with Athenians savings plans agree

Tsipras in parliament: "We have decided to take a Grexit ...

While Europe trembles, makes Varoufakis holidays

French Minister warns of the end of the euro area

Syriza exam : Tsipras shoot tears to my eyes

sent Reform List: What Greece creditors promises

Athens puts euro zone comprehensive list of proposals before

Athens austerity program has sent

Wolfgang Schäuble speaks plain text - "Set it out a measure ...

IMF chief Lagarde wants rescheduling for Greece

hope that Greece remains in the euro zone - Dax stable

Tsipras speaks before the European Parliament

Treasury prepares IOUs for pensioners before

Merkel: special summit on Greece on Sunday

Greece comes without saving concept - Tsipras does not want to save

Tsipras needs 7 billion Euro to bankruptcy avert

France's Premier Valls goes on a collision course with Merkel

After Referendum: Tsipras wants agreement on Euro-whereabouts

warns sense: Without drachma there are street battles and looting

Varoufakis occurs as finance minister in Greece back

"No" in the referendum causes unrest in the stock markets

Varoufakis: "If the donors the hand of cooperation ...

All Greek regions with No - 61.31 percent lean ...

Bundesbank: When Grexit threaten billions loads

Ex-Prime Minister Papandreou's Merkel and Schäuble blame for ...

Varoufakis throws creditors terrorism before

bailout fund explains: Greece is insolvent

If "Yes" will withdraw Varoufakis, but continue to negotiate

Schäuble receives one billion from geplatztem aid package back

IMF: Athens needs another 50 billion by 2018.

If "Yes" to the savings plan: Varoufakis announces resignation

" No talking "- Greece headed for bankruptcy to

Greek State Council decides on action against referendum

Tsipras: "Salaries, pensions and savings accounts will not be lost"

Greek pensioners flock to the banks

Athens asks for extension of the repayment period

Juncker mysteriously: "In Athens occur just important things"

Federal Government: No last minute rescue for Greece

IMF may Tsipras despite debt no pressure to make

Greece is overdue IMF rate will not pay

Merkel: Manageable burden on Germany

Hollande:" There are only a few hours'

Varoufakis: "Europe humiliates our government"

Banks and exchange remain closed on Monday

>

ECB wants emergency loans for Greek banks stop

ECB convenes emergency meeting

Euro Group convenes without Varoufakis

Euro Group CEO: "This was the last chance to reach an agreement"

Euro Group extension of grants

Dijsselbloem: Decision to Greece to Saturday fall

Merkel: special meeting on Saturday "decisive ...

IMF insists on June 30 as a payment deadline for Greece

Schäuble: Greeks have "rather moved backwards"

Lace Round investigated prior agreement in Greece dispute

agreement on this matter was postponed again - also the night summit with Tsipras ...

Schäuble did not believe in an agreement on Wednesday night

Crisis meeting: donors agree to Greece from

"Death knell for Greece" - Syriza politicians go the distance ...

EU confirms emergency meeting on Greece on Wednesday

ECB again increased emergency loan Framework for Greece

"Death knell for Greece" - Syriza politicians go the distance ...

Schäuble to debt crisis: "No new proposals from Athens"

Junker expects no quick declares Athens proposals good basis for Summit

Varoufakis: Agreement

Junckers Chef de Cabinet : Under these conditions, Greece has to ...

US government calls Greece and donors to reach agreement on

Lagarde foppt Varoufakis: "criminals in person"

Greek Committee: "The debts are illegal"

Grexit threatens: Greeks are between agreement and bankruptcy

Varoufakis appears pessimistic before Euro Group meeting

Greek central bank warns of Grexit

Faymann sees Athens as Visite href="http://www.focus.de/finanzen/news/staatsverschuldung/griechenland-krise-iwf-will-sich-nicht-an-drittem-hilfspaket-fuer-griechenland-beteiligen_id_4850706.html?fbc=googleplus-shares"

Thursday, July 30, 2015

Unemployment in Germany rose in July to 2.773 billion – Tiroler Tageszeitung Online

Nuremberg (APA / dpa-AFX) – The number of unemployed in Germany rose to 2.773 million in July to 61,000. These are still 99,000 fewer unemployed than a year ago, as the Federal Employment Agency announced in Nuremberg on Thursday. The unemployment rate rose by 0.1 points to 6.3 percent to

The head of the Federal Labour Agency, Frank-Jürgen Weise, said. “With the onset of summer break, the number of unemployed people has increased in July , Overall, the labor market is but well there. “The main reason for the increase was the temporary” search unemployment “of young people who finish their company or school-based training during the summer months and therefore currently looking for a job.

After seasonal adjustment increased the number of unemployed in Germany in July by 9,000 to 2.799 million. Economists had expected a decline of 5,000, however. In West Germany submitted the adjusted for seasonal influences number of unemployed by 4,000, while it grew by 5,000 in eastern Germany.

German Bank – “The status quo is not an option” – Frankfurter Rundschau

July 30, 2015

In October wants the head of Deutsche Bank, John Cryan, submit details of the new strategy. Until then, there’s a lot to think about. Photo: RTR

The new co-head of Deutsche Bank, John Cryan, starts with good quarterly figures. Income lay vigorously. However, the interim report also highlights the major problems of the institute and the new boss his staff on a radical restructuring before.

# bigimage [0]

The numbers are good, but the new boss is not happy. John Cryan, since July 1, co-head of Deutsche Bank, took the tripled net profit on Thursday not for praise, but chose harsh words: Earnings lie “because not nearly where we should be,” the costs are “simply unacceptable “he wrote in an email to the 98 000 employees and rebuked the” wasteful use of our hard-earned income “. This means:. On the German bank employee hard times come to

# textLine

At first glance, the bank put a track record before: In the second quarter pre-tax profit rose to 818 million euros after 238 million a year earlier. Pre-tax profit rose by a third to 1.2 billion euros, the consolidated revenues increased thanks to growth in all business areas by 17 percent to 9.2 billion to.

But all that is not enough for the 54-year British Cryan. Already on his first day he had sent a clear message to employees: The Bank need a Schrumpfkur, the costs are to be reduced. Significant cuts had Cryan announced in investment banking – in the area so that its predecessor Anshu Jain had passed until 2012. This business is less profitable because of the prescribed capital buffers. “This luxury we can no longer afford”, was the new boss, who had been the Swiss UBS rebuilt between 2008 and 2011. As CFO

.

investors react positively

Cryans goal is a fundamental “change of culture” in Germany’s biggest money home. The bank is too inefficient work processes too cumbersome, the business model too complex, and all this leads to a “rate of return that is much too low for our investors,” he complained. While the return on equity after tax was 5.7 percent in the second quarter significantly higher than a year earlier, when they had reached only 2.1 percent. But foreign competition is much more profitable than the Frankfurter.

While the German banking accounted for rising yields. So she took a April-June 2015, bond trading 16 percent higher, while equity trading, the increase was even 39 percent. However, the costs increase with, among others, because of the many lawsuits that cost the institution in the second quarter EUR 1.2 billion. This involves, among other things to manipulation of interest rates and foreign exchange to the suspicion of money laundering and to dubious dealings with mortgage. Currently, the bank for legal legacy has traveled 3.8 billion euros. Other potential legal risks they put at 3.2 billion euros. “Our reputation has been damaged, the severe penalties thin our capital reserves, and it will continue to do,” said Cryan.

Now he wants to turn things around. He has inherited from his predecessors preparatory work for a “Strategy 2020″, which should reduce the cost by 15 percent and investment banking by 17 percent. Details are expected to be presented in October. But it is already clear: Thousands of jobs will be eliminated. “Changes can be stressful,” Cryan said on Thursday, “but maintain the status quo is not an option.” In addition to the job cuts, the bank plans to withdraw from different countries. In addition, the Postbank are sold and the retail business will be cut back.

The restructuring of the Group is indeed also swallow a lot of money. Investors reacted positively on Thursday but on the clear words of the bankers: The German bank shares rose until late afternoon by more than three percent to

.

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