Berlin - Giant US carmaker General Motors' German offshoot Opel may face insolvency in late spring, German daily Bild reported Saturday.

A government panel reviewing the carmaker's guarantee requirements stated, "insolvency threatens from May/June," according to the newspaper. The board represents several government ministries as well as the federal states where Opel owns factories.

Opel reportedly needs a cash injection of up to 3.3 billion euro (4.2 billion dollars), but has not found a bank willing to fund the required credits, the newspaper stated.

Berlin - Germany's Central Council of Jews criticized Saturday former German chancellor Gerhard Schroeder's plan to meet Iranian President Mahmoud Ahmadinejad, who has in the past denied that the Holocaust occurred.

In an interview with the Hanover daily Neue Presse, general secretary of the Central Council of Jews Stephan Kramer said, "Mr. Schroeder is greatly damaging the reputation of Germany and the German government."

Berlin - European leaders and finance ministers meet in Berlin Sunday to draw up an action plan to combat the world economic crisis and beef up market regulation amid the threat of a financial meltdown in Central and Eastern Europe.

Hosted by German Chancellor Angela Merkel, Sunday's meeting has been called to set out Europe's position on plotting financial market reform, and measures to tackle the recession ahead of the April summit in London of the Group of 20 (G20) major economic powers.

Berlin - German prosecutors are investigating one of the sons of Liechtenstein's ruling prince, contending that he hid money in the Alpine principality from German tax authorities, a statement by the LGT bank said Friday.

Prince Max, 39, who is married and lives in Munich, has been chief executive of Bank LGT Group since 2006.

His father, Prince Hans-Adam II, is in a clinch with German authorities over claims that the principality, landlocked between Switzerland and Austria, is a tax haven, offering trusts which hide and invest the money of rich Germans.

Berlin - The President of Angola, Jose

Berlin  - European Commission President Jose Manuel Barroso on Wednesday spoke of concerns that Europe's markets could face further destabilzation.

He made his comments during a meeting with German Chancellor Angela Merkel.

"We are worried about a further destabilization of the financial markets and economies," Barroso said. He added that further measures were being considered, such as regulations for hedge funds, investment funds and management compensation packages.