Here is a striking contrats to Brown’s much- vaunted “part-nationalisations”: the German government has taken a 25% stake and representation on the board with the right of veto.
Posts Tagged ‘German banks’
German Government Takes Large Stake in Commerzbank
Posted by seumasach on January 9, 2009
Posted in Financial crisis | Tagged: bank nationalisation, German banks | Leave a Comment »
Second German bank lines up for govt help -Wow!
Posted by seumasach on October 29, 2008
Whatever the underlying reality concerning German banks, the contrast with Britain couldn’t be starker. Whereas the British banks have all been openly or covertly at the trough, the German bankers seemingly feel no urgent need for assistance and may have to be force fed. Considering that the total exposure of their state health and pension schemes to Lehman’s is a paltry 120 million, couldn’t it be the case that Germany’s exposure to US toxic garbage is, in fact, less than we have been led to believe, and that this bailout scheme has been foisted on them in an attempt to bankrupt the German state British-style.
26th October, 2008
A second German bank lined up on Saturday for a government rescue, as officials reportedly debated whether to force recapitalisation on shy commercial banks.
Posted in Financial crisis | Tagged: bailout, financial collapse, German banks | Leave a Comment »
In These New Times 