Thursday, 13 March 2014

German central bank posts biggest profit since 2008

German central bank posts biggest profit since 2008
Following a couple of meager years, German Finance Minister Wolfgang Schäuble will be able to boost the federal budget with higher-than-expected profits made by the country's central bank.
The Bundesbank announced Thursday its net earnings for 2013 came in at 4.6 billion euros ($6.42 billion), 2.6 billion euros more than had been penciled in by the government in Berlin. The figure for last year compared with only 664 million euros a year earlier and marked the largest profit since 2008.
Bundesbank chief Jens Weidmann (pictured) said 2013 earnings were largely due to over seven billion euros in yields on capital accrued despite record-low interest rates.
Optimistic outlook
Weidmann said no more risk provisions had to be built up last year after signs of a nascent pickup in eurozone economies.
'The necessary alignment measures in the wake of the debt dilemma have come a long way in the nations hit hardest by the crisis, and confidence among market players is returning slowly, but surely,' the central bank chief said in a statement.
Weidmann mentioned the negative impact of plunging gold prices, with the Bundesbank's reserves now valued at 88.1 billion euros, down a third from a year earlier. The bank is currently in the process of repatriating its bullions stored in New York and Paris. By 2020, half of the country's gold reserves, about 3,400 tons, are to be based in Germany itself

Death of Gezi Park protest victim enrages Turkey

Death of Gezi Park protest victim enrages Turkey
Tens of thousands of people gathered around the Alevi mosque in Istanbul's Okmeydani neighborhood Wednesday (12.04.2013) afternoon. The large crowd flocked to the funeral of 15-year-old Berkin Elvan. The boy had been in a coma for 269 days after he had taken a police bullet to the head last year during the Gezi Park protests.
According to media reports, Elvan wasn't a protester, but had merely left the house to buy bread. When Elvan died Tuesday morning, he only weighed 16 kilogram (35 pounds). He is the eighth person, including one police officer, to die in the protests against Prime Minister Recep Tayyip Erdogan's government.
The boy's mother blamed the prime minister for her son's death. 'It wasn't God who took my son - it was Erdogan,' she told journalists, crying.
President Abdullah Gül offered the family his condolences. In an interview with the Turkish newspaper 'Hürriyet,' he said he would 'do everything in my power so something like this won't happen again.'
Revitalizing the protests
After the funeral, the enraged crowd marched to the center of Istanbul. Among the protesters were students and parents, but also members of a variety of Turkish parties: the pro-Kurdish People's Democratic Party (HDP) and the Kemalist Youth Union of Turkey (TGB), as well as the workers' party and the anarchists. Posters showed photos of the eight victims.
Elvan's death has brought the people back out onto the streets all over the country. Protesters and police clashed in Ankara, Istanbul, Izmir and other cities, with tear gas and water cannons being used.
Berkin Elvan has become a symbol
Protesters have called Erdogan and his government 'murderers' and announced their intention to take further action. 'Ever since Gezi Park, we're all fighting together, here, on the streets,' Emir Kilici from the Taksim Solidarity Platform told DW. 'Berkin's death and the death of all the victims are a symbol for us and our resistance.'
Kilici called his country's leadership a 'fascist government' and said Erdogan was a dictator.
'This dictatorship is spreading across the whole country, without any feeling of shame,' he said. 'After all this corruption, the government doesn't even feel the need to offer an explanation to the country. We will take to the streets again and again to protest the AKP-dictatorship.'
Sinan Birecik from the Youth Union of Turkey was also fuming about the 'fascist behavior of the government' and about the police attacking protesters. He said the protests came from the people and they were going to 'prove that the government has to pay for its actions in the coming elections.'
The protesters' only demand is that the government step down, 25-year-old Efe Özal told DW, adding, 'Until that happens we'll keep going out into the streets.' Supporters of the pro-Kurdish HDP felt the same way, the student said.
Death by teargas
Police had blocked streets during the protest on Wednesday. In the early afternoon, they used water cannons and tear gas to split up the crowd. Protesters reported the officers also fired plastic pellets. The protesters, in return, threw stones and fireworks at the officers. Protesters in Istanbul erected barricades and set fire to piles of garbage.
Many people sought refuge in shopping malls, but those were hit with tear gas as well. 'Hürriyet' reported at night that a police man had died of a heart attack in a cloud of tear gas. Numerous victims had to be treated in hospitals.
Human Rights Watch criticized police violence in Turkey and the lackluster investigation of the Berkin Elvan case: 'Police violence against demonstrators is an endemic problem in Turkey,' the NGO's Emma Sinclair-Webb wrote in a statement on the organization's website. 'A culture of impunity is entrenched. Berkin Elvan, the boy in the coma who never woke up, has become a symbol of Turkey's record of police violence and lack of accountability. Berkin and his family deserve justice.'

Berlin is ‘over,’ but so what?

Berlin is ‘over,’ but so what?
They've been acclaiming it ever since the fall of the Berlin Wall: the coolest metropolis in the world, with a sassy nightlife and naughty clubs, the city where the only rule is anarchy and the beer accompanying it costs close to nothing. Germany's capital - or, to put it more accurately, the capital of sex, drugs and rock 'n' roll. At least it used to be, according to the press.

This news was like a knife to the heart for Berliners, who've never had any doubt that their life is all about being out of the box. And now their beloved city is just plain out. For the diehard Berliner, the whole world has obviously gone crazy.

Berlinis dead. Long live Berlin

It all started with a review of Berghain - aka the best club in the world - by Rolling Stone magazine. The underground techno temple, located in a gloomy industrial building in what used to be East Berlin has been described as an almost 'religious experience,' and, with Berlin's post-reunification boom, quickly went from insider's tip to tourist magnet.
Despite the fact that the club's door policy is as rigid as its architecture, the so-called easyJet crowd (revelers who come to Berlin from out of town for the weekend) sheds a whole new light on Berghain's insider philosophy and on Berlin's state of mind in general. If Berghain is over, so is Berlin.

Following the Rolling Stone article, the New York Times, and Germany's Tagesspiegel and Süddeutsche Zeitung, plus a number of social media platforms had their take on the story. All with the same conclusion: Berlin is passé, what now? 

The New York Times quotes a 25-year-old artist from New York who compared Berghain with Brooklyn, saying that they're both creative spaces that have turned into middle- or even upper-middle-class societies.

So how come did the Mecca of cool become redundant seemingly over night? As a Berliner, I've been trying to explain it to myself and to my brothers and sisters in suffering. There are only two possibilities: Either we brought this on ourselves, or we're facing a worldwide conspiracy.

Revolution against evolution

Theory number one: We brought it on ourselves. Who's been frowning on the southern Germans who've moved to the capital in droves and brought with them too many German stereotypes for the Berlin spirit? And what about the international tourists bringing in billions of euros and furthering the hyper-modernization of the city? Who's been ranting about shabby corners becoming too chic?
Berliners have been complaining so loudly that the world overheard us - and now they're holding it against us. And it's not just the complaints - our praise of our beloved capital as the sexiest corner of the world (the author of this article being a repeat offender) equally piqued the attention of people all over the globe. Did we really expect no reaction?

On the other hand, I don't see what's so bad about evolution. I know that my rent has skyrocketed; I know that from my window I now have to look at a modern building made of concrete instead of the former beach bar we used to go to after work. Yes, some clubs have closed down or moved or been renovated. There are more fancy restaurants than there were 10 years ago, and the food is clearly more expensive. Altogether, the anarchy has calmed down a bit.
But so what? I like this constant dynamism. Of course, New York, London or Paris underwent these same changes long ago. But we Berliners don't approve of such comparisons, since we ought to stand out.

Theory number two: the conspiracy. I've read dozens of surveys indicating that Berlin will always get a top rating. Best value for tourists' money, greenest metropolis in Europe, most innovative design, hottest clubs, cheapest fun.
The whole world remembers David Bowie saying that Berlin is the place where he experienced freedom like nowhere else. From that moment on, he became our personal hero. Berlin is the embodiment of freedom and there might be some of you out there who know what I'm talking about.
After so many years of hearing all this about Berlin, the world is probably getting annoyed with us repeating ourselves like a broken record, and like the headlines of glossy magazines emphasizing Angelina Jolie's beauty for the millionth time. Eventually, you get it. As a result, the world may just have set up a conspiracy to belittle ultra-sexy Berlin and steal back the spotlight.

Inside job 

According to my first theory, the world would do many Berliners a huge favor by looking the other way for a while and not booking any easyJet flights. As for myself, I don't mind Berlin being in the spotlight and I couldn't care less if other people from other continents think it's become boring. What I know for sure is that since I set foot in Berlin many years ago and not a day has passed without this city surprising me in a way or another, and this city has plenty more surprises up its second-hand designer-label sleeves. 

Wait a second. A third theory has just occurred to me. What if the Berliners themselves are behind the bad press? If they can scare enough people away, then they can continue enjoying their cheap beer undisturbed in their favorite shabby cafes on graffitied street corners.
If you ask me, though, it won't work, because deep down everyone know that Berlin will never be boring.

Rein Gold’ gives Wagner a techno, Marxist spin

‘Rein Gold’ gives Wagner a techno, Marxist spin
Austrian Nobel Prize winner Elfriede Jelinek's new play 'Rein Gold,' set to songs from Richard Wagner's 'Ring' cycle, ranges from the tedious to the brilliant. Its premiere this week at the Staatsoper Berlin drew a younger crowd than usual to the renowned opera house, with around a third of audience standing out from the sea of white hair and elegant women's hats.
Jelinek's 'Rein Gold' updates the storyline from the first opera in Wagner's four-part masterpiece and puts criticism of modern capitalism at its core. Wotan, played by Jürgen Linn, decides to take on a mortgage to build Valhalla, but his daughter Brünnhilde (Rebecca Teem) is conflicted. The actors playing Wotan's children - Philipp Hauss, Katharina Lorenz, and Sebastian Rudolph - also alternate into speaking roles attributed to Wotan, Brünnhilde and Siegfried. That makes for a complex production in which some roles, like Wotan's, are taken on by more than one actor over the course of the performance.
The children hate the idea of Valhalla being built with money from the bank and accuse their father of enslaving himself to the finance industry. Wotan responds to their protests in song, drawing in part on the score to Wagner's 'Ring' cycle.
But the music for the over three-hour production, which ranges widely from opera to electronica, is unlikely to be to Wagner purists' tastes. At one point, Linn belts out an opera-inflected rendition of 'No More Heroes' by English 80s punk bank The Stranglers. At another, the actors engage in a series of monologues that are set to soft electronic music.
Heavy-handed criticism
Jelinek's play makes frequent reference to anti-capitalist critique, with the actors delivering lines like, 'Huge amounts of money are being moved around, but nothing comes of it,' 'Property itself is theft, and, in the end, we are all thieves' and 'Even God has become a slave to money.'
At one juncture, actors wheel out a piano and a platform filled with synthesizers and computers - seemingly in an effort to suggest how the worlds of modern finance and technology can collude to render workers obsolete. Hauss motions to the orchestra members' empty seats, and then the synthesizers, exclaiming, 'These machines have replaced the workers!'
Long before the play reaches its climax, older audience members begin to exit the opera house in droves. But they leave many of their younger counterparts glued to their seats.
What the frustrated theater-goers may not realize is that many of the ideas about property and money in Jelinek's work stem from Wagner himself - in particular, from his essay 'Die Revolution' (The Revolution), written in 1849 and published in the playbill.
Strong performances, brazen effects
When it comes to Wagner's music, the performances are quite strong at points. But the script often calls on the actors to talk - loudly, into microphones - while Brünnhilde and Wotan are singing. As Linn sings snippets of 'Wotan, Gemahl, erwache!' from Wagner's 'Das Rheingold,' Lorenz begins shouting at him, 'Why do you promise me a hero? You always make promises that you don't deliver on!'
The stage effects are also bold and jumbled, featuring waste paper basket fires, Brünnhilde dressed as a 1950s Stepford wife and money that rains down on the stage, followed by bodies dropping from the ceiling. An actor dressed in a pink panther costume places the bodies into garbage bags - the pink cartoon figure being a reference to the symbol used by the German neo-Nazi group NSU, who killed Turkish and other immigrants with seeming impunity over the course of a decade.
The Rhine maidens fondle the pink panther while singing, 'Germany is ending as a nation, but at least it has learned to have a sense of humor.'
Meanwhile, Wotan drives on stage in a 1970s VW camper - the roof of which is on fire. Then, the actors reenter, riding bicycles around a bellowing Wotan and thrusting up signs with messages such as, 'Germany, the future is in your hands.'
Musically on the safe side?
Though visually striking, the production includes some questionable choices, like forcing the stage actors to croak out arias alongside seasoned Wagnerian singers like Teem and Linn.
However, the work proves that Wagner's music can mesh with the right electronic effects - for a lovely result.
The scene in which the Rhine maidens sing the famous central motif of 'Das Rheingold' offers one example. Draped sensually, like Las Vegas lounge singers in their sequin dresses, the maidens sometimes whispered, sometimes belted out the Rheingold song. Some of their many renditions were set to rumbling bass notes from modular synthesizers (operated by Thomas Kürstner and Sebastian Vogel) and to David Robert Coleman's piano accompaniment.
There was no shortage of musical dabbling on stage. But in talking with the younger people in the audience - and perhaps those older Wagnerians who stayed for the entire hours-long affair would have agreed - there was a shared sense of wanting more musical experimentation than Jelinek's 'Rein Gold' provides.

European Parliament backs common mobile phone charger

European Parliament backs common mobile phone charger
The European Parliament on Thursday approved by 550 votes to 12 an amendment to the bloc\'s radio equipment laws, paving the way for a common charger for mobile devices to be made available to consumers by 2017.
Rapporteur Barbara Weiler said she was particularly glad the modernized Radio Equipment Directive now included details on the introduction of such a charger for mobile phones, tablets and other mobile devices from producers such as Nokia, Sony, Apple, Motorola and Samsung.
'This serves the interests both of consumers and the environment,' Weiler said in a statement. 'It will put an end to charger clutter and 51,000 tons of electronic waste annually.'
Greater monitoring powers
European lawmakers also backed provisions that would give authorities additional market surveillance tools to detect radio equipment products which failed to comply with new safety and non-interference rules.
The draft law only has to be formally approved by the European Council, comprising the EU's heads of state.
The EU's executive commission will negotiate the optimal design with device manufacturers over the coming months.
The EU`s 28 member states will be given two years to incorporate the changes into national legislation, while manufacturers of mobile devices will have an additional year to comply.

Lufthansa airline pays higher dividend despite lower profit

Lufthansa airline pays higher dividend despite lower profit
Lufthansa's net profit for 2013 slumped to 313 million euros ($436 million) from a 2012 bottom line of 1.2 billion euros, Germany's biggest airline announced in its 2013 annual report released Thursday.
The drop by 75 percent had been expected, the airline said, as the 2012 result had largely been boosted by non-recurring income from transferring operations at its Austrian Airlines subsidiary. Moreover, 2013 earnings had been depressed by restructuring costs such as severance pay for laid-off workers, it added, as well as by outlays for projects such as changing seats in Lufthansa's Business Class.
Stripping out the one-off effects, operating profit jumped by 62.1 percent to 1.042 billion euros last year on the back of slightly lower revenues of about 30 billion euros.
Noting that Lufthansa's earning power had again been strengthened in 2013, Chief Executive Christoph Franz said that the airline's performance had been driven primarily by rising passenger numbers.
'This performance in our core business segment has prompted us to propose to the annual general meeting that a dividend of 0.45 euros be paid,' Franz said in a statement.
Lufthansa last paid a dividend in 2011 - one which was considerably lower at 0.25 euros per share.

De Kerchove: ‘Terror threat still present in Europe’

De Kerchove: ‘Terror threat still present in Europe’
Deutsche Welle: Ten years ago, on March 11, 2004, terrorist attacks on trains in Madrid killed 191 people and left 2,000 people injured. How would you evaluate the threat that exists today?
Gilles De Kerchove: I would say that the threat has changed a lot not only since the Madrid bombings but since 9/11. At the time we were confronted with an organization - Al Qaeda, which was very well-structured, like a multi-national company. It has morphed into something completely different. We now have franchises of al Qaeda everywhere in the world. We have seen some 'lone wolves' - people acting by themselves with no link to the al Qaeda core. And we have recently seen a rise of Europeans going to Syria - going there to fight. And that raises a specific security challenge.
Are al-Qaeda-related or inspired groups the main threat or has the threat also shifted to other groups?
The threat raised by al-Qaeda-directed or al-Qaeda-inspired groups remains the most important terrorist problem for Europe. Of course we've had cases in Germany where migrants were killed by right-wing extremists, we've had [Norwegian terrorist Anders Behring] Breivik. We probably have to work a bit more on that. But the threat related to al Qaeda remains the main threat.
How is Europe connected to conflicts taking place in countries like Afghanistan or Syria?
What we see - and that's one factor that amplifies the threat - is that we have more failing or failed states. And we know that these types of groups want to avail themselves of failing states to regroup, to train, to reinforce themselves. And therefore, for the time being, one of the challenges with the so-called Arab Spring countries is that many of these countries had to dismantle their security services - because they were the arm of repression. And they are weaker than they were before because these are democracies under construction.
And this raises an additional challenge because as I said these groups are very mobile. Afghanistan - and you could also mention Iraq - is in deep trouble. Also the countries around Syria, and Egypt with the Sinai, where we see many different groups regrouping. Libya is very weak at the moment. In the southern part of Syria we have a hotspot as well. All these [countries] constitute an important challenge for the European Union. And that should lead us to do more to help them to rebuild their security apparatus.
You mentioned so-called homegrown terrorists - people who have grown up in Europe and go to these 'hotspots,' to return radicalized. How great is the threat from people like that?
The conflict in Syria plays an important role. It is a real magnet. We probably have more than 2,000 Europeans who have been or are getting back from Syria. It's a possible threat because there they get training, they know how to use a Kalashnikov and build a bomb. They will have a network of friends from all over the world. We know from studies that in recent years 60 percent of the attacks have involved someone who was trained abroad, who had fought abroad. And therefore we have to define a smart policy to handle the returnees in the best way possible.
Do you think Europe's coordination of the fight against terror has improved?
We have made a lot of progress. I think we have managed to define an EU policy that is pretty balanced - where we try to not only mobilize the police and criminal justice but we try to invest in prevention. We are more engaged in third countries, we now have specific financing programs to help third states to beef up their capability as well. But the Treaty [of Lisbon] says [member states] are solely responsible for their national security. The European Union is there to help the member states, to make them more effective but we're not there to replace the member states.
Through an intense cooperation between the different security and intelligence services and the police and so on, all member states have been able to prevent concrete attacks. It's not always publicized, sometimes you need to stay discrete. But indeed we have not had a major terrorist attack since the Madrid and the London bombings.
Cooperation with the US is also seen as key to successful counter-terrorism. In light of the recent scandal over the NSA's data collection, how important is collecting all this data in the fight against terrorism?
We need close cooperation with the US. It is a huge provider of intelligence, and it shares a lot of it with all member states and helps us a lot. I've always been in favor of reinforcing transatlantic cooperation even further. We should keep investing in that relationship. On the other hand, the leaks from [Edward] Snowden have raised a lot of concern in terms of privacy. And that's one of the stumbling blocks in our relationship. We would like [the US] to recognize and better protect the privacy of EU citizens.
Do you think an overarching Euopean secret service would be a good idea?
The Treaty of Lisbon is very clear […] that national security remains the sole competence of the member states. The 28 member states are not ready to let the European Union develop an intelligence capacity for the time being. One day you may think that could be developed but that's for after my retirement I'm afraid.
Ten years on, would you say that attacks like the ones in Madrid could never happen again?
No. There is nothing like 100-percent security. But it's much less likely. We share more data, we are much smarter than we were before. But especially in regard to the more than 2,000 Europeans who have been to Syria […], it's very difficult to say that we won't have any attacks. That's why we need to remain extremely vigilant and well-prepared.
Gilles de Kerchove (57) is the second counter-terrorism coordinator the EU has seen. After years working as a legal expert in the European Council, he also teaches European law at several Belgian universities. The position of counter-terrorism co-ordinator was created in March 2004 following the terrorist attacks in Madrid. The first person to take on the job was Gijs de Vries, who resigned in 2007 complaining that member states were not willing to cooperate, undermining his position authority.