Made in Germany - A Shambles – The Financial Crisis Reaches Germany - 07.10.2008

With the debacle of the Hypo Real Estate credit institute in Munich, the financial crisis has reached Germany. The German government has put together a bail-out package, because a Hypo bankruptcy would affect the entire economy. The government wants to prevent further loss of confidence. Many savers are frightened, even though the government has guaranteed all deposits. Experts warn that the crisis is far from over, including for Germany. MADE IN GERMANY talked with consumers, banks, and financial experts. Our topic in Co-operation with the Handelsblatt newspapert.