Kohl gets Henry A. Kissinger award for uniting Germany

The ex U. S. President Bill Clinton has paid tribute to Helmut Kohl who served as German leader for a long time, being the most important of all the European statesmen since the Second World War.

Yesterday, Clinton along with World Bank chief Robert Zoellick presented the ex chancellor, now aged 81 years, with the Henry A. Kissinger Prize, given away yearly by the American Academy in Berlin for all the extraordinary contributions made to the trans-Atlantic relations. Among those present was also Kissinger, an ex- U. S. secretary of state.

South Korea’s Lee is keen to double trade with Germany, France

South Korean President Lee Myung Bak has expected that the Asian nation’s trade with Germany and France will double in coming years. This is expected because a free-trade agreement with the European Union will be done in July.

Lee has said today that this agreement will help to increase trade with Germany to more than $50 billion in coming five years as compared to $25 billion in 2010. He said this during a biweekly radio address after a weeklong trip to Europe.

Moreover Lee is keen for doing double trade with France in two to three years, from $7.3 billion previous year.

Germany Pushing For Greek Bond Maturities Extension

German Finance Minister Wolfgang Schaeuble has stated that the country’s debt crisis may be removed by extending the maturities of Greek bonds. This may help to lessen the debt to some extent. For this there is need of private investors who would participate in this.

European Commission, IMF and Germany ready to accept Greek debt revamp-report

The European Commission along with the International Monetary Fund as well as the German government are set to give a nod to the soft debt restructuring for Greece because of the dramatic deterioration of the Greek situation.

However, both the European Central Bank as well as France is still against such a move, as is going to be reported by the German newspaper Die Welt in its Saturday issue, mentioning unspecified sources.

Germany says EU sanctions on Iran bank likely

The Germans have signed on to a European Union plan of sanctioning a German bank controlled by Iranians, handles billions of euros in yearly transactions for the purpose of clients trading in the Islamic republic, according to the people who know the matter well.

According to a German official knowing the decision, the track has been made ready in order to sanction the European-Iranian Trade Bank AG.


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