Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
Well, another question is, if it really matters. UBS has written down more than 10% of Swiss GDP. Switzerland is still well.
If Deutsche Bank goes bankrupt, the German gov't certainly is able to finance the debt of German corporations, who depend on funding by Deutsche Bank. If every foreign creditor of the bank gets bailed out, is not an issue for Germany. The loss in jobs and tax collection by losing much of the German financial sector is as well not too big.

Der Amerikaner ist die Orchidee unter den Menschen
Volker Pispers
by Martin (weiser.mensch(at)googlemail.com) on Sun Sep 21st, 2008 at 04:06:40 PM EST
[ Parent ]

Others have rated this comment as follows:

Migeru 4

Display:

Top Diaries

Occasional Series