ASSESSMENTS

Germany: Berlin Tries to Avoid a Credit Crunch

Dec 3, 2009 | 18:17 GMT

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Summary

German Chancellor Angela Merkel and Economy Minister Rainer Bruederle met Dec. 2 with financial representatives to determine how Germany can avoid a credit crisis in 2010 that could hurt the country's economic recovery. German banks are still absorbing the effects of the financial crisis and thus remain cautious in lending

Berlin is concerned about the availability of credit to the household and corporate sectors....

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