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...looking for buyers. Onnasch owns vast amounts of contemporary art and he's content with sharing his cultural wealth with the public. Running through 2009, the rotating exhibition at the art gallery El Sourdog Hex highlights 19 artists from the 1950s to the '90s. Works by German sculptor Markus Lüpertz go on display March 9-April 25, followed, on May 4, by a show on American neo-conceptual artist Peter Halley. Check out www.elsourdoghex.org. - by William Boston...
...admonition reflect the paradoxical role of the European Commission. Often described as the engine of European integration, the Commission also is responsible for disciplining individual member states that violate E.U. rules. The rules in question are part of Europe's Stability and Growth Pact set up in 1997 amid German concerns over budgetary discipline in countries about to join the euro zone. Designed to discourage governments from destabilizing the euro zone by borrowing too much, the rules limit national deficits to no more than 3% of gross domestic product. Countries that go over that limit can face fines. (See pictures...
...they're talking, it sounds as if many European leaders don't want to give their American peers much choice in the matter. German host Chancellor Angela Merkel said the group-France, Italy, Britain, Luxembourg, Spain, the Netherlands and Czech Republic-had agreed to measures they will insist be adopted at the G20 meeting in London in early April. "All financial markets, products and participants including hedge funds and other private pools of capital which may pose a systematic risk must be subjected to appropriate oversight or regulation," Merkel said in a summit statement. "A clear message and concrete action...
...While stability in Iraq is still shaky, Germany wants to make sure it gets a piece of the reconstruction pie early. As Steinmeier made the rounds in Baghdad during his unannounced trip, German Economy Minister Karl-Theodor zu Guttenberg was back in Berlin touting the initiative as seeking to "contribute to reviving the once intensive economic relations between Germany and Iraq...
...German Foreign Minister's trip to Iraq came just a week after French President Nicolas Sarkozy visited Baghdad. "My coming here is to tell French companies: the time has come. Come and invest!" Sarkozy declared, explaining to his host, Iraqi Prime Minister Nouri al-Maliki, how French investment would be mutually beneficial. "We seek cooperation in the economic field, energy, rebuilding, and to help the police, security and Iraqi military forces, as well as restoring the international position of Iraq," Sarkozy promised. "We want to encourage all European countries to come. It is in Europe's interest to extend...