German cabinet backs ‘bad bank’ plan

Germany’s government has agreed June 2009 to extend its proposed 'bad bank' scheme to encourage some of the country’s troubled public sector banks to offload assets in return for radical restructuring.

ESO: Background Information: Germany needs more than an accounting trick http://www.europeansources.info/record/germany-needs-more-than-an-accounting-trick/

ESO: Background information: A darkened outlook http://www.europeansources.info/record/a-darkened-outlook/

BBC News, 10.6.09: Germany approves new 'bad bank' http://news.bbc.co.uk/1/hi/business/8092924.stm

Deutsche Welle, 10.6.09: German cabinet approves "bad bank" bill for state lenders http://www.dw-world.de/dw/article/0,,4316166,00.html

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