Who would wear clothes made from cow manure?

The KfW is a German government-owned development bank led by a managing board which reports to a supervisory board chaired by Wolfgang Schäuble, the finance minister. KfW covers over 90% of its borrowing needs in the capital markets, mainly through bonds that are guaranteed by the federal government.

THE vaunted declaration by Taoiseach Enda Kenny that Ireland will exit the bailout without a precautionary credit line, though welcome, is an exaggerated half-truth aimed at building market confidence ahead of the Dec 15 deadline.