ASSESSMENTS
Germany: Implementing the 'Bad Bank' Plan
May 14, 2009 | 15:32 GMT
Sean Gallup/Getty Images
Summary
Germany's government agreed on a "bad bank" plan on May 13, which will allow private sector banks to get rid of "toxic assets." However, the plan ignores the largest portion of debt — belonging to Germany's Landesbanks — and will not protect Germany's banking sector from the looming recession.
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