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21 September 2017 10:44 (South Africa)

Germans get serious about credit crunch

  • Branko Brkic
    branko3048 a ray
    Branko Brkic

    Brkic is the founder and editor of The Daily Maverick.

    He has edited magazines on business and politics, technology, and wildlife. He has also published fiction and non-fiction books, most of them in Serbian. Though he has never pretended to be a reporter, his wide knowledge of politics (especially in America), combined with his experiences in a disintegrating Yugoslavia, gives him an unusual outlook on events in South Africa.

    Despite the vowel-poor surname, he tells anyone who asks that he hails from Hyde Park, Johannesburg, having spent most of his adult life in South Africa.

    Recent columns:

Rainer Bruederle

German economic minister Rainer Bruederle says German firms face another credit crunch if the country's banks do not lend more. A lending freeze has been the major problem facing Western banks in the aftermath of the October 2008 market crash, as banks seek to hold onto their existing assets. Now Bruederle says the government might resort to regulatory measures if the credit flows don’t begin again, saying he has appointed a credit mediator to work with banks and companies, to enable firms to get loans at reasonable rates. Germany’s Chancellor Angela Merkel is particularly concerned about the availability of credit to Germany's small and medium-sized firms, as they make up most of country's economy. Bruederle says France had already introduced the role of a credit mediator with great success. Read more: BBC, Bloomberg

  • Branko Brkic
    branko3048 a ray
    Branko Brkic

    Brkic is the founder and editor of The Daily Maverick.

    He has edited magazines on business and politics, technology, and wildlife. He has also published fiction and non-fiction books, most of them in Serbian. Though he has never pretended to be a reporter, his wide knowledge of politics (especially in America), combined with his experiences in a disintegrating Yugoslavia, gives him an unusual outlook on events in South Africa.

    Despite the vowel-poor surname, he tells anyone who asks that he hails from Hyde Park, Johannesburg, having spent most of his adult life in South Africa.

    Recent columns:

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