Race for Libya's oil - Italy wants to be ahead

Before the overthrow Gaddafi was the semi-official Italian Eni Group, the largest oil producer in Libya. Eni also wants to be back. But the competition is great - next to the old allies and new teammates Italy vie for the favor of the new Libyan government.

Praybeyt Benjamin

Tilmann Klein of young, ARD Radio Studio Rome

The Libyan oil wells gush again, and Italy plans to build on old times. Since 1959, the Italian energy group Eni is active in Libya, Eni was the largest foreign oil producer in the land of Gaddafi. This position Eni CEO Paolo Scaroni wants in the post-Qadhafi era to take over again. "As far as oil production, I am really confident that will continue our leading position," said Scaroni. "First, because our contracts are protected by international rulings, secondly, because we know better than any other country and the raw materials. No government can survive without our expertise."

Only 31 900 instead of 280,000 barrels per day

Before the war against Gaddafi, the Italian energy company Eni, which is known in Germany, particularly by the Agip petrol station brand, promoted 280,000 barrels oil per day. Now one must first clearly satisfied with less. In collaboration with the Libyan state oil company Eni wants to promote about 31 900 barrels of crude oil per day - in systems that lie approximately 300 kilometers south of Benghazi.

At least equally important for the utility's gas production. Italy's natural gas pipeline with Libya over the "Green Stream" connected. This was closed in February with the start of the war of Eni. Scaroni Eni CEO pushes for an early opening. They may be only a few weeks, he said in late August. "I'm in a hurry, the gas imported from Libya to resume, because this gas pipeline is a fundamental building block for the energy supply of our country. And as the winter approaches, it is important to me that the Libyan gas deliveries will be resumed as soon as possible" , the Eni's CEO.

"No longer the exclusive hunting grounds"

The race for energy resources has begun Libya and Italy's Eni - yet at least 30 percent owned by the state - has set an example. The competition is tough: The French company Total and the German Wintershall Libya want in the new build on old business contacts. According to the journalists and Libya expert Alberto Negri, the cards are now shuffled: "The world has changed, there are no exclusive hunting areas more, for no one, the Western countries will have a strong competition, both from the countries of the region.. and from outside. "

Also, Qatar, China and Russia are vying for the favor

The Gulf emirate of Qatar, for example, that NATO and the rebels in the expulsion of Qaddafi's military support will be rewarded. But China and Russia, who opposed the bombing vying for the favor of the new government. The oldest by far relations with Libya may refer Italy. The two countries share a centuries-old history. Italy was the colonial power and later, Gaddafi's most important ally in Europe.

For a long time, Silvio Berlusconi received the Libyan authorities in Rome with great pomp and honor. Thus he has thoroughly discredited, the historian Gian Paolo Novati says of the University of Pavia. "Now it's up to Libya, if the current relations with Italy are maintained. But many representatives of the transitional government were indeed part of the Gaddafi establishment, they will have no major qualms about accepting the Italy of Berlusconi."

Savings reject Google's system "Wallet" from

Savings to pay mobile phone customers, it will take even longer. A deal with Google to close the public banks in the past. In the train, however, it looks different.

The German savings banks do not want to initially work with "wallet", the mobile phone payment system of the Internet giant Google. A deal with Google to come for the savings banks in question only when German demands would be met to protect data, said Wolfgang Adamiok from the savings banks association DSGV FOCUS. "We do not currently see," said the Head of Payments by DSGV. They therefore prefer to sit on the NFC chip in the card for the savings bank's own security could be guaranteed. "The same applies also to establish direct cooperation with the German mobile wireless operators," said Adamiok. The payment authority and the associated data security should always lie with the banks.

German mobile phone companies have not succeeded in bringing a separate system on the market. The participating German Telekom admitted to FOCUS request for a joint project of three mobile operators with the name "mpass" there is still no start date. After all, the FOCUS research before coming negotiations with German banks on hold because the banks would have to pay the money for mobile operators, payment functions would if the mobile phone. Such a charge lean individual banks and savings banks but from the past.

At the Munich-based manufacturer of banknotes and mobile phone SIM cards, Giesecke and Devrient (G & D), one is convinced, however, that the initial difficulties will be of contactless payment by mobile phone (NFC) will soon be overcome. "I expect that there will be worldwide in 2015 at least 200 million mobile phones with NFC technology," said the CEO of G & D Mobile Security, Michael Kuemmerle, to FOCUS.
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Paying with a smooth start to the mobile promises the German track for the autumn. "From 1 November, all customers who own a smartphone with NFC chip, in Germany the opportunity to ride in the mobile and long distance train, "said a railway spokesman FOCUS. So far, the only functioning in some regional networks. The customer must sign up in the future when boarding a reader on the platform, a "touch point", and log off when exiting again. The statement is proven by using the radio chip. Currently, the paperless ticket train only works for certain telecom and Vodafone customers.
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UBS chief resigns Grübel

UBS CEO Oswald Grübel draw the appropriate conclusions from the gamblers at the Swiss bank scandal and resigned. The Board had accepted his resignation, said UBS. Grübel the provisional successor for Europe and the Middle East is responsible board member Sergio Ermotti. UBS Board Kaspar Villiger was quoted as stating, brooding look at it "as his duty to take on the recent incident in connection with the unauthorized trading of the responsibility."

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UBS boss is brooding as a consequence of the speculation scandal resigned.
The decision was made at a meeting of the Board and management of the bank in Singapore. The originally scheduled for three days meeting was convened in Singapore routinely before the scandal became known speculation about a London dealer. The 31-year-old is said to have caused through unauthorized transactions of the bank a loss of $ 2.3 billion (1.7 billion €)

UBS plans only minor realignment

UBS will continue to pursue the business model of an integrated database with the fields of wealth management, investment banking and global asset management and Swiss retail and commercial banking. The investment bank will also be more focused on customer demand. The division will focus advisory and capital markets business as well as commercial and special solutions for clients.

The train, with problems, arrived in Uruguay

SALTO, Uruguay .- The improvisation in the implementation of the train was partly offset by the joy of seeing people woke up in railway stations to stop and uninhabited, whose image, for years, it was just a memory.

Twenty minutes later than planned, the first train service Free Peoples was launched in the renovated station Pilar, in front of TV cameras and a group of locals.

Maria Aragon

The expectation was great: the last convoy to cross the border with Uruguay had done in the mid 80's, with a distance between Concordia and Salto which worked only three years. Now the bet was stronger walk 813 miles from the station north of Buenos Aires to Paso de los Toros, a city of 18,000 inhabitants in the department of Tacuarembó, in the heart of Uruguay.

It was a maiden voyage with comings and goings, whose arrival at Paso de los Toros felt frustrated during most of the day by bureaucratic problems in Uruguay. As reported in Buenos Aires Trains (TBA), a company that took over the provision of services, lack of a decree signed by the president of Uruguay, Jose Mujica, to provide international passenger service in that country.

A process whose delay was not anticipated and not cause major inconvenience to passengers, simply because of the five who traveled, two-Patricia and Sabrina Reed-Villaguay be dropped, Entre Rios, where they were to visit relatives.

The other three were willing to go where the train carried Fabian Vergara, a Colombian who for nearly a year traveling around South America and only needed to visit Uruguay, Julio Opazo, a Chilean rail fan who lives in Argentina, and Luis Camera , who that morning had joined the trip (see separate).

The route would then end in Salto, just after crossing the border by the Salto Grande dam. But just after 19, after Concordia, it was learned that the administrative problem had been solved. The train continued to Paso de los Toros. Applause from the passengers and relief for those who had made a commitment.

The reopening of this route had been announced with drums, cymbals and including rail travel from Concord to jump on 29 August by President Cristina Kirchner and Uruguayan President.

The diesel train, brought from Holland, but made in Germany, consists of a pair, ie two cars with a capacity of 140 passengers. Only this time using two pairs.

While it was initially speculated that the service would have reclining seats, air conditioning, digital TV and bar on the trip yesterday, this time did not have these amenities. According TBA spokesman, Gustavo Gago, the company had anticipated in their website that these services will be offered only in November. That's exactly why the rate of 140 pesos which cost the trip from one end to today's promotion. "I do not think it will exceed 200 pesos," he said Gago, who was also part of this first voyage with passengers along with the nation.

Since yesterday, and during this month, the service will come on Friday. In October, expect a frequency of three times per week, on Mondays, Wednesdays and Fridays, while in December the idea is to already have a service Monday to Saturday.

"This is the beginning, is something new. There are many things to improve, as the journey or the issue of customs and immigration. But we prefer to put in place quickly because the train makes it move it move the administrative" TBA spokesman said.

The route passes through the intersection at the height of the various arms of Paraná, extensive fields, citrus groves and forests to reach Concordia. Natural scenes that contrast with the entry to the outskirts of Concord, where the train guards who took pictures warned to beware of piedrazos.

The other contrast in the same city was hosting the convoy of a crowd holding signs with the image of the President and Governor Uribarri. Otherwise the rest of the journey, where every season the villagers came to express their joy at the back of the train. An image that is repeated once the train reached the city of Salto. At press time there was speculation that the convoy came to Paso de los Toros at 5 today. A first trip that lasted more than 20 hours.

Germany: Dax goes roller coaster

Again today, investors need strong nerves, for the Dax put on a strong ascent and descent. The day shows how nervous investors are on.

Statements by Federal Reserve Chairman Jens Weidmann and Finance Minister Wolfgang Schäuble at the edge of the IMF annual meeting in Washington have supported the stock market in the afternoon. The Dax, who was still at lunch slipped below the 5,000 points, recovered significantly after that and ended trading after a strong ascent and descent with a daily gain of 0.63 percent at 5196 points. In the late business then moved slightly. The L / E-Dax closed at 5199 points. Weidmann had stressed that he believed a renewed recession was unlikely. "The situation is currently much better than the atmosphere," said Federal Reserve Chairman. In addition, the Federal Reserve chairman deems the capital adequacy of banks as significantly better than in 2008.

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Prior to the recent price slide was triggered by a communication from the French bank supervision. It requires 15-20 European banks strengthen their capital base. There were also reports that U.S. money market funds in August have drawn heavily from European funds, in particular, French banks.

But the continuing bad news about Greece provided for a bad mood. Thus, the rating agency Moody's credit ratings of eight Greek banks had more graded and provided with a "negative" outlook. At the same time there was speculation about internal testimony of the Greek Finance Minister Evangelos Venizelos, who is said to have first talked about an orderly restructuring of Greece with an average debt of 50 percent.

The Greek government denied these reports. At the same time closes the Dutch central bank chief Klaas Knot a bust of Greece no longer sufficient.

The euro, meanwhile, knows not what he wants. He currently commutes to the mark of 1.35 dollars. Since Wednesday evening with the common currency has lost about four cents an unusually strong. Currency analysts expect that the pressure is maintained on the European single currency due to the debt crisis for now. The gold price is, however, remained under pressure, which experts attributed to the recent dollar strength. The price of an ounce dropped to 1,665 dollars, its lowest price since August.

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In the morning, had a communique of the government of the 20 largest economies (G20) calmed the markets at first. The G20 has committed itself to ensure the stability of the banking system and financial markets. The central banks are willing to provide financial institutions with the necessary liquidity. In the course of the day commented on the IMF meeting many representatives from the financial policy, including members of the Governing Council.

"There is no law that allows such a thing"
Euro Bonds, cut debt, orderly bankruptcy - in connection with Greece's debt crisis circulating a plethora of terms. Meanwhile, a Greek national bankruptcy is no longer excluded. Even the Greek Finance Minister Evangelos Venizelos, attracts now apparently considered a cut debts. But the fact is: So far, each frame is missing for not only legally. tagesschau.de summarizes the problems and presents solutions.

Oliver Field Forth, HR

There is a specter in Europe - it is the state of insolvency. Meanwhile, the Berlin coalition quarrels over whether Greece should not simply be allowed to fail. But nobody, not even on the government benches, really seems to know how that would work and what would be the concrete consequences of an insolvency of Greece.

The lack of rules


Görg administrator sees significant legal problems for bankruptcy in Greece.
Germany's most famous Klaus Hubert Görg Karstadt has saved a child with bankruptcy, at least for now. He sums it up perfectly: "A Bankruptcy is a government enforcement," he tells the magazine ARD Plus Minus, "and there is no parent under State law, thus allowing something."

To create this lack of rules, the EU treaties should be changed. But that would be boring indeed thicker boards. Angela Merkel has stressed time and again, it would need to at least two years. This period is realistic, says Christoph Schalast, Professor of Business and European Law at the Frankfurt School of Finance and Management. Much faster a total bankruptcy plan was to have. This is an international agreement between Greece and the other euro countries. This could be a debt restructuring agree that is a partial waiver of the creditors. But, Schalast, it was necessary also to restructure the country, probably through a trust fund with a thirty year period. There also would require no withdrawal of the stricken country from the euro zone. It would be possible, but would have to be voluntary, says the lawyer.

Insolvency plan without contract modification possible


Also, the ECB could take on tasks as part of a bankruptcy plan.
How such a bankruptcy plan could be designed precisely, about the European "think tank" has been thinking Bruegel. In order to cope with a state of insolvency, which economists call from Brussels three instances: First, a judicial body - it would open the insolvency proceedings. This would be the European Court of Justice in question. In addition, an economic authority was required. You should carry out the bankruptcy, so the understanding reached between debtors and creditors. The European Commission could, ECB, but also reach private consultants. Finally, a financial authority was needed that would ensure in the transition period, the liquidity of Greece. That could lift the newly created European Stability Mechanism (ESM).

For all this, one of Greece exiting from the euro bond would not be necessary - to remain there for good reasons. The Greeks would get their drachma, but again they were internationally competitive. However, they were then finally overwhelmed with their remaining debt to be paid in euros.

New monetary policy rather than insolvency discussion?

Banking expert Professor Michael Grote looks but also still a chance to get out without €-exit and insolvency of Greece from the crisis. The debt would not be all that overwhelming problem, if Greece could participate in the really low interest rates in the euro area, so Grote. They could add a long-term construction and renovation plan to bring the Greeks back into the lane.

Das Supertalent 2011: Dieter Bohlen has its grip on girls

Chief Judge Dieter Bohlen has in "Das Supertalent 2011" two beautiful women at his side - Sylvie van der Vaart and newcomer Motsi Mabuse. Even if the three judges are sometimes disagree - Dieter Bohlen has his girls well under control.

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Motsi Mabuse and Sylvie van der Vaart, the glamorous women in "The Super Talent 2011". This new addition has Motsi their ordeal in the first two Castingshows survived very well and complements the jury by Dieter Bohlen perfect. With chief judge Dieter Bohlen on the side but can not go wrong. He is the rock in the surf at the jury panel, even if it is an emotional time - as with the appearance of artist Daniel Wurtzel. He was dancing his cloths on the super-talented stage and did so Motsi Mabuse so that she could speak no word. Similarly, it was Sylvie van der Vaart after the appearance of the five-year-old Ricky Kam, she remembered so much about her own son. Each time was Dieter Bohlen his girls to the side. Because they obey him happy times at his word, when an act requires active support again, as a trainer Nicole with her coati Sunny. While Dieter was able to enjoy the show from the jury panel, the ladies showed the jury on the full deployment stage.

Dieter Bohlen letting "the devil" out
The first use of the new jury was crowned with success at the weekend. More than 15 million viewers watched "The Super Talent 2011" on television. It Dieter Bohlen has with this mega-success did not initially expect: "We were incredibly nice and have no bad word is lost." But that will change as early as the next super-talent show. As Dieter wants to hang out again let his "little devil".

Appeals, philosophy, and a surprising praise

The pope has held its much-anticipated speech in the Bundestag. At the outset, he stressed. "The invitation to this question applies to me as Pope, as Bishop of Rome so you recognize the role that the Holy See plays as a partner within the community of nations and states." Previously it was long argued over whether the Pope as head of state or church leader speaks in the Bundestag. In the latter case, critics saw the separation of church and state violation.

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In his sometimes quite philosophical 20-minute speech, Benedict XVI. the responsibility of every politician for justice and peace. "His last scale, and not the reason for his success as a politician and certainly not material gain," he told the MPs. The policy must always be "his efforts to bring about justice and thus create the prerequisite for peace" that. The success is the scale of justice and the will to subordinate legislation.

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Man can destroy the world

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In the following tribute to Benedict XVI. The environmental movement and warned of a science without ethics, "A positivist concept of nature that nature is understood purely functional, like science, they recognize, can not establish a bridge to ethics and law."

He was not right on the bioethical debates about stem cell research and preimplantation genetic diagnosis, but stressed: "... Man can destroy the world he can manipulate himself he can make people speak and exclude people from being human" Politicians and scientists are therefore particularly challenged to consider their decisions morally.

Ströbele leaves Plenary

Especially when the deputies of the Left Party were many empty seats. In the ranks of the SPD and Greens were busy but relatively close. The Greens MP Hans-Christian Ströbele left after the first few sentences of Pope Benedict XVI. the Chamber. Of the CDU and FDP were present with the exception of some faction members who were absent excused all members.

Prior to the MPs the pope had received with much applause. Bundestag President Lammert brought in a speech to the German desire for greater ecumenical expression. "Many feel the schism as a nuisance." There are "honest reasonable doubt" whether the differences between the confessions justify maintaining the separation between the churches, said Lammert.

In the early evening, a Holy Mass began at Berlin's Olympic Stadium. About 70,000 faithful cheered Pope Benedict XVI. the prelude to. From his popemobile from the pontiff waved to the enthusiastic visitors. Even President Christian Wulff, Chancellor Angela Merkel (CDU), Vice Chancellor Philipp Rösler (FDP) and many cabinet members came to the pope-worship. The fair will be transmitted live worldwide.

Third visit to Germany

Benedict XVI was in the morning. arrived for his third visit to Germany. His plane landed the Italian airline Alitalia at 10:16 clock - and therefore a quarter of an hour earlier than planned - at the airport Berlin-Tegel. There he was greeted by Chancellor Angela Merkel and President Christian Wulff.

Who welcomed his guest and then to Schloss Bellevue. After playing the national anthem and a military guard greeted by the battalion of the Bundeswehr, the President directed more than 1,000 invited guests in the park, the words of the Pope. "Welcome home, Holy Father."

Wulff stressed that church is not a parallel society, live in the midst of society. Imagine therefore also always the question: "How is it compassionate to the quarries in the life stories of people with how the fractures in their own history and the misconduct of public officials?" He was referring to the abuse scandal divorced in the Catholic Church and to the situation of married again, which concerns him personally.

Pope laments apathy towards religion

Benedict XVI. raised in his first address out to the religious character of the journey: he is "not primarily come here, as do other statesmen to follow certain political or economic goals, but to address the people and talk to them about God ".

The head of the Catholic Church complained about a growing indifference towards religion. "But we need for our life together a mandatory basis, otherwise everyone lives only his individualism," he warned. "As the religion of freedom requires such treatment, the freedom of religion," he quoted the social reformer Wilhelm von Ketteler, adding that freedom need to link back to a higher authority: "The fact that there are values ​​that are manipulated by anything or anyone , is the true guarantee of our freedom. "

Meeting with Merkel

After the reception at Schloss Bellevue, the Pope came together to exchange views with Chancellor Merkel. At the headquarters of the German Bishops' Conference in Berlin, she spoke about Europe and the international crisis in financial markets. The Chancellor stressed then, they've made it very clear that European integration was essential for the Germans. It meant prosperity, democracy and freedom.

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I'm happy to Germany

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During his four-day visit under the slogan "Where God is, there is the future," the pontiff has to follow a tight schedule. Approximately 30 program points, 17 speeches and five major religious services in three bishoprics on the program.

"I'm happy to Germany," the Pope said on the flight to Berlin for traveling journalists. "I was born in Germany, the root can not and should not be cut off." The announced protests against his visit, he looks relaxed: "That's normal in a free society." By contrast there is nothing to say, as long as it remained peaceful.

First of silent protest, meanwhile, formed at the Brandenburg Gate: Nearly 100 former children in care and abuse victims demonstrated against the Pope's visit. A giant figure made of nuns wore cardboard in one hand a cross, the other a stick. In the figure was "never again". The demonstrators were shown in black T-shirts.

Budget Committee approves euro rescue

The planned enlargement of the euro rescue package has taken the first parliamentary hurdle. The Budget Committee voted largely for the bill and proposed by the coalition parties say the Parliament's powers in granting aid to countries in crisis. According to participants displayed beside the CDU and FDP, the SPD and Green Party MPs voted for the plans. The Left Party rejected the draft from it. By the vote of the Budget Committee, clearing the way for the crucial vote in the Bundestag on 29 September.

The governments of the euro-zone countries had agreed in July to increase guarantees for loans of euro bailout (EFSF) from 440 to 780 billion euros. Germany should therefore vouch for up to 211 billion euros - in the extreme case, the limit would be even at 253 billion euros. Moreover, is intended to give the euro rescue more action. He is highly indebted countries also allow precautionary loans and provide loans to support banks allowed. It is also envisaged that the EFSF may also buy up government bonds in order to reassure the financial markets. Whether the black-yellow coalition in parliament with a majority of the new powers of the rescue and gets the additional German guarantees existence, is considered unsafe.

Consent to the involvement of parliament

As a major problem in the eyes of many Members considered the impending erosion of the budget law, the Bundestag. Because basically, the Basic Law, according to MPs approve all federal spending and also the provision of guarantees agree. Until now it had the euro rescue package but suffice that sought the federal government before the release of assistance to individual agreement with the Budget Committee.

In the extended euro rescue members of parliament now in the draw with the Budget Committee approved the decision rights to participation process itself. Obtain in the proposed new regulation, the German representative in the decision-making body of the bailout, the consent of the Bundestag or a new special committee, until he agrees to aid for crisis-hit countries. In urgent cases, the special committee should decide on the attitude of Parliament. It aims to include at least one member of each faction. The nine members of the panel should come from the ranks of the Budget Committee and elected by the plenary. The Bundestag will always be in total charge of the decisions when it comes to the granting of the aid request from a euro area country or the change of EFSF framework contract.

S & P downgrades credit rating lowered Italy

Low blow for Italy in the middle of the debt crisis: The credit rating agency Standard & Poor's has downgraded the creditworthiness of the country continues. Italy will in the long-term credit rating from then evaluated with a grade of "A" instead of "A +", said Standard & Poor's. In the short-term credit rating agency placed the rating of "A-1 +" to "A-1" down. In addition, it could go downhill: The outlook is "negative" reasons S & P.

"The downgrade reflects our opinion contrary to the deteriorating growth outlook for Italy's economy," the agency explained its step. The recently adopted reforms were not sufficient to counteract. The government certified S & P is a lack of action. "We believe that the reduced pace of economic activity in Italy, the revised financial targets, the government makes it difficult to reach," the experts noted.

Italy threaten to higher costs for loans


Bad news for Italy: S & P rated the country down.
Because of the downgrading Italy now face higher interest rates in accepting new loans. Because the worse the credit, the greater seems the risk that the creditor does not recover his money. This risk can be the lenders pay higher interest rates.

On Friday, the rating agency Moody's has threatened to downgrade Italy despite the recent austerity adopted. Moody's rated Italy in its own rating system, "Aa2" - and noticeably better than S & P. This falls within the next month the decision.


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Billions in austerity adopted

Italy to Greece has the second highest debt in the euro zone. To counteract this, the country had recently adopted after much back and forth, a 54-billion-euro austerity package. The third-largest economy in the euro zone is groaning under a mountain of debt of 1.9 trillion euros. Italy leads with 120 percent of its economic performance during the Cretaceous.

Asian markets reacted to the scare investors. The euro fell by about half a U.S. cent to 1.36 dollars. The Tokyo stock market fell in early trading by 1.4 percent.

Pirates set sail to the House of Representatives

One and a half weeks before the election in Berlin, the Pirate Party has a good chance to move into the Berlin House of Representatives. In the current ARD code survey by Infratest dimap on behalf of the issues of the day gave 6.5 percent of respondents want to vote for the party. So that the pirates would succeed the first jump in a state parliament.

Continued from Red-Red is not possible

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Remains the largest party, according to the poll, the SPD code. The Social Democrats reached 29.5 percent of the votes and thus would have suffered in comparison to the 2006 election only a slight loss of 1.3 percentage points. A continuation of the red-red coalition would not be possible. The Left Party would, according to survey only 11 percent, 2.4 percentage points less than in 2006.

Can grow significantly, according to survey the countryside. Therefore they reach 20 percent. This represents an increase of 6.9 percentage points. Long they were in opinion polls ahead of the CDU. This is no longer the case. The Christian Democrats are in the current survey to 22 percent and thus would also be a potential coalition partner for the SPD.

The FDP is however again before a debacle. The Liberals ended up in the ARD code survey, only three percent. So that they would no longer be represented in the Berlin House of Representatives.

Ruling by the Federal Constitutional Court: euro rescue lawfully

Federal Constitutional Court rejects claims of Euro-skeptic

The Federal Constitutional Court has approved the aid Greece and EU rescue package. At the same time, however, the highest German court strengthened the participation rights of the Bundestag: Future grants are coupled with a requirement that the budget committee must approve every step.

There should be no automatism for payments, cancel out the rights of the deputies, the court ruled in Karlsruhe. The aid packages should be clearly defined and give parliamentarians the opportunity to control and to get out. The three constitutional complaints were thus largely unsuccessful.

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In the last year decided to see the rescue chief judge meets all necessary criteria. The Financial Stability Act are the scope and purpose of support and a manageable time period is specified. Condition was a consensual approval of the EU countries. So keep the federal government's sovereign decision-making power.

Improvements, however, the court calls for the involvement of Parliament in the rescue effort. It is not sufficient that the federal government decide the framework and then at the implementation stage only inform the Budget Committee. Rather, future assistance should be granted only if the committee had previously approved.

Swiss franc is tied to €

The Swiss National Bank (SNB) couples the Swiss franc to the euro. She put it sets a minimum price: implies that a future cost at least € 1.20 francs. A lower rate will no longer be tolerated from now. "The National Bank is the minimum price set by the full consequences and is willing to buy unlimited foreign currency", said the SNB. Target "a significant and lasting weakening of the franc" is.

Euro becomes more expensive by leaps and bounds


After the decision, the SNB € more expensive compared to the Swiss franc.
The euro rose in price by leaps and bounds after the announcement by the Swiss National Bank. Temporarily it cost more than 1.21 francs and then moved to 1.20 francs. Before the announcement of the SNB on the currency markets only 1.1250 francs per euro had been paid.

Behind this decision is the strength of the franc against the euro. Especially in connection with the debt crisis in countries of the euro area, the Swiss currency had gained in recent months, much of their value. The more expensive exports many of Swiss companies, the economy weakens and increases the risk of rising unemployment. According to a study by the Federation of the Swiss economy is 20 percent of export companies are afraid because of the soaring francs for their existence.

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Strong franc threatens Swiss economy

"The current massive overvaluation of the Swiss franc is an acute threat to the Swiss economy" and entails the "risk of deflation," said the National Bank. If necessary, the SNB would take further action. The National Bank made it clear that she holds the Franks also evaluated at a rate of 1.20 against the euro for high and relies on a significant weakening of the country's own currency.


The Swiss National Bank wants to help with the decision of the state's economy.
The Swiss franc is valued for its stability as a plant and laid since the beginning of a nine percent against the euro and 14 percent against the dollar. The debt crisis in the euro zone and in the United States had driven the investors in droves to the perceived safe investments such as the Swiss currency, the Japanese yen and gold. The SNB had to fight against the strong Swiss franc in early August lowered its key interest rate a surprise to virtually zero.

No coordination with the European Central Bank

For the step for the establishment of an exchange rate target between the franc and euro, the SNB decided to appear on their own. The European Central Bank (ECB) announced that it was withdrawing the decision by the SNB noted. The Swiss central bank had taken this step in their "own responsibility".

General strike in Italy - Protest in Spain

In Italy, the largest union CGIL today for an eight-hour strike was called. The protest is directed against budget cuts in the amount of 45.5 billion euros, with which the government of Prime Minister Silvio Berlusconi wants to meet the debt crisis of the country. Are also criticized a proposed loosening of worker protection and the withdrawal of a planned super tax for high earners.

From early morning are all over Italy planned rallies and demonstrations. It is expected chaos on the bus, rail and air traffic as well as throughout the public service. At the airports, ground staff on strike. Lufthansa has for the period in question already canceled all flights to and from Italy. Where it is possible, it is a larger aircraft to fly at least after 18 clock in the evening as many passengers can, according to a spokeswoman for Lufthansa, the ARD radio studio in Rome. The Italian airline Alitalia said, because of a planned strike by air traffic, they must reduce the number of its domestic flights.

The ferries that connect the Italian islands with the mainland, remain in port. Traffic chaos is also expected before the toll booths on highways, and public transport. In Rome, for example, the metro is closed for nine clock, buses stopped on their final stops.



Napolitano: Vertrauen der Märkte zurückgewinnen

Italian President Giorgio Napolitano called on the government, meanwhile, to act speedily in order to regain the confidence of financial markets. The rise in risk premiums on comparable bonds of Italian government bonds is an alarming signal that no one should underestimate that, Napolitano warned. The reaction of the markets shows that the recovery of trust is difficult. But this was inevitable and must be fast, warned the head of state. The parties represented in parliament, he called on consumers not to block the savings decisions.

Prime Minister Berlusconi had some of the reforms promised by severe market turbulence, a few days ago and again conceded that even with the federal government and the European Central Bank raised criticism that had sustained the country with bond purchases.

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Strike in Spain

Also in Spain, called on unions to nationwide protests against measures to tackle the debt crisis. The resentment is directed primarily against the debt brake, which is now to be written into the Constitution. The main rally will be held on the evening in Madrid. But in many other cities will be demonstrating against the constitutional reform, which will be adopted on Wednesday by the upper house of Parliament. The major union confederations, UGT and CCOO keep the debt brake, unjustified and unnecessary. They demand a popular vote.

Zapatero warned against economic abyss?

Zapatero said to have spoken against trade unionists facing a "very poor condition" of the economy.
Nevertheless, said CCOO Secretary General, Ignacio Fernandez Toxo, on Spanish television that it had been recently appointed to the country's economy is so bad that nearly one-euro rescue of the country would have been necessary. Prime Minister José Luis Rodríguez Zapatero said during a meeting with trade unionists in mid-August that the economy is in a "very bad state". Zapatero has thereby expressed the view that the economy is "on the brink of salvation" are as toxoplasmosis.

The meeting was held accordingly on 17 August. Six days later the government announced the inclusion of a debt brake in the Spanish Constitution. The constitutional amendment voted to become the House, the Senate's vote is planned for Wednesday. The inclusion of the debt brake was recommended by Germany and France and was then welcomed. Zapatero's office would not comment on the reports on the remarks of the Prime Minister at the union meeting.

Pietro Lombardi and Sarah Angel on tour

"From Heart To Beat Jackpot" Tour 2011

American Idol winner Pietro Lombardi and his heart Lady Sarah Engels go to great "From Heart To Beat Jackpot 'tour of Germany! From November, the American Idol Dream Team will be on stage together. Are the tickets for the concerts are on sale now!

At least since the American Idol finale emotional well spell the cutest pair of German music industry almost daily their fans.
Both musical debuts are thinking of the top courses in the German charts barely gone, at their live performances they provide Screaming and fainting. From now on, the fans have yet one more reason to rejoice: On 26 Starting November, the two artists in their tour of Germany Oberhausen and are already looking forward to huge!

Nasaan Ka Elisa? | Cast, trailer, Download & Theme Song

On gasoline from the current program with autumn tour

OTTO - the name says it all: Ostfriesische Spirited Total Onverwüstlich.
What can be said about the man or say something new? He is seven feet tall, weighs more than a jumbo, but makes less noise, passionately collects antique gum and likes to wear flowery suits. This is new, but has the disadvantage that it does not.


Between Otto and the two-meter mark will still fit a thick head of cabbage, it weighs less than a jumbo, but makes more noise and possibly collects old guitar strings and continues to carry grayish baggy stuff.


That will change by next spring too little, "Otto Live" continues on tour. The estimation of some critics, Otto would be the best stand-up comedian of his generation, is of course nonsense Barer. The truth is, however, that it far and wide no one who can reach him on stage, the water - if only because he alone must occur as usual.

Others accuse Otto, that he had turned his talents to her too little - which may also rest assured: He works on it. And it goes with him as a good red wine: the older he gets, the sooner you should open it or in order to secure tickets.

German Entertainment: Sarah Connor,

X Factor juror Sarah Connor has her third baby into the world

Great news from Sarah Connor: The third baby of the X Factor juror has arrived! According to her fiancé Florian Fischer on Sunday, they brought a healthy daughter, says "online image."

VOX congratulates Sarah Connor and Florian Fischer welcome the birth of her daughter!

And X Factor presenter Jochen Schropp wish the new parents happiness "! Sarah Florian And of course All the best for the birth of your girl I'm looking very, very badly and 'nen Knutsch fat for you!"

Even before the X Factor auditions had pop queen Sarah Connor promised "x times more gut feeling" - and kept their promise not unusual plays of the "fourth judge" plays a decisive role when it comes to the candidates to qualify for the Super Boot Camp .

Ikaw ang Pag-Ibig

"X Factor" Sarah Connor juror was born on June 13, 1980 in Delmenhorst. She has seven siblings. Early on it was clear to her: The music is my life.

Already with 16 years Sarah Connor sang in the school musical "Line 1" and took singing lessons. She first gained regional fame as Sarah Gray, with the last name goes back to her grandfather. 1997 Michael Jackson was her idol during his History Tour twice in Bremen. At the first concert she sang in the children's chorus to the songs "Earth Song" and "Heal the World".

In Germany it was in 2001, known under the stage name of Sarah Connor. It was the year of meteoric ascent in the pop scene. Sarah Connor made the breakthrough with the album "Green Eyed Soul". The two singles from "Let's Get Back To Bed Boy" and "From Sarah with Love" went gold and platinum awards - how many of their other hits.

"X Factor" Sarah Connor juror stormed the charts worldwide
Together with her friend and idol Wyclef Jean Sarah Connor went into the studio in 2002 and played - significantly - in one night the title "One Night Stand" one. Who composed and produced by Wyclef Jean song was the first release from Connors's second album "Unbelievable", which achieved within 48 hours of incredible gold status. But not only on the German music market Delmenhorsterin was successful with hits like "Bounce" she stormed, 2003, the British and American charts. Since then it has continuously represented in the European charts.

With five number-one rankings in a row, 40 gold and Platinauszeichungen and over 5 million albums sold worldwide enjoy Sarah Connor an unrivaled status in the German music scene. Her career line numerous awards, including the Echo 2002 in the category "Female National Rock / Pop", the 2004 World Music Award for "Best Selling Artist Deutsch", four comets and the Golden Camera.

Since 2010, Sarah Connor is in the jury's successful music talent show "X Factor" on Vox. In the second "X Factor" Sarah Connor Season 2011 has joined forces with their colleagues jury Till Brönner and Bo after the singing talents.