Germany's Feld Says Greece Can't Avoid Debt Restructure

In an interview with a Bloomberg Television Lars Feld, a member of German Chancellor Angela Merkel's council of economic advisers has said that Greece will have to restructure its massive debt. And it should do it within the short period of time rather than waiting for long time. This interview was held in Frankfurt.

Feld expected that Greece will succeed in this consolidation strategy if it doesn’t have any reforms in coming future. She said Bloomberg Television's Nicole that Greece should restructure as quickly as it can.

Millions of migrant workers coming to Germany

The Cologne-based IW institute has stated that Germans may perhaps not greet the million foreign workers who are coming from newer European Union states. This is because they are concerned about the impact of immigration on their own jobs.

The institute has good relations with German employers. It has made an estimation that up to 1.2 million foreign workers would to migrate to Germany by 2020. This will be only possible when the country fully opens its doors to citizens of newer EU members in Eastern Europe from May 1.

Amazon launches Kindle in Germany

It was announced by Amazon. com this week that they have launched Kindle electronic bookstore for the consumers in Germany. Name of the store is Amazon. de/kindlebuecher and it is going to offer close to 650,000 titles, including some 25,000 that are going to be in German.

At present, Amazon is the No. 1 Internet retailer as per the Top 500 guide. The main aim of this Kindle is going to provide the German-speaking people “Buy Once, Read Everywhere” apps. These are going to be for the mobile devices and would be working on iPad, iPod touch, iPhone and Android-based phones.

120,000 protest for stopping use of nuclear power

The streets of Germany were filled with protestors which numbered up to 120,000. These people were calling for stop of nuclear power and have in few days increased their pressure on

Chancellor Angela Merkel’s government asking it to close down the 17 nuclear plants, that are present in the country.

All the agitations began when Japan saw the nuclear disaster last month. That is the time when Merkel had imposed a moratorium on new nuclear plant construction and then only she said that all the seven plants should be closed down temporarily.

Next European Central Bank chief is Super Mario?

Speculations are being made about the successor of France’s Jean-Claude Trichet, who will step down in October. Recent leaks suggest that Germany will give approval to Mario Draghi dubbed "Super Mario", a former Goldman Sachs executive from Italy to become next ECB executive.

European’s failed to put their choice forward for the appointment of next European Central Bank chief.

For the entire week, German Finance Minister Wolfgang Schaeuble is stressing to appoint the current Italian central bank chief after Trichet.


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