DW-WORLD: Debt-Averse Germans Unlikely to Attract Sub-Prime Trouble Sub-prime mortgages are virtually unknown in Germany since home ownership rates are relatively low.
Germans tend to be debt-averse and are required to put down more equity in financing a home purchase. (25.09.2008) DW-WORLD: Europe Shuns US-style Rescue as Bailout Debate Rages The EU says its financial system is robust and there is no need to come up with a Berlin 1936: Jesse Owens and the Aryan Race ...
Kiefer out of Wimbledon ... US-style bailout as Federal Reserve Chairman Bernanke offered his bleakest outlook since a credit crisis set in last year. (24.09.2008) DW-WORLD: ECB Continues Cash Injections for Ailing Banks and Markets In another busy day at the European Central Bank, 180 billion euros ($266 billion) in refinancing was allotted and an offer of 27 billion euros ($40 billion) in one-day loans was renewed, the ECB said in a statement. (23.09.2008) DW-WORLD: Germany's SPD Warns Bank Crisis May Lead to Federal Deficit Germany's Social Democrats (SPD) have warned that the banking crisis in the US could have an adverse effect on the German economy, leaving the state with revenue deficits in the billions of euros. (22.09.2008) DW-WORLD: Financial Crisis Not Over Yet, European Banking Expert Says Juergen Stark, member of the European Central Bank's executive board, told Deutsche Welle better risk management is needed after the financial earthquake on Wall Street and warned the crisis was far from over. (21.09.2008)
(Deutsche Welle)
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