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October 20, 2014 / 26 Tishri, 5775
At a Glance

Posts Tagged ‘payments’

Erdogan: Israel Behind Egypt Coup

Wednesday, August 21st, 2013

Turkish Prime Minister Recep Tayyip Erdogan said Israel was behind last month’s military coup in Egypt.

Erdogan told a meeting of the provincial chairs of his ruling Justice and Development, or AKP, party that he has evidence that Israel was involved in the July 3 overthrow of Egyptian President Mohamed Morsi, the Turkish Hurriyet news service reported.

“Who is behind this? Israel. We have evidence,” the prime minister said, according to Hurriyet.

He cited as proof a statement by a French intellectual he identified as Jewish, who told the Israeli justice minister during a visit to France before Egypt’s 2011 elections, “The Muslim Brotherhood will not be in power even if they win the elections. Because democracy is not the ballot box,” Hurriyet reported.

The White House condemned Erdogan’s remarks.

“Suggesting that Israel is somehow responsible for recent events in Egypt is offensive, unsubstantiated and wrong,” White House spokesman Josh Earnest told reporters later Tuesday.

Turkey downgraded diplomatic ties with Israel and later expelled Israel’s ambassador following the Mavi Marmara flotilla incident in May 2010 that resulted in the deaths of nine Turkish nationals in a confrontation with Israeli Navy commandos. The ship was trying to evade Israel’s maritime blockade of the Gaza Strip.

Israeli Prime Minister Benjamin Netanyahu apologized to Erdogan in March for the incident, and representatives of the countries have met for reconciliation talks. The talks reportedly are held up over the amount of compensation that Israel is to pay to the families of the Turkish casualties and how the payments are to be characterized.

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?

Printed from: http://www.jewishpress.com/news/breaking-news/rich-get-richer-germany-saves-55-billion-on-crisis/2013/08/20/

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