Word: german
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Dates: during 2000-2009
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...from the Pope and countless local priests. Partisan bickering back in Rome has all but ceased. Even the newspapers that scream their Page One headlines with every Silvio Berlusconi faux pas chose to ignore a gaffe the Prime Minister made in the midst of the tragedy, when he told German TV that those forced from their homes should treat the experience like a "camping weekend." (See pictures of Italy after the deadly earthquake...
Most of the CBL contracts with German municipal authorities were concluded in the late '90s. After a while, the IRS caught on to what was clearly a tax scam on the part of the American investors. The tax write-off applied to purchases of foreign infrastructure assets. But the German assets were not purchased; they were being leased. So in 2004 the loophole was closed...
...German towns and cities are appealing to the German government to bail them out. In March, a group of municipal authorities appealed to the Kreditanstalt für Wiederaufbau, or KfW, Germany's Marshall Fund-era state-owned bank for reconstruction and development, to buy out AIG and replace it as their credit insurer. The plan might work, but KfW is reluctant. "We are looking into the matter," a KfW spokeswoman says...
Like many players on Wall Street, German city officials have learned that if something sounds too good to be true, it probably...
...trade-off. A country gives up monetary freedom (to devalue, for instance) in exchange for increased trade with the rest of Europe, coordinated monetary policy, and a confidence seal in terms of foreign indebtedness. Basically, through the European Central Bank, countries less reputable than Germany get access to German interest-rate levels in regular market conditions...