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World News   Germany   Business   Financial (18)
Germany, Financial Timeline Sunday, March 14 Bookmark and Share     Author
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Germany acts to guarantee savings  Berlin: Chancellor Merkel has announced that Germany will guarantee all private savings accounts, as a major bank struggles to stay in business Another top European bank falters
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Banks rescue suicide billionaire's interests  Two days after the suicide of Adolf Merckle, one of Germany's richest men, banks agreed to rescue his business holdings Parliament passes bank bailout  Berlin: The Parliament of Germany passes a 500 billion euro ($673.8 billion) bank bailout Plan to save German bank 'agreed'
EU heads back financial clampdown


year 2009 Top ^

Feb.22
  Berlin: European leaders have agreed on the need to regulate all financial markets including hedge funds
Jan.7


year 2008 Top ^

Oct.17
Oct.5
  Berlin: The government and banks have agreed a 50bn euro plan to save one of the country's biggest banks

Oct.4
  Germany's 2nd-largest mortgage lender, Hypo Real Estate, is teetering on the brink of collapse after a banking consortium withdrew from talks
 Hypo Real Estate has suffered from the credit squeeze in international markets. A consortium of German financial institutions pulled out of the negotiations after refusing to come up with nearly 36bn euros for a bail-out
May.31 ECB set to mark 10 years   The European Central Bank celebrates its 10th birthday with its reputation of steadfast stance on interest rates and quick action to supply ... Feb.18 More raids in tax fraud scandal  Hamburg: Authorities investigating alleged tax evasion by Germans stashing money abroad mounted more raids in and around Munich and in Hamburg Feb.15 Deutsche Postbank posts 39% loss  Berlin: The bank saw profit drop in the 4th quarter over the previous year, but the German bank said it escaped the worst of the subprime fallout

year 2007 Top ^

Nov.22 Airbus fears 'weak-dollar death'
  Hamburg: The weak dollar is threatening the survival of European planemaker, chief executive Tom Enders told workers

year 2004 Top ^

Nov.21 G-20 skirts sliding dollar  Berlin: Finance ministers have wrapped up a 2-day summit without making reference to the sagging value of the U.S. dollar Nov.19 Greenspan warns over US trade deficit  Berlin: US Federal Reserve chief has warned that the deficit in US trade cannot be sustained indefinitely Apr.16 Bundesbank boss resigns
  Ernst Welteke has resigned following investigations into a hotel stay paid for by Dresdner Bank Mar.31 Afghanistan wins $8.2bn in aid
  Berlin: International donors have pledged $4.4 billion in new aid to Afghanistan for 2005


year 2003 Top ^

Dec.16 Joint plan to relieve Iraq debt
  The U.S., France and Germany have agreed on a plan to provide the Iraqi government with 'substantial' debt relief
Dec.15 EU's richest six urge budget cap  European Union: Germany, Austria, Britain, France, the Netherlands and Sweden have called for a drastic cut in financial aid to poorer nations

year 2002 Top ^

Dec.23   No cash for Iraq war  Finance minister Hans Eichel said weak economy could not cope with providing any financial assistance to a U.S. strike Sep.13 MobilCom gets government lifeline  France Telecom dumped cash-hungry German partner. The German Government have to save stricken telecoms operator
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