Chart gbpGOLD   Chart gbpSILVER  
 
Food for thought
Facts do not cease to exist because they are ignored
Aldous Huxley  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1289.730.45
Silver 19.500.03
Platinum 1417.61-2.09
Palladium 892.43-0.82
WORLD MARKETS
DOWJONES 17080-39
NASDAQ 4558-12
NIKKEI 15460-75
ASX 5621-28
CAC 40 4366-29
DAX 9463-107
HUI 2423
XAU 1011
CURRENCIES (€)
AUS $ 1.4091
CAN $ 1.4314
US $ 1.3184
GBP (£) 0.7946
Sw Fr 1.2064
YEN 136.7200
CURRENCIES ($)
AUS $ 1.0689
CAN $ 1.0856
Euro 0.7585
GBP (£) 0.6027
Sw Fr 0.9146
YEN 103.6980
RATIOS & INDEXES
Gold / Silver66.14
Gold / Oil13.64
Dowjones / Gold13.24
COMMODITIES
Copper 3.140.01
WTI Oil 94.560.01
Nat. Gas 4.050.01
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
In the same category
German President Resigns; Major Embarrassment to Chancellor Merkel
Published : February 17th, 2012
290 words - Reading time : 0 - 1 minutes
( 0 vote, 0/5 ) Print article
 
    Comments    
Tweet
Keywords :   Angela Merkel | Government |

 

 

 

 

The German presidency is little more than a symbolic position, nonetheless, the announcement by German President Christian Wulff that he will resign is a major embarrassment to German Chancellor Angela Merkel who hand-picked Wulff as president.

Spiegel Online reports
Wulff Announces He Will Step Down

German President Christian Wulff resigned from office after prosecutors stated a day earlier they would seek to have parliament lift his immunity. Prosecutors wanted his immunity revoked so they could formally investigate allegations he accepted favors during his tenure as governor of the state of Lower Saxony. At the center of the probe are allegations that a film producer had paid for a vacation in a luxury hotel for Wulff during his time in office in the state.

Speaking nearly a half hour after Wulff's resignation, German Chancellor Angela Merkel appeared before reporters to say she had received Wulff's resignation with "great respect and deep regret." The chancellor also noted that the development underscored the strength of the German legal system because it showed that all people are treated equally, regardless of their position.

Merkel said her coalition government would approach all political parties in an effort to find a "joint candidate" to replace Wulff.

The development is likely to cause embarrassment because Wulff is the second president after Horst Köhler to step down during her term. The chancellor handpicked Wulff to run as Köhler's successor after his sudden resignation in 2010. Even after his selection, Wulff was weakened going into the presidency because it took three rounds of voting in the Federal Assembly before he was ultimately elected.

Financial Times reports that Merkel cancelled a meeting scheduled with prime minister Mario Monti in Rome on Friday in the wake of the announcement by Wulff.

 

 

Tweet
Rate :Average note :0 (0 vote)View Top rated
Previous article by
Mish
All articles by
Mish
Next article by
Mish
Receive by mail the latest articles by this author  
Latest comment posted for this article
Be the first to comment
Add your comment
TOP ARTICLES
Editor's picks
RSS feed24hGold Mobile
Gold Data CenterGold & Silver Converter
Gold coins on eBaySilver coins on eBay
Technical AnalysisFundamental Analysis

Mish

Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. He writes a global economics blog which has commentary 5-7 times a week. He also writes for the Daily Reckoning, Whiskey & Gunpowder, and has over 80 magazine and book cover credits. Visit http://www.sitkapacific.com
Mish ArchiveWebsiteSubscribe to his services
Most recent articles by Mish
8/28/2014
8/28/2014
8/28/2014
8/28/2014
8/27/2014
All Articles
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
Receive 24hGold's Daily Market Briefing in your inbox. Go here to subscribe or unsubscribe.
Disclaimer