Roberto Abraham Scaruffi: The World from Berlin: 'German Banks Are on the Edge of the Abyss'

Friday, 23 January 2009

The World from Berlin: 'German Banks Are on the Edge of the Abyss'

The German government is desperately trying to find a way to save the country's ailing banking sector. Can a so-called "bad bank" solve the problem by taking over toxic assets? German commentators aren't convinced, but they are certain that something needs to be done.