Nonetheless, after extending second bail out to the debt-stricken Greece, it was believed that euro zone crisis would take a breather, the news of larger countries like Italy and Spain may soon place themselves in the same category has jolted the 17-nation currency clan. With the growing outrage over the future of European countries, the domineering Germany has always kept its foot ahead over every other European country.

If reports are to be believed, German experts and economists are of the opinion that Greece must exit from the EU, followed by Portugal and even Italy.

According to Germany's biggest energy group, EON, after its first ever quarterly defeat on Wednesday, the country government declared to dump the nuclear energy restructuring strategies, which certainly would result in the trouncing of almost 11,000 employments.

However, the officials further asserted that from past three months, a net loss of 1.49 billion Euros ($2.14 billion) have been reported but as compared to the second quarter shareholders losses, the current loss somewhat stated the wider definition of their earnings.

Sources have revealed that Switzerland is looking forward to signature sweeping tax treaties with Germany and Britain, as an attempt to ensure that assets belonging to citizens of those countries held in Swiss banks will no longer escape tax.

Further, it is anticipated that Germany will sign the agreement first, most probably on Wednesday, followed by an identical deal with Britain where both the agreement will have board effects and client will be able to retain their secrecy.

According to reports, German utility RWE AG, on Tuesday, announced that if dropped to a net loss in the second quarter of 2011, majorly owing to additional costs linked to Germany's decision to remove all nuclear energy by
2022 as well as tax on nuclear fuel.

Also, RWE dropped to a net loss of EUR229 million from a EUR486 million net profit in a similar period last year. Hence, the company stated: "The nuclear exit and the tax on nuclear fuel rods cost it some EUR900 million in operating profit in the first half of the year".

The President of Swiss Micheline Calmy-Rey revealed about their tax agreement with Germany, a step to improve the relations between the two. The deal, to be signed on August 10, will impose 26% of the tax preservation on the future assets of Germany held by the Swiss banks.

On Friday, the European energy companies, E. ON, RWE and WindMW, made a revelation of constructing three wind farms in the German North and Baltic seas. It has been reported that the Heligoland will be the first Island in Germany to be benefited with large-scale development of offshore wind power.

The German automobile company, Mercedes-Benz is determined to regain its lost position, reveals Dieter Zetsche, the CEO of Mercedes-Benz. The Company wants to surpass the level of its rival companies namely, BMW and Audi, in the luxurious car segment.

In the first six months, Mercedes-Benz car sales increased by 9.7 %, amounting to 610,531, on the global grounds. On the other hand, its competitor BMW’s brand sales were recorded at an increase by 17.8 % amounting to
689,861, while Audi sales rose by 17.7 % amounting to 652,970.

It was revealed by the new CEO of Cameco, Mr. Tim Gitzel that a lot about the future is going to depend upon today’s decision of Germany about the nuclear power in Japan. He also said that the uncertainty in the matter has led to a negative impact on the nuclear fuel.