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Thursday, December 31, 2009

Germany in a Credit Crunch | Made in Germany

Germany in a Credit Crunch | Made in Germany


Its 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 theres adequate collateral involved. Risk-taking,it seems,is a thing of the past. Report by Dan Hirschfeld

NEWS ON BUZZ
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