European Central Bank

Since in this case probably a limit of this practice would be exceeded, can be difficult to predict the reliability of this statement. Already among the German real estate market suggests trends of higher inflation. To meet the, it is considered necessary, the interest rate to increase, which in turn leads to higher costs of credit financing in the debt crisis. This balancing act is even more pronounced by the various interests due to different economic problems between northern and southern Member States. A change in the federal funds interest rate is currently not in the conversation. Thus also the investors contribute to the debt: interest rates on money market accounts are below the rate of inflation. After deduction of taxes, there is no black zero than yield in Germany. The result is always red.

Also the ECB accountable also obligations to bring rights. The ECB accountable Europe towards the public and elected representatives and the especially in the current financial crisis. And that means to publish also balance sheets, such as the target receivables and other accounts. Furthermore, she shall report the European Parliament regularly and must check their year-end reports by independent auditors. The efficiency of their management is regularly inspected by the European Court of Auditors. Going beyond their objectives the ECB itself published monthly decisions of Governing Council and submit monthly instead of quarterly reports. Criticism of her self and her catalogue of measures is practiced currently increasingly due to the reactions of the European Central Bank on the worsening of the debt crises in the euro area. The main criticisms are the purchase of Greek, Italian and Spanish Government bonds on the secondary market, not by the States directly, and the planning and implementation of the euro bailout Fund, as is the role of the ECB in the further financial crisis and how this process of dealing with their tasks and Goals influence, will show the future.

Prospectus Of ISC BT AG

The securities prospectus created over the last few weeks was approved by BFin on the 08.11.2011. Also the conversion of the reporting on IFRS was connected with the building. In the future will be the reporting standards IFRS and are created each half-yearly accounts on the basis of IFRS. The full prospectus is published on the company’s website at. This is a great milestone and important step for the ISC BT AG to increase their attractiveness for investors, because now we have to operate the legal possibility of investor relationship work effectively”, explain Walter Andres and Peter Heinold, and boards of Directors of ISC BT AG, in unison.

The ISC business technology AG share continues to be traded on the stock exchange in Frankfurt and on the XETRA under the following securities identification number WKN A0JM1B or ISIN CH0024733161. In addition to reaching this milestone in the company’s history, that has requires a lot of commitment, but also the operative business was not neglected. The positive trend in the ISC business technology AG (ISC BT AG) could be continued 2011 also in the third quarter with a clearly positive result. In the first nine months of the year 2011, the ISC BT achieved a total sales amounting to T 8.458 with an EBITDA of T 547 group. This is an increase of 17% in the total sales and 35% EBITDA compared to the same period last year.

Note: The today published results are unaudited figures HGB. The ISC business technology AG is a Swiss group of companies, which has active investments in innovative IT consulting companies in German-speaking countries. It is a quality-oriented company with a comprehensive range of services. The products include consulting services for hardware and software, own IT platforms, Internet platforms and the development of software solutions. The ERP and CRM software solutions by SAP in Walldorf are based. ISC BT AG has a wide Customer base includes large corporations, medium-sized and small businesses especially in German-speaking countries.