Buba’s Weber: Germany finance held its own
Germany's finance industry managed to fulfil its macroeconomic function despite the crisis, said Axel Weber, the president of the Bundesbank.
Weber said much of the industry remained stable during the global financial crisis, while problem cases were solved by quick and effective government interventions. He said the successful rescue measures showed the state was in the position to provide a system-stabilising support for individual institutions.
He made the comments on 16 November.
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