First street protest of Bundesbank

Employees of the German Central Bank - Bundesbank, in Frankfurt today participated in the first street protest in the history of the bank caused by plans to shut nearly half of its branches, officials said. Last month by the Bundesbank announced that they intend to close 14 of its 47 branches by 2012 and another 9 by 2015 plans affect cities like Dresden, Bremen and Aachen is expected close to 300 jobs and transfer other 500 employees . Final decision on the bank will take in December. In June in Frankfurt came a street protest employees other central banks - the European. Moreover Bundesbank was shaken by another scandal. Today a member of the board of directors of the bank - Tilon Saracens, was relieved of some of its key responsibilities because of his controversial comments regarding Arabs and Turks living in Berlin. 64-year-old Saracen is quoted as stating to the magazine Lettre International, that Muslims living in Berlin at the back of the state. He also called for measures to curb immigration. According to him, a large number of Arabs and Turks in the German capital "are not production functions than to sell fruit and vegetables. By Saracen Bundesbank decided to no longer be responsible for the money in circulation. Thus it remains only charged with the responsibility for information technology and risk control in the bank. Against Saracen are indicted in Berlin, including incitement to racial hatred. He apologized for the comments, but ignored demands to resign.

IMF reminded to Bucharest to follow the rules

The International Monetary Fund (IMF) expects Romania to its commitments undertaken through external funding, regardless of who will form the government, said the regional representative for Tony Lübbecke Fund, quoted by newspaper "Ziua" after the Romanian government fell yesterday after a successful vote of distrust. This political instability affects the achievement of the objectives that Romania has set itself with the signing of an agreement with the IMF and the European Commission, especially in terms of structural reforms, the newspaper notes, quoted by BTA. Romanian center-right government of Prime Minister Emil Bock was deposed yesterday after parliament adopted a paid opposition censure. This happened weeks before presidential elections scheduled for 22 November. Total of 258 MPs and senators backed a no-confidence votes, but 176 voted against. For the first time since 1990 the Romanian government fell from power after a vote of no confidence. We remind the country of spring of this year signed agreements the international funding of EUR 20 billion. In late September, it became clear that the country will receive the second tranche of Zeman to the IMF amounted to 1.85 billion euros