Germany has no plans to nationalise any commercial banks, according to Finance Minister Peer Steinbrück.
Angela Merkel had said the previous evening that increased state intervention might be necessary in the current market panic, and refused to rule any options out. Steinbrück's spokesman said there were "no current considerations" of taking over banks. Merkel's deputy spokesman Thomas Steg said there had Germany does not need to nationalise ...
Bavaria's conservatives projected to lose 50-year dominance ...
EU Ministers Vow Unified Approach to Downturn ...
Czech-born shoe magnate Thomas J. Baťa dies at 93 ...
Reactions split over Dresdner Bank takeover ...
US Army to Close 15 Small Military Facilities in Germany ... been no decision about conceivable future actions. About half the German retail banking system is already state-run, with the federal and state governments either owning banks or overseeing trustee savings banks and non-profit cooperative banks.
(Deutsche Welle)
more info >>
<< Back