Roberto Abraham Scaruffi

Monday, 16 January 2012


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COSTA CONCORDIA DISASTER
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Rescue Workers Search Desperately for Survivors 
The death toll in the Costa Concordia disaster has risen to six after a
body was found early on Monday. Sixteen people are still missing. Rescue
workers described the treacherous conditions aboard the ship, which is
lying on its side off the Italian island of Giglio.

http://www.spiegel.de/international/europe/0,1518,809265,00.html#ref=nlint

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Photo Gallery: The Costa Concordia Disaster
http://www.spiegel.de/fotostrecke/fotostrecke-77393.html#ref=nlint


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UNPOPULAR EU PROPOSAL
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'Made in Germany' Label At Risk
The European Union wants to tighten controls on the rules that
determine which products can carry the "Made in Germany"
label. Germany's leading industry group is outraged, warning the move
could hinder the success of the world's second-largest exporter.

http://www.spiegel.de/international/business/0,1518,809300,00.html#ref=nlint

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UN FOOD AND AGRICULTURAL CHIEF
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'Speculation Is an Important Cause of High Prices'
In a SPIEGEL interview, José Graziano da Silva, 62, the new head of the
United Nations aid organization FAO, discusses his plans to combat
hunger as well as his efforts to limit speculation and the impact it has
on dramatically fluctuating food prices.

http://www.spiegel.de/international/world/0,1518,809289,00.html#ref=nlint

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ADOLF FOR EVERYONE
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'Mein Kampf' Extracts To Be Sold in Germany
A British publisher plans to sell excerpts from Hitler's "Mein Kampf" in
Germany, claiming he wants to demystify the infamous book. But the
controversial move could provoke a legal dispute with the Bavarian
government, which owns the copyright and refuses reprint permission.

http://www.spiegel.de/international/germany/0,1518,809367,00.html#ref=nlint

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THE WORLD FROM BERLIN
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'There Is No American Ratings Conspiracy'
Several German politicians have reacted angrily to the decision by
Standard and Poor's to downgrade the ratings of nine euro-zone member
states on Friday, complaining that the euro is "under attack." German
commentators scoff at the idea on Monday, but say that the agencies have
too much power.

http://www.spiegel.de/international/europe/0,1518,809353,00.html#ref=nlint

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PARTING SHOT
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Ex-Chief Economist Slams ECB Bond Purchases
The former chief economist of the European Central Bank wrote a farewell
letter to the bank's staff in which he criticized the policy of buying
bonds issued by ailing euro-zone states, SPIEGEL has learned. The ECB
was wrong to subordinate itself to the needs of fiscal policy, and could
not solve the problems of the euro zone, he wrote. 

http://www.spiegel.de/international/europe/0,1518,809288,00.html#ref=nlint

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TEMPORARY RESPITE
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Why ECB's Tricks Won't Solve the Crisis
Ever since the European Central Bank began flooding the markets with
cheap money, European banks have rediscovered their taste for sovereign
bonds. But the crisis is far from over, as Standard and Poor's recent
raft of downgrades showed. Some bankers are saying it's just a matter of
time before yields on peripheral bonds shoot up again. By SPIEGEL Staff

http://www.spiegel.de/international/europe/0,1518,809374,00.html#ref=nlint

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SPIEGEL INTERVIEW WITH LINDE CEO
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'I Don't Believe the Euro Should be Rescued at All Costs'
In a SPIEGEL interview, top German industrialist Wolfgang Reitzle argues
that Germany should withdraw from the currency union if Europe's
crisis-ridden countries fail to push through reforms. But whatever
happens, Greece will have to leave the euro zone, he warns.

http://www.spiegel.de/international/business/0,1518,809341,00.html#ref=nlint

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CREATIVE CAPITAL
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Commerzbank Seeks To Avoid Nationalization
Germany's second largest bank is looking at other options to increase
its capital by 5.3 billion euros in order to avoid another government
bailout. This week, the bank must submit plans to increase its capital
to the European Banking Authority.

http://www.spiegel.de/international/business/0,1518,809332,00.html#ref=nlint

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OKTOBERFEST UPGRADE
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German President Received Hotel Bill Help
More damaging details have emerged in the personal finance scandal
surrounding German President Wulff. Chancellor Merkel says she remains
supportive, but would like to see him address unanswered questions.

http://www.spiegel.de/international/germany/0,1518,809352,00.html#ref=nlint

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INTELLIGENCE SHAKE-UP
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Official Fired Over Failed Neo-Nazi Investigation
The first head has rolled at Germany's domestic intelligence agency in
response to its failure to track down an allegedly murderous neo-Nazi
terrorist cell for over a decade. The departmental head in charge of
right-wing extremism has been replaced by an expert on combating
Islamist terrorists.

http://www.spiegel.de/international/germany/0,1518,809402,00.html#ref=nlint

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PICTURE THIS
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Glass Ceiling


http://www.spiegel.de/international/0,1518,809421,00.html#ref=nlint