The State's Silent Takeover Germany's Big Banking Bailout

The German government wants to buy up large segments of the domestic banking sector. In addition to the partial nationalization of many ailing financial institutions, Berlin's plans include a complete takeover -- by expropriation, if necessary.
Von Christian Reiermann und Wolfgang Reuter
Storm clouds gather over Frankfurt, Germany's banking center.

Storm clouds gather over Frankfurt, Germany's banking center.

Foto: DDP
Translated from the German by Christopher Sultan