Dr Thilo Sarrazin, a member of the executive board and head of the bank's risk control operations, told Europe's culture magazine Lettre International that Turks with low IQs and poor child-rearing practices were "conquering Germany" by breeding two or three times as fast. "A large number of Arabs and Turks in this city, whose number has grown through bad policies, have no productive function other than as fruit and vegetable vendors," he said.
German leaders, meanwhile, cannot see why their taxpayers' money should go into encouraging precisely the kind of behaviour - reckless lending, careless borrowing and overconsumption - that precipitated the financial crisis.
A man wanted by Liechtenstein for leaking secret banking information that identified millionaire tax cheats across Europe and the United States has described to congressional investigators how money was concealed.
Lawmakers played a videotape of the testimony by Heinrich Kieber at a congressional hearing Thursday that revealed rare details of offshore practices at two European banks. At the hearing, Swiss banking giant, UBS AG, announced that because of recent revelations, it will stop offering U.S. clients offshore services through branches based abroad.
Germany's main far-right group, the National Democratic Party (NPD), began a two-day annual conference in the city of Bamberg Saturday, May 24, with thousands of demonstrators outside demanding that the NPD be banned.
Germany's strength at a time of global uncertainty also testifies to progress in containing labor costs, streamlining production in its important manufacturing sector and managing a slow, but steady increase in employment, which supports domestic demand. Germany, the world's largest exporter, is also profiting immensely from thriving economies in Eastern Europe, the Middle East and Asia.
The layer of peat and the high acidity of the marshy lake had created a kind of protective cocoon around the tank, sealing it off from corrosion and preserving it through 56 years under water. To the team’s delight, nearly every part and mechanism proved to be in perfect working order after cleaning. The fuel tanks were found to be empty, confirming the assumption that the tank had been abandoned and dumped in the lake due to shortage of fuel. The diesel engine had leaked no oil. Astoundingly, without replacing any spare part, the team managed to start up the Diesel engine.
Germany, the world's leading export nation, has long been successful in shipping its state-of-the-art cars and machinery to just about every country.
Now, after importing workers for decades, it has a new entry on its export lists -- jobless Germans.
German Chancellor Angela Merkel said Liechtenstein should increase transparency in banks and other financial institutions, as police widened a probe into German residents accused of illegally funneling money to the alpine tax haven.
he Guardian has obtained confirmation from newly discovered files in the US National Archives that a firm of which Prescott Bush was a director was involved with the financial architects of Nazism.
Respected German historian Guido Knopp has compared a speech by US actor Tom Cruise to the Church of Scientology with a call to war by Nazi propaganda minister Joseph Goebbels.
