"ARD exclusiv - rescuers in need" for financial and economic crisis: Germany's top executives plead guilty
In the NDR-documentation "ARD exclusiv - rescuers Not: How do politicians tame the crisis, "clear the most important people from politics and finance in Germany is to blame for the economic crisis. Finance Minister Peer Steinbrück (SPD), former Economy Minister Michael Glos (CSU), German Bank CEO Josef Ackermann and other top executives sit in the film by Stephan Lamby critically examine their own role. Lamby for his documentation had also exclusive access to Chancellor Angela Merkel, Economy Minister Karl-Theodor zu Guttenberg and Federal Reserve Chairman Axel Weber, but also to players who are fighting behind the scenes against the economic crash.
When asked about the causes of the crisis, replied the CEO of Deutsche Bank, Josef Ackermann: "I have believed that certain elements have always stabilizing. For example, that although the risks are spread around the world, but every so many risks, takes as he can cope with himself - and the fact that the system even with large external shocks retains stability. That was an assumption that was wrong, "Ackerman's conclusion:". Based on this assumption one has built up positions that have proved in retrospect to be too large. In this respect: Of course, I also partly to blame.
"hard self-criticism also expressed Germany's top bank supervisor Jochen Sanio, president of the Federal Agency for Financial Services:" We, the German regulator, the world's supervision, has its Task does not meet - their task to ensure the stability of the system without the use of taxpayer money.
"confess Politicians Peer Steinbrueck and Michael Glos at their root cause analysis also for their own debt. This Finance Minister Steinbrueck is reminiscent of the coalition negotiations started in 2005. At that time the federal government tried according to Steinbrück, the financial center of Frankfurt" on par with the City of London and the to keep Wall Street. This has been too naive. "Adds former Economy Minister Glos:" We all have a collective guilt. I had some time before the Bundestag. In this respect I'm probably as guilty legislature somewhere. "
" Despite . So NDR-editor Alexander von Sallwitz. Some Verklausulierungen astonishing confessions So clearly, our management staff from politics and finance is not yet ruled on its own responsibility "
The first was the 30-minute version of" ARD exclusiv - rescuers Not. What politicians do tame the crisis on Wednesday, 1 July, at 21.45 clock A long version (45 minutes) was launched on Monday 6 July, at 23.00 clock in the NDR television
Click here for the long version of savior. Not in in the media center of the NDR
Source: http://www1.ndr.de/unternehmen/presse/pressemitteilungen/pressemeldungndr4110.html
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