Monday, November 29, 2010

The Bundesbank said that German banks weather the storm

The last review of the financial stability of the Bundesbank, suggested that the conditions for German banks in general have improved. According to the report, the estimated losses on loans of German banks will fall this year to € 23 billion to € 37 billion in 2009, and expectations of further fall in the future. Bundesbank suggests that German banks may have all the opportunities for lending and support economic growth in Germany, although it was suggested that a prolonged period of low interest rates "may create the wrong incentives." Some of the largest banks in the country are still trying to manage structured securities (worth about € 100 billion). The structure of risk in these assets continue to deteriorate in the last couple of years.

Meister revealed that the patience of the CDU on the rescue package is exhausted. Reflecting a growing determination within the coalition to disrupt any further requests for assistance to Germany, Michael Meister (representative of financiers in the block CDU) suggested yesterday that the patience of legislators "not unlimited", the desire to take further action, the German taxpayer is "very little" and what you need to find " alternative solutions "rescue package. At the same time a growing irritation among European officials in relation to Germany. Luxembourg Prime Minister Jean-Claude Juncker, yesterday pleaded with federal and local officials in the country not to lose sight of what is good for Europe. Germany, in turn, might respond that he was acting in the best interests of Europe.

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