- Germany edition
- Change edition:
- France |
- Norway |
- Sweden |
- Switzerland
February 23, 2012
Steinbrück aims to crack lottery jackpot as German debt balloons
Published: 30 Jan 09 15:40 CET
Online: http://www.thelocal.de/money/20090130-17105.html
Desperate times call for desperate measures. As Germany looks set to rack up massive new debt this year, Finance Minister Peer Steinbrück has been spotted casting a hopeful eye at his lottery ticket.
- Berlin sees 'no need' to boost EU firewall fund (22 Feb 12)
- Frankfurt Airport workers halt strike for talks (22 Feb 12)
- Hundreds of thousands have no electricity (22 Feb 12)
Steinbrück was caught on camera checking his lottery ticket during a debate in parliament about eradicating poverty - a picture that appeared on the front page of both mass-market daily Bild and business paper Handelsblatt.
"It was a present," Steinbrück said when asked about it on German television. "I hope nobody knows which numbers I chose."
Unfortunately, even if he scoops the big prize - at odds of 14 million to one - the cash would make only the merest dent in the new borrowing Germany has taken on to fight the what's expect to be the worst recession in 60 years.
Borrowing a massive €36 billion this year, Steinbrück would need to hit the jackpot more than 1,000 times to pay off the new public debt. But the minister is more likely to pocket any gains himself, it seems. "It's a purely private matter," a spokesman told AFP.
AFP (news@thelocal.de)
Fark It!
Digg This
Share everywhere
Send to a friend
Printable version
Twitter This
Berlin sees 'no need' to boost EU firewall fund
Germany reiterated on Wednesday there was no need to pour more money into the eurozone's crisis-fighting war chest, a week ahead of a crunch EU summit likely to be dominated by the issue. READ »
Hundreds of thousands have no electricity
Hundreds of thousands of Germans are likely going without power simply because they can’t afford the bills, according to a North Rhine-Westphalian consumer organisation studying the problem. READ (7 COMMENTS) »
Having older employees 'better for business'
Having employees between the ages of 45 and 67 increases a business' productivity, the German government announced on Tuesday in a report examining age-equality in the workplace. READ (2 COMMENTS) »
Schäuble certain of majority for Greek bailout
Finance Minister Wolfgang Schäuble said on Tuesday he was "totally confident" Germany's parliament would approve a Greek bailout deal without the governing coalition having to rely on opposition support. READ (2 COMMENTS) »
Greece no threat to world economy: ECB man
Greece, which is teetering on the brink of bankruptcy, is "no threat to the world economy," Germany's European Central Bank executive board member Jörg Asmussen said on Monday. READ (1 COMMENT) »
Stingy banks prod firms to tap bond market
German companies are increasingly turning to the bond markets for their financing as banks restrict lending, a new study by Moody's Investors Service found on Monday. READ »
Greek debt relief decision expected on Monday
As even Germans were to be found protesting outside the German embassy in Athens on Friday, politicians said a decision would probably be made on Monday about further European aid to struggling Greece. READ (4 COMMENTS) »
Mouse droppings bankrupt Bavarian bakery
The Müller Brot bakery chain in Bavaria has declared bankruptcy, two weeks after production was halted following the discovery of maggots in its flour and mouse droppings in its factory. READ (1 COMMENT) »
More than one million jobs vacant in Germany
More than one million jobs in Germany are unfilled, a survey showed on Thursday, as unemployment in Europe's top economy stands at record lows and employers complain of a skills shortage. READ (9 COMMENTS) »
Penniless artists the happiest of us all
They often toil for long hours for little pay and even less glory, but artists are Germany’s happiest workers, according to a new study from the German Institute for Economic Research (DIW). READ (1 COMMENT) »
- 15/02 German economy shrinks at end of 2011 (5 comments) »
- 14/02 Investor confidence tops 10-month high (1 comment) »
- 14/02 OECD sees German growth slowing in 2012 »
- 13/02 Deutsche Bank 'to pay €800 mln' in Kirch case »
- 13/02 Greece leaving the euro not so scary - Germans (10 comments) »
- 10/02 Berlin defies EU over copyright deal (14 comments) »
- 10/02 Germans don't trust Greece to tighten belt (18 comments) »
- 09/02 Tourists flock to Germany in 2011 (10 comments) »
- 09/02 Daimler books record €6-billion profit »
- 08/02 Exports top €1 trillion despite euro crisis (7 comments) »
See all ads | Join the Marketplace
-
Greenback Expat Tax Services
US expat tax preparation services for American owned companies in Germany -
British Corner Shop
British Corner Shop is the online supermarket for British Expats. -
British Allsorts
Your Corner shop in Munich -
Get Grocery
Online shop for wide range of authentic Indian food in Germany/EU -
Keith Tanner
Your British financial adviser in Berlin -
tolingo professional translation service
fast and reliable translations in over 35 languages -
Greenback Expat Tax Services
US expat tax preparation services, specializing in Americans living in Germany
1248 jobs available
700 new jobs this week
0 new jobs today
- Resident Enterprise Support Engineer - Wolfsburg, Germany
- Account Manager - Based in Munich
- Continuous Improvement Manager Europe (m/f)
- Accounts Payable / AP bookkeeper (m/f) with Swedish language skills / Kreditorenbuchhalter (m/w) ...
- Digital Graphic Designer (m/f)
- HSE Regional Manager - Germany or Poland
- Facilities Operations Director - Europe (based in Frankfurt)
- Account Manager - Außendienst - Standort München (m/w)
- Enterprise Wireless Solution Manager
- Procurement Officer (m/f)
- 22/02 Volvo owners to push car sales abroad: report »
- 22/02 Swedish weapons sold to dictatorships: agency »
- 21/02 Stockholm parking spots pricier than apartments »
- 21/02 Runaway krona must be 'reined in': experts »
- 20/02 Youngman makes new Saab offer: owner »
- 20/02 Sweden's 'cosiest' summer house for sale »
- 19/02 'Inertia' of Swedish model bashed by firms »
- 17/02 Ryanair slammed for 'sexist' bikini calendar »
- 17/02 Zlatan launches 'first ever' iPad autobiography »
- 16/02 Sweden seeks new tools to aid file sharing hunt »
- Just entertainment? Political talk shows on German TV
Political talk shows are all over ARD and ZDF in the late evening. - German Prize for Technology and Innovation
The Deutscher Zukunftspreis is a major national prize for innovation is presented annually by Germany’s Federal President. - Kohl und Pinkel
“Curly kale and what did you say?” That is the sometimes slightly hysterical question when unsuspecting visitors to northern Germany are offered the speciality Kohl und Pinkel. - A Manageable World for Children – Innovative Concepts for Day Care Centres
Until well into the Sixties, the care and supervision of young children in public facilities in West Germany was more the exception than the rule. - Phasing Out Nuclear Power – The Engine for Modernizing the Economy
After the Japanese nuclear disaster, Germany finally resolved in 2011 to phase out nuclear power, and will benefit.
- Fewer animal experiments thanks to nanosensors
Countless mice, rats and rabbits die every year in the name of science – and the situation is... - German employers split over campaign to ban smoking breaks
Employers in Germany have launched a campaign to ban all smoking in the workplace, not just... - Marine Research in Kiel is heading towards new shores
Helmholtz Centre for Ocean Research Kiel established On January 1, 2012 the former Leibniz... - Federal Foreign Minister Westerwelle: Laying down ambitious and binding rules for the euro
Federal Foreign Minister Guido Westerwelle issued the following statement in Berlin today (11...
- 21/02 Poppy Ball
- 19/02 Looking for Family!! Lachera family
- 19/02 Exclusive Beach Villa - South Africa
- 19/02 Car Boot Sale
- 16/02 "Little Jemmy" Original Art Print
- 15/02 Nostalgic Train Ride
- 04:15 St George's School Cologne
- 03:59 Systems Engineer Seeking employment in Aerospace
- 01:55 Need advice on dating German guy
- 01:28 Necessary documents when renting an apartment
- 01:02 Mentally unstable neighbour
- 23:58 Previous marriage certificate
- 23:51 Taxes for post doctoral researchers
- 23:28 Buying tampons in Germany
- 23:13 Mums-to-be in Schwanthalerhohe (or thereabouts)
- 23:10 Italian community in Munich
Visiting Berlin anytime soon? Book your hotel in Berlin here.
For home-from-home holiday accommodation, search for a Berlin apartment to rent.
Start trading shares, equities, forex, etc. No commission on equities; Low min. margins. Apply for a CFDs account now!
