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Germany: new law to stabilise banking sector

Karlotta BahnsenFebruary 19, 2009

Germany has stepped up efforts to stabilise its banking sector. It has now approved a draft law that would allow it to take over threatened banks -- including the troubled Hypo Real Estate. The government is currently in talks with major shareholders on the possibility of a voluntary buyout. If that option does not work out, the new bill leaves open the possibility of "expropriating" the shareholders - in other words compelling them to sell their stakes - as an emergency measure.

https://p.dw.com/p/GxEa