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People and Politics | Financial Crisis in Germany - Who is Responsible?

2,425 views · Published 11 October 2008 · 5:05 · Indexed 28 October 2026

Channel: DW News · 2008 · Entertainment

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German Finance Minister Peer Steinbrück wasn't mincing his words when he said that senior bank managers should be held personally liable for the current crisis, and he is not the only German politician asking why taypayers should have to bail out wealthy bankers. Directly in the line of fire right now is the CEO of German lender Hypo Real Estate, after it became the latest in a string of banks in need of rescue.

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