Finance

Employee representatives warn of a "devastatingly wrong decision", adam opel AG sees the planned relocation of astra production to less expensive foreign countries as an important step out of the loss zone.

The works council is trying to reach a solution at the negotiating table for the time being. "The employees’ side has proposed to take over the investments for the production of the next astra generation when it comes to russelsheim", the german press agency learned from union circles on monday.

In order to prevent the planned relocation of astra production in russelsheim to ellesmere port in england and gliwice in poland from 2015 onwards, the employees agreed to forego wage components amounting to around 35 million euros. In addition, efficiency could be increased in order to "counter-finance" the necessary investments.

It is not unusual for a tree to be erected at church fairs and folk festivals, which young people can then climb. At the first rough folk festival in herzogenaurach, held from 27. Until the 30. August 1910, the young people were able to demonstrate their skills on such a tree on the ansbacher.

At this first big folk festival in herzogenaurach in 1910, ten-year-old valentin zink was allowed to carry a plaque in the procession. Justina wirth, later married to welker and the mother of rudi welker, with her long blond hair was the ideal person to represent germania in the procession, as he could remember. The folk festival took place on the so-called geibbockswiese on ansbacher strabe, where an inn was built in the 1950s, which was later named "tiroler carried. This municipal meadow was allowed to be mowed by the keeper of the goat and the grass was used for fodder.

A tree from which the bark had been removed was placed in the square. A 3-mark piece, a so-called "preubentaler," was tied into a red handkerchief at the top of the tree.

A spokesman for the federal ministry of finance confirmed a report to that effect in the "suddeutsche zeitung" on saturday. "We want to move forward," he said, referring to the lack of european regulations.

According to the newspaper, a bill is being prepared in the finance ministry, and the law is to come into force before the 2013 parliamentary elections. The supervisory authority bafin has already sent a circular to the major banks asking them to comment on the plans. In the U.S., wills are already required for rough money houses.

According to the european commission, eu countries had to provide about 1.6 billion euros between 2008 and 2010 to save financial institutions from collapse. The fear was that even the bankruptcy of a single major bank could lead to the collapse of the world financial system due to its global network.