Arcandor gains Berlin lift

About 7,000 employees of struggling German retailer Arcandor protested outside the Economics Ministry in Berlin on the 27 May 2009, demanding government help to keep the company afloat.

Economics Minister Karl-Theodor zu Guttenberg promised a thorough examination of the company's application for government guarantees.

Deutsche Welle, 27.5.09: Arcandor employees demand government aid http://www.dw-world.de/dw/article/0,,4283699,00.html

ESO: Background information: Berlin starts to mimic French industry policy http://www.europeansources.info/record/berlin-starts-to-mimic-french-industry-policy/

Deutsche Welle, 2.6.09: Arcandor becomes the latest company to press for state aid http://www.dw-world.de/dw/article/0,,4297870,00.html

http://www.spiegel.de/international/business/0,1518,628115,00.html http://www.spiegel.de/international/business/0,1518,628115,00.html

Deutsche Welle, 6.6.09: Angela Merkel rules out bailout for German retailer Arcandor http://www.dw-world.de/dw/article/0,,4305166,00.html

Website: Arcandor AG http://www.arcandor.com/en/index.asp

Wikipedia: Arcandor http://en.wikipedia.org/wiki/Arcandor

---