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Germans scared about their money in Iceland

Posted by: msunada | October 15, 2008 Comments Off on Germans scared about their money in Iceland |

According to WELT ONLINE, over 30,000 Germans are currently scared about money they have in accounts with Iceland’s largest bank Kaupthing Edge, after they were unable to access their accounts via online banking.
This effect of the global financial crisis on individual accounts concerns a sum of 308 Mio. Euro. Accounts were frozen on October 9, 2008 after the bank was nationalized. The state has seized control of three of the nation’s major banks.
At this point, what will happen about the money is still up in the air. The German branch in Frankfurt has not made any official announcements yet, but it is very unlikely that things will go back to normal in the near future.
Read more about the effects of the financial crisis on Germany on http://www.welt.de/finanzen/article2532842/Die-Deutschen-und-ihre-Angst-ums-liebe-Geld.html
and scroll to the very bottom for quotes from different groups in society – the law student from Berlin, the pensioner.
Here’s a ZDF clip on the effects of the financial crisis on Germany http://www.youtube.com/watch?v=B-V2D8NHjdM&feature=user and a DIE ZEIT clip about what people in the street think about it http://www.zeit.de/video/player?videoID=20081009450fbf
Read foreign websites: With Wordchamp (http://www.wordchamp.com/lingua2/Home.do but you can just type in “Wordchamp” at computers on campus), you can read articles from 4 German newspapers with English translations. Click on ‘Web Reader’, then hit ‘Read Foreign Websites’, choose ‘German’ and choose an article from Die Zeit, Die Welt, Spiegel or Stern. Putting the cursor on the words you don’t understand will give you translations other users have put in. Clicking on them will add them on a list in the top right corner so you can save of vocabulary lists.
If you create a Wordchamp account, make sure you use your WU email address so the program can recognize you as a WU student. Willamette bought an account from Wordchamp so we could use all of their services.
American perception of Germany has changed
For a survey conducted by the “German Information Center” of the German Embassy in Washington last month, 1000 Americans voiced their opinion about Germany. 49 % said they are interested in Germany and their view of “modern Germany” is a predominantly positive one, even after the controversies about Iraq. A third of all interviewees consider German-American relations excellent or very good, only 4 % consider them bad. In 2003, at the peak of the diplomatic resentments, only 17% of all interviewees said they had a positive image of Germany.
Beyond Lederhosen and Bratwurst, Germany has come to stand for the export of high-tech products and is considered an important contributor to international academic research. Other aspects mentioned were an abundance of cultural events in Germany and a lively music scene.

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