Germany 'faces new credit crunch'
-
-
- CarolineS
- added this
Germany's Economy Minister Rainer Bruederle has warned that German firms face another credit crunch if the country's banks do not lend more.
In a television interview he said: "They should be giving out more credit. If they don't do this the government can resort to regulatory measures."
Mr Bruederle has also appointed a "credit mediator", Joachim Metternich, to work with banks and companies.
The government hopes that Mr Metternich will make loans more easily obtainable.
Why on earth does lending more money (the supposed reason for getting us in the recession in the first place) help us to get out of a recession?
oh the complications of money and all the woes it brings! is it really all worth it?
http://news.bbc.co.uk/1/hi/business/8390792.stm
In a television interview he said: "They should be giving out more credit. If they don't do this the government can resort to regulatory measures."
Mr Bruederle has also appointed a "credit mediator", Joachim Metternich, to work with banks and companies.
The government hopes that Mr Metternich will make loans more easily obtainable.
Why on earth does lending more money (the supposed reason for getting us in the recession in the first place) help us to get out of a recession?
oh the complications of money and all the woes it brings! is it really all worth it?
http://news.bbc.co.uk/1/hi/business/8390792.stm
-
- groups:
- Current Tonight
-
- tags:
- Recession, Germany, Debt, Credit Crunch
