Steinbrueck wants to succeed at banks
The criticism of a too slow lending by the banks is getting louder. Main complaint: The banks get to cheap money aspire 5670 battery from the Central Bank, but are not, or continue only with worse conditions in companies.
Federal Finance Minister Peer Steinbrück (SPD) has announced a vigorous intervention by the government. "If it should come in the second half is a real credit crunch, the Federal Government together with the Bundesbank and search for solutions must," he told the Bild am Sonntag. "This one would have to think about measures which it has not yet given." When asked if he thought the introduction of compulsory credits, Steinbrueck said: "I will not speculate now. But we must make every effort to ensure the supply of the economy with credit. "
For weeks, there is criticism of a reluctance to lend to businesses. aspire 3500 battery Steinbrueck attacked the grant practices of the banks: this is currently the Bundesbank would get a lot of money for the extremely low interest rate of one percent. "But the banks much rather put the money currently in the trade in currencies, bonds and equities, rather than pass it on as loans."
SPD Chancellor Candidate Frank-Walter Steinmeier told the Berliner "Tagesspiegel am Sonntag:" If we see in a few weeks, that the banks are still not ready to fulfill their role as providers of the economy, then we need to think about further steps. I do not want that healthy businesses and jobs disappear with them, just because banks hoard their money. "
Similar sentiments were expressed Unions Group chief Volker Kauder (CDU) in the world on Sunday: "The banks use the money is not cheap to finance the German economy, but primarily themselves, this behavior is unacceptable." Even the German industry – and Commerce (DIHK), banks sharply criticized.
Federal President Horst Kohler said on ZDF: "I beg (fujitsu battery) banks to examine whether they can not now be a little more determined to help in the economic upturn."
In one of this weeks economic survey of the Association of Electrical and Electronics Industry (ZVEI) in 1600 member companies in June, 57 percent said that they are feeling a credit crunch – in March there were only 5 percent.
Ifo president Hans-Werner warned sense, the growing credit crunch threatens to prolong the crisis artificially. The credit crunch could develop into the main problem for the economy, because banks are gesundschrumpften. "But if the banks are slimming, they shrink the economy, perhaps broken."
Even the banking association holds an escalation of the crisis now possible. "In the autumn there is the danger of a widespread credit squeeze, said Iris Bethge, a spokeswoman of the Federal Association of German Banks.
Background of the criticism of politics and economy to the banks is that interest rates are at historically low levels and central banks pumped as much fresh and cheap money into the market like never before. Recently, the European Central Bank (ECB) institutions to provide a record amount of 442 billion euros at a rate of only one percent.
The money comes, however – also from the viewpoint of the Bundesbank – but not to the extent and not to the favorable conditions for businesses and consumers, as hoped. Criticism is that the banks create the money cheap prefer safe, rather than loans to companies that are struggling with the uncertain consequences of the crisis.
It could not address that the government rescue the banks, the banks took the money but lifebook t4220 battery for their own rehabilitation, DIHK chief Hans Heinrich Mann said drift in the business week. "We will have to fight in the coming months to be even stronger than before with difficulties in the supply of credit." Applications and credit would always be more detailed justification. "The banks want us instead of a quarter preview, a three-year forecast."











