German opposition party targets banks

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Series Details 27.9.12
Publication Date 27/09/2012
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Article reported that Germany’s opposition Social Democratic Party (SPD) served notice in September 2012 that it would fight the 2013 general election with tougher banking regulation as a main plank of its platform, including splitting investment from retail banking.

The proposals – presented on the 26 September 2012 by Peer Steinbrück, former finance minister and one of three leading SPD contenders to challenge Angela Merkel for the chancellorship – caused an instant storm of protest from the financial sector.

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