Word: berlin
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...with the toxic debts of U.S. banks. The move has won plaudits on Wall Street and even a knowing nod from Main Street U.S.A., which understands that the plan is a necessary evil. In Germany, it has also fueled a fierce debate about whether Merkel is wrong and how Berlin might get toxic assets off German banks' books without making taxpayers foot the bill. (See 25 people to blame for the financial crisis...
...hard to figure out what would happen to the real economy if the banks are left on their own to work through loan failure of this magnitude. "Germany has not succeeded yet in getting control of the financial crisis," says Klaus Zimmermann, president of the Berlin-based DIW economic research institute. "We must quickly extract the toxic assets from the system so that the banks can finally reassume their service role for the real economy...
...Berlin police spokesman Michael Merkle tells TIME that the city's investigators are now checking whether they also use cotton swabs from Greiner Bio-One. "A consequence of the present case may be to start randomly checking the cotton swabs we are supplied with for traces of DNA - which, in turn, harbors the risk of contaminating them," he says...
...Stefan König of the Berlin Association of Lawyers says the case of the phantom Phantom illustrates the risks of basing an investigation solely on DNA evidence. "DNA analysis is a perfect tool for identifying traces," he says. "What we need to avoid is the assumption that the producer of the traces is automatically the culprit. Judges tend to be so blinded by the shiny, seemingly perfect evidence of DNA traces that they sometimes ignore the whole picture. DNA evidence on a crime scene says nothing about how it got there. There is good reason for not permitting convictions...
...mills of justice grind slowly, and sometimes not very finely," says Paeffgen dryly. The twins disagree. "We are proud of the German legal system and grateful," they told Berlin's daily Der Tagesspiegel through a family member after their release...