Germany’s Economy Minister Rainer Bruderle warned that companies are about to turn themselves in credit crisis, if banks do not start to lend. “Banks should not grant more loans. If they do not, the government can take regulatory action, “warned Bruderle in a television interview suggests. One of the steps it has taken economic minister, was to appoint a “credit mediator. This post was placed Joachim Metternich, whose task will be to ensure dialogue between banks and businesses. According to the government that will lead to easier lending to companies. The main task of the mediation process will be to collect requests from companies seeking funding and to seek a constructive solution by credit institutions. Such a position has already been in France and he wore a big success, believe in Germany.
The secondary affraids are quite dangerous for the European economy and mostly for Germany.