Excellent write up in the Financial Times about the state of German Banks.
www.ft.com/cms/s/0/1c70ef16-76d0-11de-b23c-00144feabdc0,dwp_uuid=70662e7c-3027-11da-ba9f-00000e2511c8.html
So far Germany has Nationalized Hypo Real Estate (HRE)
www.creditwritedowns.com/2009/04/hre-defusing-the-german-financial-time-bomb.html
Commerzbank has been propped up by the government.
www.creditwritedowns.com/2009/01/germany-partially-nationalizes-second-largest-bank.html
Otherwise the Germans have had their heads in the sand.
Please see prior post about German Banks.
tradersutra.blogspot.com/2009/07/where-are-green-shoots.html
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