Failure on the part of German banks to lend money risks pushing the economy back in to recession German’s Economy Minister warned in a recent television interview.
“They should be giving out more credit. If they don’t do this the government can resort to regulatory measures,” said Rainer Bruederle.
It was also announced that Chancellor Merkel will meet banking leaders to discuss the issue in Berlin. The Chancellor noted that she is particularly concerned about the availability of credit to Germany’s small and medium-sized firms that make up most of country’s economy.
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.
Latest posts by Scott Boyd (see all)
- Japan’s Demographic Trap - 25 June 2012
- Officials Talk Openly of Greek Euro Exit - 16 May 2012
- Greek Voters Prepare to Roll the Dice - 15 May 2012