Word: germanically
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...showed that the same sort of hauteur is alive and well in all three capitals. Power talks, and so does the national interest; this is one of the oldest truths in international politics. In the American case, the victim was the authority of the United Nations; in the Franco-German case, the loser is Europe and its common currency. Britain and Sweden, the two most prominent outsiders, will now think thrice before joining the euro zone. Why allow others to fiddle with the stability of your money just because their national interests demand it? The basic reasoning behind the stability...
...year-old Iraqi, speaking from Syria, told a Hamburg operative: "I need Japanese guys here," presum- ably a reference to kamikaze-style bombers. The Italians issued an arrest warrant for the man they believe to be that operative, an Algerian called Abderrazak Mahdjoub, who was arrested by German police on suspicion of recruiting Islamic militants to join the jihad in Iraq. Lawyers for Mahdjoub, 29, were unavailable for comment. Italian authorities said warrants had been issued for five of his associates, and that three - two Tunisians and a Moroccan - had been nabbed in Milan. In Britain, police in Gloucester arrested...
...will this week begin hearing charges that the marriage was wrongly billed as a "merger of equals." U.S. billionaire Kirk Kerkorian - Chrysler's biggest shareholder prior to the $36 billion tie-up - is suing DaimlerChrysler for fraud, claiming the deal was not a merger but a takeover, with the German firm running Chrysler. There's more to it than semantics: slating the deal as a merger bypasses the need to pay shareholder premiums, as would happen in a takeover. The spotlight will fall on DaimlerChrysler chairman Jürgen Schrempp, who in an October 2000 Financial Times interview appeared...
...world's biggest counterfeit havens, has broken up 13 euro print shops in the past 12 months. Serbian police closed down three rings over about the same period - "mostly medium-quality forgery" shops, according to Zoran Stajic, the lead investigator. And Polish police, relying on tips from their German counterparts, shut down a major operation in February in central Poland, confiscating €200,000 in fake notes. Investigations continue in all these countries, and police say new operations have sprung up in Lithuania, Moldova and Belarus. Counterfeiters have started operating in Western Europe as well. Just two weeks ago police...
...pass counterfeit bills. Austrian antifraud investigators who rarely laid eyes on a fake schilling before the changeover reported 3,000 cases of counterfeit euros last year. This year, they've seen 15,000, mostly originating in Bulgaria, says Erich Zwettler, an anticounterfeiting investigator in Vienna. Next door in the German state of Bavaria, police also report an increase in forgeries from Lithuania, Italy and Turkey (mainly coins). Some 7,500 cases are awaiting trial in Bavaria alone. Police say that the most commonly faked euro bills - 50s, 20s, 100s and 200s, in that order - could become so widespread that vendors...