Businesses slam German nationalization bill

March 08 2009 16:19:51

Businesses slam German nationalization bill

Agence France-Presse

The legislation paves the way for authorities to push through an emergency takeover of mortgage lender Hypo Real Estate. Dieter Hundt, president of the German employer's federation voiced "outrage" at the move. "There is no need to do this even as a last resort,” he said.

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