Germany considered Wirecard bailout before it collapsed Regulator and finance minister’s efficacy in question over Berlin ‘business diplomacy’
Wed, Mar 17, 2021, 07:15
Germany considered bailing out Wirecard just days before it collapsed last year with a multibillion hole in its balance sheet.
The revelations raise fresh, uncomfortable questions about the efficacy of the country’s regulator and the role of finance minister Olaf Scholz, as the Social Democrat (SPD) steps up his efforts to become Germany’s next chancellor.
Hours after Wirecard revealed on June 22nd last that €1.9 billion on its balance sheet probably did “not exist”, Mr Scholz’s deputy Jörg Kukies suggested a plan to bail it out with funds from a state-owned bank.
Wirecard: Finanzministerium wollte noch kurz vor der Pleite helfen
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Trotz erfundener Buchungen: Regierung erwog wohl staatliche Wirecard-Rettung
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