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04/18/2008: "German banking structure under threat of collapse"

Germany is mired so deep in the subprime crisis that its entire banking structure is under threat of collapse. As writedowns continue to mount and government guarantees wear thin, experts warn that losses could soon reach €30bn (£24bn) - and possibly more.

It is the long-suffering German taxpayer who will be handed the final bill, just at a time when German industry and employment as a whole is on the up.

[ Banksters are always spoiling things. Why do we put up with them? ]

http://www.thisismoney.co.uk/investing-and-markets/article.html?in_article_id=440507&in_page_id=3