the amount leavitt would depend on the size of the bank and the level of risk of its business. it will raise 1.3 billion euros in revenue annually. that is not enough for opposition politicians. >> the proposed bank levy is just a ruse. it definitely will not protect the taxpayers in the event of another crisis. >> the government argues it had to find a solution that would not overburdened banks at a difficult time. >> investors continue to worry about the health of european economies. ireland's debt problems deepened on wednesday after standard and poor's reduced its credit rating. the decision to downgrade the rating will increase ireland's borrowing costs as a trip stable -- struggles to stabilize its troubled banking sector. hecthe irish government quickly criticized s&p, saying it disagreed with the agency's conclusion. more optimism on the german economy. 7000 executives are pretty upbeat about the prospects of their businesses. the business climate index hit a three-year high. >> order books are filling up, and companies are investing in new technologies. germany has eme