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German Divergence in the Construction of the European Banking Union
The End of Bilateralism in Europe? An Interest-Based Account of Franco- German Divergence in the Construction of the European Banking Union Honorable Mention, 2019 John Dunlop Thesis Prize Christina Neckermann May 2019 M-RCBG Associate Working Paper Series | No. 119 The views expressed in the M-RCBG Associate Working Paper Series are those of the author(s) and do not necessarily reflect those of the Mossavar-Rahmani Center for Business & Government or of Harvard University. The papers in this series have not undergone formal review and approval; they are presented to elicit feedback and to encourage debate on important public policy challenges. Copyright belongs to the author(s). Papers may be downloaded for personal use only. Mossavar-Rahmani Center for Business & Government Weil Hall | Harvard Kennedy School | www.hks.harvard.edu/mrcbg The End of Bilateralism in Europe?: An Interest-Based Account of Franco-German Divergence in the Construction of the European Banking Union A thesis presented by Christina Neckermann Presented to the Department of Government in partial fulfillment of the requirements for the degree with honors Harvard College March 2019 Table of Contents Chapter I: Introduction 3 Statement of question and motivation - 3 Banking Union in the era of postcrisis financial reforms - 6 Outline of content and argument - 11 Chapter II: Theoretical Approach 13 Review of related literature - 13 Proposed theoretical framework - 19 Implications in the present case - 21 Methodology - 26 Chapter III: Overview of National Banking Sectors -
Complete Protocol
133rd Bergedorf Round Table Reforms in the Middle East How Can Europe and the US Contribute ? March 17–19, 2006, Washington, D. C. CONTENTS Picture Documentation 1 Participants 20 Summary 21 Protocol Welcome 23 I. EU and US Approaches 24 1. Definitions of the Middle East 24 2. EU and USA: Strengths, Weaknesses and Common Ground 25 3. The Middle East After the Invasion of Iraq 39 4. Guantanamo and Abu Ghraib 44 II. Regional Perspectives 47 1. The West and the Region’s Autocrats 47 2. Perceptions and Prejudices 51 3. The Arab-Israeli Conflict 56 4. Causes of Radicalism 58 5. Can the Middle East be Democratic ? 60 III. What Should Be Done ? 75 1. The Arab-Israeli Conflict 76 2. Iran 81 3. Instruments and Partners for Reform 89 4. Iraq 97 5. Transatlantic Cooperation 99 Annex 6. Turkey and Lebanon — Models for the Region ? 103 Participants 110 Recommended Literature 118 Glossary 120 Index 128 Previous Round Tables 132 The Körber Foundation 143 Imprint 144 INITIATOR Joschka Fischer, MdB fmr. German Foreign Minister, Dr. Kurt A. Körber German Bundestag, Berlin MDg Dr. Horst Freitag Director General, Near and Middle Eastern Affairs and CHAIR the Maghreb, Federal Foreign Office, Berlin Dr. Werner Hoyer, MdB Dr. Theo Sommer Deputy Chairman and Spokesman for Foreign Affairs, Editor-at-Large, DIE ZEIT, Hamburg FDP Parliamentary Group, German Bundestag, Berlin Dr. Saad Eddin Ibrahim Chairman of the Board, Ibn Khaldun Center for SPEAKERS Development Studies, Cairo Dr. Mohamed M. Kamal Professor Dr. Sadeq Al-Azm Member, Committee on Education and Youth, Visiting Professor, Princeton University, Princeton Shura Council, Cairo Dr. -
Really Blocking a Banking Union? Germany’S Reluctance Towards Pan-European Banking Resolution
Name Annika Maria Petra Stahlhut University 1 University of Twente Enschede Universiteit Twente, UT UT Faculty School of Management & Governance UT Supervisor Dr. Shawn Donnelly UT Diploma MSc European Studies University 2 Westfälische Wilhelms-Universität Münster WWU Faculty Institut für Politikwissenschaft WWU Supervisor Prof. Dr. Oliver Treib WWU Diploma MA European Studies Start of Thesis March 1st, 2014 End of Thesis June 21st, 2014 MASTERTHESIS EUROPEAN STUDIES Really Blocking a Banking Union? Germany’s Reluctance Towards pan-European Banking Resolution by Annika Stahlhut (June 2014) Abstract In the recent two years the European Banking Union has been a chief project in European financial integration. Apart from European banking supervision and attempts to integrate deposit insurance on EU-level the member states have agreed to also harmonize the resolution of banks: A Single Resolution Mechanism (SRM) seeks to protect taxpayers in Europe from assuming the costs of resolution and to maintain financial stabilty in the internal market when banks are wound up. Although states have therefor charged the Commission to develop a common policy for banking resolution, Germany gains particular attention in European negotiations for objecting to the regulation establishing a single framework. Newspapers report that the German finance minister has announced to block the resolution mechanism (Schäfers, 2014, January 21), for which he is criticized sharply – even by parties on domestic level. It therefore seems as if domestic opinions on European banking resolution depart substantially wherefore the German position appears worth for an in-depth study. To this end European integration of banking resolution is embedded into the theoretical framework of liberal intergovernmentalism that provides for a liberal theory on national preference formation. -
Who Is Who in Impeding Climate Protection
Who is Who in Impeding Climate Protection Links between politics and the energy industry The short route to climate collapse The UK meteorological offi ce forecast at the very beginning of the year that 2007 would be the warmest year since weather records began being made. The scientists there estimated that the global average temperature would be 0.54 degrees above the 14 degree average experienced over many years. The record so far, an average of 14.52 degrees, is held by 1998. 2005, which was similarly warm, went into the meteorologists’ record books on reaching an average of 14.65 degrees in the northern hemisphere. Findings made by the German meteorological service also confi rm the atmosphere to be warming. Shortly before the beginning of 2007 the service reported that the year 2006 had been one of the warmest years since weather records began being made in 1901, and the month of July had been the hottest ever since then. An average of 9.5 degrees was 1.3 degrees Celsius above the long-term average of 8.2 degrees. International climate experts are agreed that the global rise in temperature must stay below two degrees Celsius if the effects of climate change are to remain controllable. But the time corridor for the effective reduction of greenhouse gases damaging to the climate is getting narrower and narrower. In the last century already the Earth’s average temperature rose by 0.8 degrees. The experts in the UN Intergovernmental Panel on Climate Change anticipate a further rise of up to 6.4 degrees by 2100. -
Bundesminister Christian Schmidt Ist Neuer Botschafter Des Bieres
S people Bundesminister Christian Schmidt ist neuer BoAutf desm Decutshchena Brafuerttag ein Brerlin übdergaeb Ces m ÖzdeBmiri dase Amrt an eseins en Nachfolger Berlin, 10. Juni 2015. Der Bundesminister für Ernäh - rung und Landwirtschaft, Christian Schmidt, wird neuer „Botschafter des Bieres“. Der Deutsche Brauer-Bund German Federal Minister zeichnete den CSU-Politiker beim Deutschen Brauertag Christian Schmidt is the am 11. Juni in Berlin mit dem Ehrentitel aus. Grünen- Parteichef Cem Özdemir, New Beer Ambassador 2014 gemeinsam mit der Berlin, June 10, 2015. The Moderatorin Sonya Kraus German Federal Minister zum „Botschafter des of Food and Agriculture, Bieres“ ernannt, übergab Christian Schmidt, becomes das Amt an seinen Nach - the new “Beer Ambassa - folger. dor”. The German Brewers Federation (GBF) awarded „Deutsches Bier und the CSU politician this seine vier natürlichen Zu - honorary title on June 10 at taten – Wasser, Hopfen, the German Brewers' Con - Malz und Hefe – sind seit gress in Berlin. The head of Jahrhunderten untrennbar the German Green Party, mit der Landwirtschaft ver- Cem Özdemir, who to- bunden. Hochwertigste gether with TV presenter Rohstoffe sichern die Qua- Sonya Kraus was appointed lität deut scher Biere“, er - “beer ambassador” in 2014, klärte der Präsident des Christian Schmidt, Bundesminister für Ernährung und Landwirtschaft / handed over his office to his Deutschen Brauer-Bundes German Federal Minister of Food and Agriculture successor. Dr. Hans- Georg Eils. Als Minister setze sich Christian Schmidt dafür ein, dass “German beer and its four natural ingredients – water, Landwirtschaft und Brauwirtschaft auf europäischer hops, malt and yeast – have been inseparable from German wie auch auf nationaler Ebene weiterhin verlässliche agriculture for centuries. -
Form 18-K/A Amendment No. 4 Annual Report
Form 18 -K/A Page 1 of 45 18 -K/A 1 d905133d18ka.htm FORM 18 -K/A Table of Contents SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 18-K/A For Foreign Governments and Political Subdivisions Thereof AMENDMENT NO. 4 to ANNUAL REPORT of KfW (Name of Registrant) Date of end of last fiscal year: December 31, 2013 SECURITIES REGISTERED (As of the close of the fiscal year)* AMOUNT AS TO WHICH REGISTRATION IS NAMES OF EXCHANGES ON TITLE OF ISSUE EFFECTIVE WHICH REGISTERED N/A N/A N/A * The registrant files annual reports on Form 18 -K on a voluntary basis. Name and address of person authorized to receive notices and communications from the Securities and Exchange Commission: KRYSTIAN CZERNIECKI Sullivan & Cromwell LLP Neue Mainzer Strasse 52 60311 Frankfurt am Main, Germany http://www.sec.gov/Archives/edgar/data/821533/000119312515132502/d905133d18k ... 23/ 04/ 2015 Form 18 -K/A Page 2 of 45 Table of Contents The undersigned registrant hereby amends its Annual Report on Form 18-K for the fiscal year ended December 31, 2013, as subsequently amended, as follows: - Exhibit (d) is hereby amended by adding the text under the caption “Presentation of Financial and Other Information ” on page 1 hereof to the “Presentation of Financial and Other Information ” section; - Exhibit (d) is hereby amended by adding the text under the caption “Exchange Rate Information” on page 1 hereof to the “Exchange Rate Information ” section; - Exhibit (d) is hereby amended by replacing the text in the “Recent Developments —The Federal Republic of Germany—Overview -
Political Scandals, Newspapers, and the Election Cycle
Political Scandals, Newspapers, and the Election Cycle Marcel Garz Jil Sörensen Jönköping University Hamburg Media School April 2019 We thank participants at the 2015 Economics of Media Bias Workshop, members of the eponymous research network, and seminar participants at the University of Hamburg for helpful comments and suggestions. We are grateful to Spiegel Publishing for access to its news archive. Daniel Czwalinna, Jana Kitzinger, Henning Meyfahrt, Fabian Mrongowius, Ulrike Otto, and Nadine Weiss provided excellent research assistance. The views expressed in this paper are those of the authors and do not necessarily represent those of Hamburg Media School. Corresponding author: Jil Sörensen, Hamburg Media School, Finkenau 35, 22081 Hamburg, Germany. Phone: + 49 40 413468 72, fax: +49 40 413468 10, email: [email protected] Abstract Election outcomes are often influenced by political scandal. While a scandal usually has negative consequences for the ones being accused of a transgression, political opponents and even media outlets may benefit. Anecdotal evidence suggests that certain scandals could be orchestrated, especially if they are reported right before an election. This study examines the timing of news coverage of political scandals relative to the national election cycle in Germany. Using data from electronic newspaper archives, we document a positive and highly significant relationship between coverage of government scandals and the election cycle. On average, one additional month closer to an election increases the amount of scandal coverage by 1.3%, which is equivalent to an 62% difference in coverage between the first and the last month of a four- year cycle. We provide suggestive evidence that this pattern can be explained by political motives of the actors involved in the production of scandal, rather than business motives by the newspapers. -
Plenarprotokoll 16/3
Plenarprotokoll 16/3 Deutscher Bundestag Stenografischer Bericht 3. Sitzung Berlin, Dienstag, den 22. November 2005 Inhalt: Nachruf auf die Abgeordnete Dagmar Dr. Wolfgang Schäuble, Bundesminister Schmidt (Meschede) . 65 A des Innern . 68 D Begrüßung der neuen Abgeordneten Brigitte Zypries, Bundesministerin der Justiz 68 D Christoph Pries und Johannes Singhammer 65 D Peer Steinbrück, Bundesminister der Finanzen 68 D Michael Glos, Bundesminister für Wirtschaft und Technologie . 69 A Tagesordnungspunkt 1: Horst Seehofer, Bundesminister für Ernährung, Wahl der Bundeskanzlerin . 65 D Landwirtschaft und Verbraucherschutz . 69 A Präsident Dr. Norbert Lammert . 66 B Dr. Franz Josef Jung, Bundesminister der Verteidigung . 69 A Ergebnis . 66 C Dr. Ursula von der Leyen, Bundesministerin Dr. Angela Merkel (CDU/CSU) . 66 D für Familie, Senioren, Frauen und Jugend 69 B Ulla Schmidt, Bundesministerin für Tagesordnungspunkt 2: Gesundheit . 69 B Eidesleistung der Bundeskanzlerin . 67 A Wolfgang Tiefensee, Bundesminister für Verkehr, Bau und Stadtentwicklung . 69 B Präsident Dr. Norbert Lammert . 67 A Sigmar Gabriel, Bundesminister für Umwelt, Dr. Angela Merkel, Bundeskanzlerin . 67 B Naturschutz und Reaktorsicherheit . 69 B Dr. Annette Schavan, Bundesministerin für Bildung und Forschung . 69 C Tagesordnungspunkt 3: Heidemarie Wieczorek-Zeul, Bundesministerin Bekanntgabe der Bildung der Bundesregie- für wirtschaftliche Zusammenarbeit und rung . 67 C Entwicklung . 69 C Präsident Dr. Norbert Lammert . 67 C Dr. Thomas de Maizière, Bundesminister für besondere Aufgaben . 69 C Tagesordnungspunkt 4: Eidesleistung der Bundesminister . 68 B Tagesordnungspunkt 5: Präsident Dr. Norbert Lammert . 68 B Antrag der Fraktionen der CDU/CSU, der SPD, der FDP, der LINKEN und des BÜND- Franz Müntefering, Bundesminister für Arbeit NISSES 90/DIE GRÜNEN: Bestimmung des und Soziales . 68 C Verfahrens für die Berechnung der Stellen- Dr. -
Print Story: Anti-Nokia Backlash Grows in Germany on Yahoo! News 01/20/2008 10:11 PM
Print Story: Anti-Nokia backlash grows in Germany on Yahoo! News 01/20/2008 10:11 PM Back to Story - Help Anti-Nokia backlash grows in Germany by Yannick Pasquet Sun Jan 20, 11:25 AM ET Anti-Nokia anger in Germany for closing a factory is growing with politicians publicly ditching the firm's phones and joining calls for a national boycott in Europe's largest economy. The Finnish mobile phone giant said on Tuesday it plans to close the factory in Bochum in the Ruhr industrial heartland and shift production to Romania where labour costs are lower. The closure will result in 2,300 job losses. Finance Minister Peer Steinbrueck, from the left wing party in Chancellor Angela Merkel's governing coalition, attacked what he called Nokia's "caravan capitalism." Kurt Beck, head of the Social Democrats (SPD) party, has banned Nokias from his home, while Merkel has said consumers had a right to favour appliances "made in Germany." "As far as I am concerned there will be no Nokia mobile phone in my house," Beck told the Bild am Sonntag newspaper. "For me, and this is doubtless the case with many other Germans, the name of Nokia has not sounded good for the past week. I don't want to be reminded of the incredible source of anger every time I am on the phone." Horst Seehofer, consumer protection minister and a member of Merkel's conservative Christian Democratic Union (CDU), has hinted that he might ban Nokia phones in his ministry. And Peter Struck, head of the SPD in parliament, said on Friday that he has returned his Nokia N-95. -
Special Report 2012/11
Special Report 2012/11 The political situation in Germany: Implications for further EU integration Given its size and economic strength, Germany obtain the symbolic so-called ‘Chancellor’s plays a pivotal role in the EU. Parliamentary majority’ for the approval of ESM, fiscal elections in 2013 might result in a stable and compact and financial support for the recapita- EU-friendly grand coalition. However, recent lization of Spanish banks. Passing the ESM bill appeals against the ESM ratification suggest was dependent on votes of the SPD or The that politicians will be constrained by legal Greens. boundaries regarding further EU integration. Table 2: Votes in the Bundestag, 29.6./19.7. ESM Spain The current setup Party yes no yes no The German parliament is currently composed CDU/CSU 218 16 221 13 of five factions (table 1), with CDU/CSU FDP8210809 SPD128811814 (Christian-democrats) and FDP (Liberals) The Greens651541 making up the government led by Chancellor The Left071060 Total 493 106 473 97 Angela Merkel. The opposition is composed of (Abstentions: 5/13; No vote: 16/37) SPD (Social-democrats), Alliance ‘90/The Source: German Bundestag Greens (Green party) and The Left (Socialist party). Especially the CDU’s so-called sister party, CSU, being in power in Bavaria since 1957, Table 1: German Bundestag 2012 showed resentment regarding Merkel’s Party Seat s in % decisions of transferring ever more power to CDU/CSU 237,0 38,2 Brussels. Among others, CSU politician Peter FDP 93,0 15,0 SPD 146,0 23,5 Gauweiler appealed against the ESM at the The Greens 68,0 11,0 The Left 76,0 12,3 Federal Constitutional Court. -
Report of the Board of Supervisory Directors (PDF, 73 KB, Non
Report of the Board of Supervisory Directors Meetings of the Board of Supervisory Directors The Board of Supervisory Directors and its committees con- stantly monitored the conduct of KfW’s business activities and the management of its assets. It has taken the necessary decisions on the provision of financing and the conduct of other business in accordance with the conditions set forth in the KfW Law and Bylaws. The Board of Supervisory Directors and the Audit Committee each met three times in 2017 for this purpose; the Presidial and Nomination Committee five times, the Remuneration Committee four times and the Risk and Credit Committee seven times. Peter Altmaier, Federal Minister for Economic Affairs and Energy At the meetings, the Board of Supervisory Directors acknow ledged the information provided by the Executive Board on – KfW’s 2016 annual and consolidated financial statements, – the business activities and current developments in each of KfW’s business sectors, including KFW IPEX-Bank GmbH and DEG, – the group’s net assets, earnings position and risk situation in general, particularly sensitive areas such as the ship port- folio, as well as political risks, including any implications of the United Kingdom’s decision to leave the EU, – the significance of digitalisation for KfW and its activities to harness the arising opportunities, – banking supervisory issues relating to KfW, current consulta- tions with the banking supervisory authorities, in particular on compliance with regulatory capital requirements, audits completed and ongoing, the resulting measures, as well as potential effects of future regulatory changes, – the current status of the major projects portfolio, particularly concerning the progress in renewing the financial architecture (including the “SAPFin project”), – the modernisation and reorientation of the IT landscape, as well as improvement measures relating to payment trans- actions given the deficits identified in these areas, – business and risk strategies, the group IT strategy, and KfW’s IT strategy for 2018. -
Merkel Hoch Zwei
Deutschland CSU-Politikerin Aigner „Ungeklärte Verhältnisse“ sich die CSU ausgerechnet beim Agrar - ressort aus der Verantwortung. Auch für Aigner ist der Wechsel das Ergebnis kühler Kalkulation. Sie weiß, dass ihre Chancen 2013 in München weit besser sind als in Berlin. In München winkt ein Kabinettsposten und womög - L E lich weit mehr. In Berlin dagegen ist nicht G E I P S sicher, wer aus der CSU-Ministerriege sei - R E D nen Job in einer möglichen Großen Koa - / L E I lition retten würde. Sollte die Union gar H T N in der Opposition landen, müssten sich A I T S I die Berliner CSU-Spitzen um den letzten R H C attraktiven Posten balgen, den die Christ - sozialen in der Hauptstadt zu vergeben Auch die CDU fremdelte anfangs mit haben – den des Landesgruppenchefs. UNION Angela Merkel, die nur selten mit ihrem Kein Wunder, dass sich Aigner Anfang zweiten Ehemann Joachim Sauer auftritt. September für den Wechsel entschied. Für so manchen Christsozialen wäre eine Die Ministerin tourte gerade dienstlich Merkel unverheiratete Parteichefin Aigner ein durch Argentinien, als sie ihren Tross an Fall Merkel hoch zwei. Unkonventionelle einer Tankstelle halten ließ, um Seehofer Lebenswege können in der CSU gefähr - auf dem Handy anzufunken. „Horst, ich hoch zwei lich werden. Parteimitglieder erinnern mach das“, sagte sie; öffentlich wurde der sich gut, wie einst Geschichten über Theo Deal erst zwei Wochen später. Der geplante Wechsel von Waigels Beziehung zur Skifahrerin Irene Nun ist Aigner Favoritin in einem un - Ministerin Aigner nach Bayern wirft Epple oder Seehofers uneheliches Kind gewöhnlichen Machtkampf, in dem es in der CSU eine neue Frauen- lanciert wurden, um den Betroffenen zu nicht nur um politische Kompetenz, son - schaden.