Chancellor Merkel makes appeal to Washington to approve the rescue package (30.09.2008) je 16
Michael BärSeptember 30, 2008
German banks have not suffered the type of sub-prime fallout being seen in the US. And the country's most threatened lender Hypo Real Estate is now on a "sustainable" footing. That''s according to the head of Germany's central bank, the Bundesbank, Axel Weber. He made the comment one day after the Bundesbank, the European Central Bank and several private banks stepped in with 35-Billion euros in credit guarantees to keep Hypo alive.