Germany in a Credit Crunch | Made in Germany
  • 14 years ago
It’s becoming more and more difficult for companies and consumers to get a loan. Buying a new TV on credit,pre-financing a large project or starting a business – lenders are forcing potential borrowers to run the gauntlet.The reason: Banks are only willing to loan money when there’s adequate collateral involved. Risk-taking,it seems,is a thing of the past. Report by Dan Hirschfeld
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