The Germany Ministry of Finance considers there is a risk that the current economic recovery will not be sustainable, writes Reuters.
“Despite a categorically improved economic outlook, it is not clear, for now, if the period of stability will continue. This could have this year, negative effects on the labor market “, says a report from [...]
German finance minister, Peer Steinbrueck, has made a plan to remove toxic assets from the balance sheets of banks based on government funding for financial institutions, in order to create so-called “bad banks”, says Bloomberg.
Ministry of Finance has submitted to the Chancellor Angela Merkel, and officials of the administration and industry to decided on the [...]
Germany made the first step toward HRE bank nationalization, by taking equity of 9%. German government made the first step in taking control of the bank building HRE, which had been previously announced, after the bank posted losses of nearly 5.5 billion euro in 2008.
Waited for several weeks and imminent after the Friday announcement that [...]
