Germany nationalizes problem banks: they have not come up with another way of their salvation
Late on Tuesday evening, February 17, a specially created commission under the Government of Germany, completed work on a new bill, allowing partial nationalization of the most affected by the crisis of banks. The bill, the validity of which is limited on June 30, 2009, was signed on Wednesday, February 18. Thanks to its adoption, the Hypo Real Estate bank will be saved from ruin, the German wave reports.