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April 18, 2014 / 18 Nisan, 5774
At a Glance

Posts Tagged ‘German Government’

Rich Get Richer: Germany Saves $55 Billion on Crisis

Tuesday, August 20th, 2013

Germany is profiting from the debt crisis that’s debilitating most of their neighbors to the south and south-east, by saving more than 40 billion euros in interest on its government debt. Meanwhile, German treasury bonds doing fabulously well due to strong demand from investors seeking a safe haven, Spigel reported.

According to the German Finance Ministry, Germany will save a total of €40.9 billion (roughly $55 billion) in interest payments in the years 2010 to 2014, because of the difference between actual and budgeted interest payments.

On average, the interest rate on all new federal government bond issues fell by almost a full percentage point in the 2010 to 2014 period, according to the report, and Germany is a considered a very safe creditor in investors’ circles.

The rule of when it rains it pours seems to be working in Germany’s favor as well: it is seeing unprecedented high tax revenues from its robust economy, which has also led to a decline in new borrowing.

Between 2010 and 2012, the German government issued €73 billion (about $97 billion) less in new debt than it had planned.

On the other side of things, according to the Finance Ministry, the costs of the euro crisis for Germany have so far added up to €599 million, Spiegel reported.

This should be good news to all of us paranoids who fear a reawakening of the sleeping German militaristic giant who would try once more to conquer the world. Who needs to conquer the world when you can buy it for so much less?

Germany Transfers Fourth Dolphin Class Submarine to Israel

Thursday, May 3rd, 2012

Israel received the INS Tanin – its fourth Dolphin class submarine – on Thursday, in an official ceremony at the Kiel shipyard in Hamburg, according to a statement released by the Israeli government.

Senior Israeli officials and their German counterparts launched the INS Tanin, “considered to be among the most advanced and sophisticated submarines in the world, and will be Israel’s most expensive piece of military equipment.” The submarine cost approximately $500 million, one-third of which was funded by the German Government, and is slated to arrive in Israel next year.

Defense Minister Ehud Barak – who last month signed an agreement to procure a sixth submarine – said that “the submarine will be another force multiplier in terms of the capabilities and strength of the IDF and the State of Israel in the face of the growing regional challenges.

The Navy has been undergoing a number of strategic changes in recent years,” he continued. “Changes that place it as the long arm of the IDF, at the very forefront of the campaign to secure the State of Israel.” The fifth Dolphin submarine will join the fleet in 2014.

Printed from: http://www.jewishpress.com/news/breaking-news/germany-transfers-fourth-dolphin-class-submarine-to-israel/2012/05/03/

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