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Eichel: Struggling to engage high |
If the role of a banking system is to finance corporates through the bad times as well as the good, the German system is failing. At least that’s what the recent decision by the Federal government to establish a Mittelstand bank strongly suggests.
“Small and medium-size enterprises are Germany’s job motor,” said finance minister Hans Eichel in an after-dinner speech in Frankfurt at the inaugural monetary stability foundation conference in December.
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