German Banks Can Weather Crisis, Rescue Fund Tells Handelsblatt
German banks are in good shape to weather the European debt crisis, the head of the country’s FMSA bank-rescue fund told Handelsblatt in an interview.
“There’s no cause for concern regarding concrete, individual banks in the finance industry,” Christopher Pleister is cited by the newspaper as saying. Should the debt crisis worsen, the fund is ready to step in and rescue lenders, he said.
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