Bloomberg News

German Banks Could Bear Another Greek Writedown, BDB Group Says

September 29, 2011

Sept. 29 (Bloomberg) -- German banks could withstand another writedown of Greek sovereign debt and are prepared “for every kind of haircut that comes up” in a European effort to contain the spread of contagion in the euro region, Michael Kemmer, the general manager of the BdB Association of German Banks, said in a Bloomberg Television interview today.

To contact the reporter on this story: Nicholas Comfort in Frankfurt at ncomfort1@bloomberg.net

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net


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