Banks, Germany admits 10 years later: rotten institutions, so we ruined you
TIME WIDELY EXPIRED
Maybe: perhaps it will be because the presidency of the ECB is now over given Angela Merkel's preference for the command of the EU commission. Or perhaps because it has to face the twin crises of Deutsche Bank and Commerzbank. The fact remains that, for the first time the head of the Bundesbank, Jens Weidmann admits that the German credit giants were not victims of the crisis 2008. If anything protagonists. “Many banks took on risks they couldn't bear,” he says in a statement’ interview published by Bild, the most widely circulated German newspaper.
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