Roberto Abraham Scaruffi: The World from Berlin: 'If One Major Bank Collapsed, Others Would Fall

Thursday 26 February 2009

The World from Berlin: 'If One Major Bank Collapsed, Others Would Fall

German regional bank HSH Nordbank has been saved from collapse through a bailout by the states of Schleswig-Holstein and Hamburg. Observers warn, though, that the states may be entering into an unknown risk they are ill-equipped to handle.