<html><body><div style="color:#000; background-color:#fff; font-family:times new roman, new york, times, serif;font-size:12pt"><div style="RIGHT: auto">&nbsp;</div>
<div style="RIGHT: auto">I think the following maybe of interest.</div>
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<DIV class=uiAttachmentTitle data-ft='{"type":11}'><STRONG><A onmousedown='UntrustedLink.bootstrap($(this), "hAQAPX4DcAQDUIhE7eGqmohIQVn6Vc68xMBZyeWF29VEX_Q", event, bagof(null));' href="http://www.bloomberg.com/news/2011-09-23/germany-has-5-trillion-euros-of-hidden-debt-handelsblatt-says.html" target=_blank rel=nofollow><FONT color=#3b5998>Germany Has 5 Trillion Euros of Hidden Debt, Handelsblatt Says</FONT></A></STRONG> </DIV><SPAN class=caption><A onmousedown='UntrustedLink.bootstrap($(this), "XAQBBZgJkAQC1R224nhWinI5XP3xFv7L18iJSf65WWYTEPg", event, bagof({}));' href="http://www.bloomberg.com/" target=_blank rel="nofollow nofollow"><FONT color=#3b5998>www.bloomberg.com</FONT></A></SPAN> 
<DIV class="mts uiAttachmentDesc translationEligibleUserAttachmentMessage">Germany’s public debt is much higher than officially shown, Handelsblatt reported, citing calculations by Bernd Raffelhueschen, an economics professor at Freiburg University.<VAR id=yui-ie-cursor></VAR></DIV></DIV></div></body></html>