Word: berlin
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...must face the electorate in September, but a disaster for Europe. If the preacher goes off the wagon, why should his flock stick to sobriety? How will the Commission be able to chastize Italy, Portugal and France, whose deficits are swelling, if it caved in to the Berlin bully? The euro, which since its inception in 1999 has plunged nearly 25% against the dollar, will surely not rise soon...
...consumer. Competition Commissioner Mario Monti wants to break up the informal shelters that allow carmakers to charge different prices in different markets. But Schröder, eyeing the profits and employment rolls of VW, Daimler, Opel et al., doesn't like it. Liberalization of the energy market? No, says Berlin, we don't want a European regulatory commission that would set Europe-wide "tolls" for power transmissions. Why not? Because such prices are now the highest in Germany...
...about telecoms? The German Economics Ministry is blocking access to the highly lucrative local market (as opposed to the ultra-competitive long-distance market), where Deutsche Telekom holds a virtual monopoly. It is now cheaper to call New York from Berlin than to make a local call in the German capital during peak hours. Hence, watch for the next row with Brussels - over Europe-wide regulations that would open up the telecom industry's "last mile," the one to your home...
DIED. HILDEGARD KNEF, 76, sultry German singer and film star billed in the U.S. as the "thinking man's Marlene Dietrich"; of a lung infection; in Berlin. The diva who scandalized church officials with a fleeting nude scene in the 1951 German film The Sinner was best known in the U.S. for her role as Countess Liz in 1952's The Snows of Kilimanjaro with Gregory Peck...
...over half a century with the Magnum photo agency. She produced more than two dozen books, including several collaborations with her husband. DIED. HILDEGARD KNEF, 76, gravel-voiced German star of post-WWII era films who found later success as a singer in musicals and as an author; in Berlin. Perhaps best known for her role in Germany's first movie after the war, Die M?rder Sind Unter Uns (The Murderers Are Among Us), the versatile blond leading lady went by the name Hildegard Neff in Hollywood, where she starred with Gregory Peck and Ava Gardner...