Friday, November 12, 2010

German banks and Basel 2

FT.com "It is also a somewhat disturbing paradox that such a successful manufacturing economy remains reliant on such a fragile banking sector. Indeed, of the 44 European banks that have had recourse to state support in the latest crisis, by far the biggest number have been based in Germany, with 13 banks, followed by the UK and Belgium with five cases each"

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