Published: 9 Aug 12 10:06 CET | Print version
Online: http://www.thelocal.de/money/20120809-44255.html
More than 30 German CEOs are demanding that parliament finally ratify the UN's Convention Against Corruption. The move has been blocked by MPs concerned about their own liability.
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German tech giant Siemens has drawn a line under its foray into the solar power business and is closing down the division, business newspaper the Handelsblatt reported on Monday. READ () »
Motorists in Germany are throwing away millions of euros - by not cashing in the 'refund' ticket handed out by public toilet companies operating at autobahn stops. READ () »
Germany, Italy, France and Spain sent their economy and labour ministers to Rome on Friday to try to find ways to reduce the mass youth unemployment blighting the lives of millions across Europe. READ () »
A German amateur footballer who took part in a goal-shooting competition organized by an electronics retail chain, won thousands of euros worth of goods for himself, friends and even complete strangers - until the store banned him. READ () »
The German discount supermarket chain Lidl was under fire on Thursday for reportedly scattering rat poison on its produce shelves - without warning customers or reporting a rodent problem to the authorities. READ () »
Germany is confident the EU will find a "good solution" despite differences and hand the EU Commission a mandate to negotiate a landmark free-trade accord with the United States, a government source said on Friday. READ () »
German manufacturers and supermarkets are still ignoring a huge untapped market for halal goods and typical Turkish ingredients, even after five decades of Turkish immigration to the country. READ () »
British mobile phone giant Vodafone said on Wednesday it had made a preliminary approach to Kabel Deutschland over a possible offer for the firm, Germany's biggest cable operator. READ () »
The European Central Bank on Tuesday defended its controversial bond purchase scheme, credited with pulling back the eurozone from the brink of collapse last year, in front of the Germany's Constitutional Court. READ () »
Growing numbers of pensioners in Germany receive such meagre state pensions that they have to continue working well into old-age, it emerged on Tuesday. READ () »
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Your comments about this article:
In other words, I don't want to be prosecuted if I should break the law....I'm an MP and above what affects the common man and woman....another "you people" type of comment.
The bosses regret that the reputation of their companies is tarnished. That is obvious, but what motivates the bosses of these companies to do this? For certain, it has nothing to do with honor or morality in the country that is seen in the world as having the highest percentage of money-worshiping, spiritual zombies.
In the Uncle Remus stories, Brer Rabbit begs farmer McGregor, "Please don't throw me into the Briar patch.", when what he wants is just the opposite.
It's no secret that many of these companies have often got caught stealing from the vegetable patch. They understand that the more their reputations are tarnished, the more closely they will be scrutinised and make it more difficult for them to get the goodies for themselves. They know that their partners, the MPs, have no interest in getting off the same gravey train that they are riding together.
In the fifties and sixties there was a well known symbiotic relationship in America called the military-industrial complex. Today, this kind of mutually beneficial relationship exists in Germany between the conservative parties, the judicial system and the former 19th century cartels, which are now the giants of capitalism in modern Germany.
The bosses of industry and finance in Germany know the MPs will do nothing.
It wouldn't make government any better, but at least you could see which companies you're fighting against.
wa