Deutsche Bank boss throws party, Merkel foots the bill
Reports say German taxpayers covered expenses of lavish birthday dinner for Deutsche Bank chief Josef Ackermann. The meal was held in Chancellor Angela Merkel's office.
Deutsche Welle - Aug 25 7:00 AMMerkel’s Bargain With Ackermann Near Abyss Signaled Re-Election
Aug. 24 (Bloomberg) -- Germany was minutes away from its biggest bank failure since 1931 when Chancellor Angela Merkel found herself bargaining with Deutsche Bank AG Chief Executive Officer Josef Ackermann on his mobile phone.
Bloomberg - Aug 24 7:53 AMSocial Democrats attack Merkel over dinner with bank chief
Berlin - Germany's Social Democrats (SPD) have seized on a dinner hosted by Chancellor Angela Merkel for the chief of the nation's biggest bank to criticise her using taxpayers' money to pay for private events. The political row over the dinner, whic...
EARTHtimes.org - Aug 25 3:21 AM Merkel Adviser Says Hypo Real Bailout Was ‘Without Alternative’
Aug. 19 (Bloomberg) -- Chancellor Angela Merkel ’s chief economic adviser said the German government had no other option than to bail out property lender Hypo Real Estate Holding AG last year at the height of the financial crisis.
Bloomberg - Aug 19 3:04 AMHypo Bailout Was ‘No Poker Game,’ German Officials Tell Probe
Aug. 19 (Bloomberg) -- German government officials defended attempts to force private banks to shoulder more of the bailout costs for Hypo Real Estate Holding AG , saying that waiting to the last minute to agree on a rescue was “no poker game.”
Bloomberg - Aug 19 6:55 AM
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