Category: Finance

"Monetary stability is at massive risk in the medium term," issing told the "frankfurter allgemeine sonntagszeitung". The ECB’s balance sheet was able to accumulate masses of government securities of inferior value. "If the papers have to be written off, it’s the taxpayers who pay for it in the end."

Issing called claims that the european central bank (ECB) would later be able to "easily" recover the liquidity it had issued "frivolous talk". There are effective instruments, but the collection of money is difficult. There has never been a comparable situation, no one knows what so much liquidity can do. With the u.S. Fed and other central banks flooding the markets, issing warned: "there is a global liquidity glut, and sooner or later it will have a dangerous effect." Former ECB council member jurgen stark also renewed his criticism of bond purchases.

When mammon calls, it's obviously hard to stay on your toes. Then they rush up, knock over tables and seats and chase the money with wide-open eyes. It is the unrestrained desire for pleasure, satisfaction, possession, for the fulfillment of ever more mabloose desires.

At the same time, the defense shields are brought into position, smoke candles are thrown, accompanied by words of clarification: it is pure envy that wants to prevent progress, even reason. Critics appear as mischievous contemporaries who knew nothing better with their time than to spread crazy opinions.

If commander wolfgang gantke hadn’t said it, none of those present had suspected it: the water supply in the schlehenmuhle is so weak that the village, and above all the inn, cannot be adequately supplied with firewater in the event of a fire. Since 2015, gantke has been denouncing this state of affairs; above all, the hydrants, which often do not comply with the regulations, need to be upgraded, but not much has happened so far.

He therefore called for a concept of the loewater, in which the current situation is recorded and solutions are searched for. Mayor fortsch is aware of the situation "but it’s hard to find a workable solution", he said, because the water supplier, the wichsensteingruppe "only prioritizes the supply with drinking water, but not the loschwasserversorgung". For this reason, he is also considering the construction of a loach water pond for emergencies, which would bridge the time until a hose line is built up from the trubach river.

Almost 500 guests came to heroldsbach for the countrywomen's day at the beginning of march. This year it was all about regionality. "People in the corona crisis pay more attention and buy more from regional direct marketers", said district farmer rosi kraus and her deputy christine werner nodded in agreement: "hopefully it will stay that way."

Instead of asking for admission, the landgruppe forchheim of the bayerischer bauernverband had again asked for a donation at this event. Rosi kraus was able to hand over a sum of 1320 euros and a basket of regional products to eva wichtermann, managing director of the arbeiterwohlfahrt kreisverband forchheim.

Investors scrambled to buy the photo platform's shares when pinterest debuted on the new york stock exchange.

The first price of the shares listed on thursday under the ticker symbol "PINS" was 23.75 dollars, 25 percent above the issue price of 19 dollars. The price of the stock has risen at times to more than 12 billion dollars. The san francisco-based social media company raised $1.43 billion (1.27 billion euros) from investors in its initial public offering of 75 million shares.

During the redesign of the weisendorf castle park, many breeding hollows in old trees were lost. The local group seebachgrund in the bund naturschutz (BN) therefore wants to create a small compensation for this loss with artificial nesting aids, it says in a press release.
The first nesting box for the tawny owl, weighing 15 kilograms, was hung up these days. The nature conservationists were pleased about the support of the municipality of weisendorf. With the help of the building yard and its hoist, it went up to a good five meters high, so that the tawny owl could feel at ease. Four aluminum nails hold the two hooks for the box made of solid wood concrete.
Nature conservationists were also particularly pleased about the funding for the nesting cave. Two councillors of the civic electoral association have donated meeting money and increased the amount a little so that it is enough for the tawny owl box. The collection in the castle park is completed with nesting boxes for the starling and the treecreeper.
But this is not the end of the activities of the local group for this year. Saturday, 18. November, starts at 9.30 o’clock behind the industrial park hebdorf a planting action. With the support of the landscaping association and financed by the municipality of hebdorf, about 100 shrubs and four fruit trees are planted for the further greening of the business park. We are still looking for energetic helpers.
In december, it is planned to install another owl box in the FFH area north of sauerheim. In addition, the local group wants to continue to improve the biotope at the self-managed pond by shortening a willow so that it is suitable as a roost for the tawny owl.

The kindergarten st. Katharina neukenroth invites to the festive blessing of his newly designed aubenanlage and the children's playground. The festival begins on sunday, 30. June, at 10.15 o'clock with a liturgical service for which parish priest matthias beck is responsible.

In case of bad weather, the service will be held in the st.-katharina church, in case of good weather in the garden of the kindergarten. Afterwards there is the blessing of the newly designed and equipped with many new playgrounds.

"It’s a good day for ireland and spain, it’s a good day for europe," said eu safeguard commissioner olli rehn in brussel after consultations with euro finance ministers. The fin said that for the two heavily indebted countries, the problems have not yet been eliminated.

The program for ireland expires in december, the spanish program for ailing banks in january 2014. Ireland’s head of government, enda kenny, had announced in dublin that his country would accept the aid program of the international lenders from the 15. The company will leave the country on december and will not take out a preventive credit line to secure its position. "We are confident that the irish government will take all necessary measures," said the president of the european central bank, mario draghi.

With a dramatic showdown in congress, the USA avoided the fiscal cliff just in time and calmed the world's financial markets. But president barack obama wins only a reprieve with compromise in u.S. Budget dispute. For at the same time, politicians in washington prepared the stage for a bitter dispute over the gigantic national debt.

After the senate, the house of representatives on wednesday night also approved the compromise between democrats and republicans that stops automatic tax increases for millions of americans. According to economists, this has averted the danger of recession, which has been a topic of discussion for months. Now, however, within a few months, an agreement must be reached on massive spending cuts.