- Germany edition
- Change edition:
- France |
- Norway |
- Sweden |
- Switzerland
February 4, 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.
- Europe’s German agenda (3 Feb 12)
- Deutsche Bank profits fall as debt crisis bites (2 Feb 12)
- Merkel urges China to press Iran over nukes (2 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
China doesn't want to 'buy Europe'
As German Chancellor Angela Merkel wrapped up her visit to China on Friday, the Asian giant’s leaders promised they had no intention to "buy Europe," amid concerns over growing Chinese investment in debt-stricken eurozone economies. READ »
Public transport fare dodging an 'epidemic'
An alliance of public transportation providers in Germany has called fare dodging a national epidemic and is demanding higher fines up to €120 for repeat offenders. READ »
Deutsche Bank profits fall as debt crisis bites
Deutsche Bank, Germany's biggest bank reported Thursday a bigger-than-expected drop in earnings at the end of last year as the eurozone sovereign debt crisis hurt business. READ »
Euro crisis, earthquakes slam Munich Re profits
Munich Re, the world's biggest reinsurer, said Thursday that profits plummeted last year due to heavy losses from both the eurozone debt crisis and a string of natural catastrophes. READ »
Will Bionade fizz go flat after Dr Oetker takeover?
Trendy German soft drink maker Bionade could lose its cult cachet after being bought out by un-hip food giant Dr Oetker, a firm best known for cake mixes and frozen pizzas. READ (1 COMMENT) »
EU blocks Deutsche Börse merger with NYSE
Deutsche Börse, which runs the Frankfurt stock market, said Wednesday that the EU Commission in Brussels had told it that its planned merger with NYSE Euronext has been blocked. READ »
ThyssenKrupp sells stainless steel business
German industrial giant ThyssenKrupp said Tuesday it has agreed to sell its stainless steel unit Inoxum to Finnish group Outokumpu in a deal which valued the business at €2.7 billion ($3.6 billion). READ (1 COMMENT) »
Robust economy leaves long-term jobless behind
Long-term unemployed people are still having difficulty finding a job despite Germany’s robust economy in recent years, according to a media report on Tuesday. READ (2 COMMENTS) »
China's Sany to buy Putzmeister
Putzmeister, a German family-owned engineering firm, is to being taken over by Chinese construction equipment giant Sany Heavy Industry, the German company said on Monday. READ (7 COMMENTS) »
German firms expect robust exports in 2012
Germany, the world's number two exporter, expects healthy growth in foreign demand for its goods this year thanks to booming emerging markets and a nascent US recovery, according to a report on Monday. READ (1 COMMENT) »
- 28/01 Germans spend €150 million on hold (5 comments) »
- 27/01 Deutsche Bank boss sees Greece debt deal (5 comments) »
- 27/01 Germany rakes in record tax income (4 comments) »
- 26/01 Hope dwindles for NYSE- Deutsche Börse merger »
- 26/01 Soros damns German handling of euro crisis (23 comments) »
- 25/01 Deutsche Post rejects EU demand to repay €1 bln (3 comments) »
- 25/01 Business confidence gets early 2012 boost »
- 24/01 Bosch makes billion-dollar US acquisition (3 comments) »
- 24/01 Siemens suffers profit collapse (4 comments) »
- 23/01 Minister: Markets trust eurozone again (5 comments) »
See all ads | Join the Marketplace
-
Greenback Expat Tax Services
US expat tax preparation services, specializing in Americans living in Germany -
British Corner Shop
British Corner Shop is the online supermarket for British Expats. -
Greenback Expat Tax Services
US expat tax preparation services for American owned companies in Germany -
Get Grocery
Online shop for wide range of authentic Indian food in Germany/EU -
tolingo professional translation service
fast and reliable translations in over 35 languages -
British Allsorts
Your Corner shop in Munich -
Keith Tanner - Postbank Vermögensberatung
Your British adviser at major German bank
1305 jobs available
783 new jobs this week
0 new jobs today
- IT Infrastructure Architect (f/m)
- Virtual Prototype Engineer - 614514
- UMTS Verification Engineer - 613813
- Health, Safety & Environmental Engineer Cummins Generator Technologies
- Electrical Design Engineer, Ingolstadt
- Controller
- Finance Manager
- Jobs in Ireland, German and English Required
- Clinical Research Associates, Home Based, Germany
- Sales Manager EMEA
- 03/02 New bidder in the Saab saga shows its hand »
- 03/02 Volvo group announces record sales for 2011 »
- 03/02 TeliaSonera reports profit drop for 2011 »
- 02/02 AstraZeneca job cuts hit Södertälje hard »
- 02/02 Europe's banks set for years of 'shrinkage': Borg »
- 01/02 'Underclass-safari' post lands official in trouble »
- 01/02 Supreme Court denies Pirate Bay right to appeal »
- 31/01 ABB irked by link to Norwegian killer »
- 31/01 Sweden gets a seat at the eurozone table »
- 30/01 Wheelchair-bound shoplifters flee on foot »
- Unruly Art Neighbor as Guest – Polish Art in Berlin
Occasioned by Poland’s EU Presidency, there were a series of exhibitions in Berlin in late 2011. - Different from the Rest of the World – The Berlin Foundation “Respekt!”
Inside knowledge about the techno, punk and hip-hop scenes is collected by the Archive of Youth Cultures. - In the Eye of the Storm – Berlinale Director Dieter Kosslick in an Interview
Some 400 films will be screened over a period of eleven days at the Berlinale. - Glowing cavernous temple to the printed world – the new Stuttgart City Library
The new city library is evoking polarised opinions among the people of Stuttgart. - From Freedom to Music: The Luther Decade Progresses
As part of the Luther Decade, the build-up to the 500th anniversary of the Reformation in 2017 includes eight theme years.
- 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...
- 01/02 Need help to move stuff? Man with a van
- 30/01 VISITING AFRICA CHOOSE GHANA
- 30/01 Wine & Sensor Course
- 28/01 Wanted Partner
- 27/01 Tempelhofer Photographer
- 27/01 Cave House for sale in Granada Region
- 06:23 If you see any homeless freezing on the streets
- 05:52 Youtube blocked in Germany, Gema the plonkers
- 04:07 Immigration lawyers in Munich
- 03:14 Oktoberfest jobs
- 02:34 Need a chicken drumstick recipe
- 02:11 Country settings for iTunes Store
- 02:07 Running: Half-marathon training partners
- 02:07 NRW: What are the best and worst things about it?
- 01:28 Is John Terry a racist?
- 01:24 Now Grooveshark is blocked due to GEMA
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!
