Huether Wants Part-Nationalization of Banks, Sueddeutsche Says

European governments should part- nationalize the region’s largest lenders to prevent potential bank failures, Michael Huether, the director of the Cologne- based economic institute IW said, Sueddeutsche Zeitung reported.

The measures are needed because there are new risks in the financial system as well as a new credit crunch, Huether said, according to the German newspaper.

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