Roberto Abraham Scaruffi

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THE HAIRCUT WAR
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Tensions Worsen Between Berlin and European Central Bank
What's best for Greece and Europe -- a soft debt restructuring or
billions of euros in loans for years to come? Berlin and the ECB
are deeply divided over the best way to handle the crisis. A number of
influential Germans fear the threat of austerity measures could be
greater than a "haircut" of Greek debt.

http://www.spiegel.de/international/europe/0,1518,765601,00.html#ref=nlint

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INTERVIEW WITH EU CURRENCY COMMISSIONER REHN
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'There Is a Certain Aid Fatigue in Northern Europe'
Many in Europe assume that Greece will ultimately have to default on a
portion of its debt. In an interview with SPIEGEL, European Monetary
Affairs Commissioner Olli Rehn, however, insists that debt restructuring
is not on the agenda. He also discusses reports that Athens is
considering a return to the drachma.

http://www.spiegel.de/international/europe/0,1518,765646,00.html#ref=nlint

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ROADMAP FOR THE ENERGY REVOLUTION
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Germany to Phase Out Nuclear Power by 2022
The German government has agreed on a roadmap for phasing out nuclear
power. All of the country's 17 nuclear plants are to go offline by 2021,
with a possible one-year extension for three reactors should there
be the risk of an electricity shortfall.

http://www.spiegel.de/international/germany/0,1518,765594,00.html#ref=nlint

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THE WORLD FROM BERLIN
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Nuclear Phaseout Is an 'Historic Moment'
Angela Merkel's government has decided to phase out nuclear power by
2022, in a reversal of its previous policy. German commentators are
split over the wisdom of the decision, with one newspaper comparing the
move to the fall of the Berlin Wall and another saying it will harm
future generations.

http://www.spiegel.de/international/germany/0,1518,765681,00.html#ref=nlint

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DOOMED FLIGHT AF 447
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Questions Raised about Airbus Automated Control System
It took just three-and-a-half minutes for Air France flight AF 447 to
plunge 11,000 meters into the Atlantic two years ago. An initial
analysis of the plane's data recorder hints at errors made by the
pilots. But questions have also been raised about the A330's automated
control systems.

http://www.spiegel.de/international/world/0,1518,765764,00.html#ref=nlint

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EXPLOSIVE PLANS
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Berlin Split over US Nuke Modernization
The US wants to modernize part of its nuclear arsenal, including some
bombs based in Germany. But the plan is likely to be controversial
in Berlin where the ruling coalition remains divided over whether the
American weapons should be in the country at all.

http://www.spiegel.de/international/world/0,1518,765640,00.html#ref=nlint

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HISTORIAN UNCOVERS NEW ACCOUNT
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Document Suggests Hitler Knew of Hess' British Flight Plans
Was Rudolf Hess's infamous flight to Great Britain in 1941 coordinated
with Adolf Hitler? Although historians have long believed that the Nazi
Party's second-in-command was acting on his own, newly revealed
statements by a senior Hess adjutant may suggest otherwise.

http://www.spiegel.de/international/germany/0,1518,765607,00.html#ref=nlint

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STEVE MARTIN SWINDLED
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German Art Forgery Scandal Reaches Hollywood
The scope of what is believed to be Germany's biggest art forgery
scandal since World War II has reached as far as Hollywood. American
actor Steve Martin bought one of the fake paintings in 2004 and later
sold it at a loss of some 200,000 euros.

http://www.spiegel.de/international/zeitgeist/0,1518,765658,00.html#ref=nlint

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PICTURE THIS
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Shredded Lettuce


http://www.spiegel.de/international/0,1518,765699,00.html#ref=nlint