Eu commission approves financial injections for dexia group

adminonMarch 22, 2023May 3, 2023Leave a Comment

eu commission approves financial injections for dexia group

The shareholders of the former municipal financier had already approved a capital increase of 5.5 billion euros before christmas. This will be jointly supported by the governments of paris and brussel. The group is now around 95 percent state-owned, with belgium accounting for 50 percent and france just under 45 percent. The rest is held by small shareholders.

The commission confirmed an earlier plan to break up dexia into several parts. Belfius, the former dexia bank belgium, will devote itself to its banking and insurance core business, said EU competition commissioner joaquin almunia. The french part DMA (dexia municipal agency) will be integrated into a new development bank in france.

"As provided for in our rules, the approved plan ensures that the market presence of some parts of the dexia group is fully justified without artificially keeping alive a failed business model(…)", declared the spanish commissioner. Almunia to ensure that state aid to financial institutions does not distort free competition in the EU.

First goalscorer's trophy for thomas eckert

Favorite club? "Of course the TSV forest window", says thomas eckert, who has been a member of the small rhon club for 25 years. The fact that the team was relegated at the end of the season does not throw the 31-year-old out of the race. Surely more than a consolation prize were the 23 goals in the A-class rhon 1, which were enough to win the goalscorer’s cup of the saale newspaper. Together with rene leurer from FC obereschenbach, by the way.

Congratulations on winning the torjager cup. What does this trophy mean to you??

Thomas eckert: thank you! Of course I am happy about it. I won it for the first time and I was close a few times before. But the goal would have been to keep the team in the league.

What goal did you start the season with??

I used to bet with a good buddy how many goals i would score during the season. For this year I had no personal goal. Maybe this was a good omen…

Why did it finally work out so well with the goal pushing??

Well, in the first half of the season, I was in a slump for seven games in a row. I am not used to that. If I had scored there, I would certainly have been able to do more in terms of keeping my class together. I scored most of my goals against teams that were in the bottom of the league table. We’ve only won three times, and they were all big wins. Then it went again as if by itself with the gate pushing. Maybe because the season was already over and there was no more pressure.

Do you remember a particularly important goal??

Well, I’m not the type for beautiful goals. But i scored my very first free-goal that season. This was only possible because the opponent was asleep and the free stroke was executed quickly.

Which characteristic would you like to have from which goalkeeper??

I find thomas muller impressive. He makes goals from really impossible positions, shifts in a flash and surprises the opponent – sometimes even himself. And he does all this with an incredible casualness.

Who is the better: ronaldo or messi?

I have respect for ronaldo’s discipline, but I don’t like his behavior on the pitch. What messi does in close quarters with ball and opponent is out of this world. I think they are different players, despite their scoring rate, and therefore not comparable.

Which fubballschuhe did you swear by?

Adidas copa mundial – classic black and white. I am not the type for colorful plastic shoes. I don’t feel that way in the fub.

Do you stay loyal to your club?

The TSV will probably have no other choice.

Goal-scoring for TSV waldfenster is like…

… A job. As a striker it is your job to talk about it. But it is also always a small feeling of happiness that you can share with the team.

To the good end: how does your jubilation pose look like??

I used to sprint and then jump up with a clenched fist. In the meantime, my condition no longer allows it.

World Cup affair spoils dfb's balance sheet - big loss in 2017

The affair surrounding the 2006 world cup has caused the german soccer association (DFB) to suffer a huge loss of image and additional tax payments, and now also a large balance sheet deficit.

The association posted a negative result of 20.3 million euros for fiscal year 2017, as DFB treasurer stephan osnabrugge reported at a press conference in frankfurt on friday. The main reason for this are the back payments to the frankfurt tax office in connection with the 2006 world cup affair.

Last october, the authorities issued retroactive tax assessments for the year 2006 and withdrew the DFB’s charitable status. According to its own information, the association had to pay a total of 22.57 million euros in arrears. "We have appealed these rulings. The appeals process is still ongoing. For us, however, this meant that we had to calculate the full contribution as an expense," osnabrugge explained. If the appeals process is successful, the DFB could theoretically retain the sum – with interest.

The revenues of the world’s largest sports federation had developed according to plan, in contrast to the expenditures, as the treasurer reported. According to the report, the DFB’s equity capital amounts to just over 155 million euros. "Despite these one-off effects, the DFB is economically sound, and we are of course in a position to meet our obligations at all times," the treasurer said. The 150 million euro academy in frankfurt is scheduled for completion by 2021. The association intends to pay for the half from its own funds.

In addition, the current assessment of several facts between 2012 and 2014 differs from the previous one. The auditing process, which according to department head accounting dirk moldenhauer has been going on for almost two years, is currently not complete. Further back tax payments are possible, the DFB has made provisions for this according to its own information. The amount involved is around 17 million euros, and the audit will cover banner advertising and sales taxes.

And 2018 and the following years will not be cheap for the DFB either. The historic first-round exit from the world cup in russia cost money; to win, the team had to reach at least the semifinals. "The tournament-related budget will show more expenses than income," osnabrugge calculated, without giving concrete figures.

The world cup affair has already been reflected in the past two balance sheets through clarification and legal charges. According to the DFB, it has invested more than seven million euros since 2015, including in the freshfields report, which was intended to help clarify the facts of the case.

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