Shares prices fell and rose again in Frankfurt on Wednesday as the US Federal Reserve enacted an emergency 75 basis point cut. During the afternoon, the Dax, a composite index of the 30 biggest German companies, had fallen almost 6 percent and was at 6386 points, its lowest point since December 2006.
Günther Oettinger, centre right party CDU member and Minister President of Baden-Württemburg suggested a plan to save millions of euros, ending child allowances to families of imprisoned adolescents. The premier of the state in south western Germany argues that children who are in jail cost their families a negligible amount of money, as the state provides for youths while they are in prison.
Bonn city employees are giving up their Nokia phones in solidarity with the soon to be unemployed Bochum residents.
A participant has been expelled from a popular German reality television show after he performed a Nazi salute.