German bankers second best-paid in Europe

German bankers are the second-best paid in Europe, with 170 earning more than €1 million a year. The largest number of millionaire bankers are in the UK, but the best paid are those in charge of the crisis-hit Spanish banks.

German bankers second best-paid in Europe
Photo: DPA

According to figures from the European Banking Authority, 3,175 bankers in the region earned more than €1 million in 2011. A full 77 percent (2,436) of these were based in Britain, Der Spiegel reported on Tuesday.

Yet although there were fewer German bankers raking in over a million every 12 months, they generally earned more than their British counterparts – while the Brits earned an average of €1.44 million, the top-earning Germans were paid an average of €1.84 million.

It is the first time the authority has issued an overview of top earners in the sector, the magazine said.

The French had the third highest number of bankers stashing away upwards of a million, with 162 earning an average of €1.59 million.

The 44 top earners in Spain earned the most, with an average of €2.5 million, two-thirds of which consisted of bonuses. This was an increase of eight percent over what they were paid in 2010.

The Local/DPA/hc

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Emergency numbers fail in several German states

Callers to the emergency numbers 110 and 112 weren’t able to reach operators Thursday morning in several German states.

The 112 emergency number on an ambulance.
The 112 emergency number on an ambulance. Photo: picture alliance/dpa | Boris Roessler

The emergency number 110 for police and 112 for fire crews failed around the country early Thursday morning, with callers unable to reach emergency operators for urgent assistance between about 4:30 am and 5:40 am local time.

The Office for Civil Protection and Disaster Aid is looking into these outages, which were reported in states including Lower Saxony, Baden-Württemberg, and  Brandenburg, and in major cities like Berlin, Cologne, Hamburg, and Frankfurt. Cologne was further affected by cuts to electricity, drinking water, and regular telephone services. Lower Saxony also saw disruptions to the internal phone networks of police and hospitals.

Emergency services are not reporting any more disturbances and people should be able to once again reach 110 and 112 around the country as normal.

Investigators are looking into the problem, but haven’t yet established a cause or any consequences that may have happened due to the outage. Provider Deutsche Telekom says they have ruled out the possibility of an attack by hackers.