German bank bail-out has failed, say MPs

Article reports that the German parliament’s financial markets committee has concluded December 2008 that Germany’s banking sector rescue has failed and should be modified urgently if lasting damage to the economy is to be avoided.

ESO: Background information: Fears mount at stand-off over German bail-out http://www.europeansources.info/record/fears-mount-at-stand-off-over-german-bail-out/

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