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Germany considered Wirecard bailout before it collapsed


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. ....

Klaus Michalak , Olaf Scholz , Goldman Sachs , Social Democrat , Der Spiegel , Public Finances , கிளாஸ் மைக்கேலக் , ஓலேஃப் ஸ்கோல்ஸ் , கோல்ட்மேன் சாக்ஸ் , சமூக ஜனநாயகவாதி , டெர் ஸ்பீகல் , பொது நிதி ,