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Chancellor Angela Merkel’s Christian Democrats will lose control of Germany’s most prosperous state to the centre-left opposition in a major upset to her centre-right government, according to TV exit polls. In Baden-Wuerttemberg state, the Greens and Social Democrats (SPD) looked set to win a combined 48.5 percent in an election on Sunday where Japan’s nuclear [...] You just can’t make this stuff up… Germany has been loathe to bailout Greece. The conflict between the two nations is escalating. To wit: A German magazine, Focus, says Greeks are the “cheats of the eurozone” and portrayed Venus de Milo flipping off Greece. Greek media responded by invoking the previous Nazism of the [...] Hypo Real Estate, the second largest real estate lender in Germany, is circling the drain after an emergency rescue failed. They are about the size of Lehman. The financial system cannot take another body blow of this magnitude. The authorities had better patch this one up over the weekend, or we face even more credit [...] |  | ||||
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