Wednesday, July 31, 2013


German Banks Suffer on Loans to U.S. Cities



(Frankfurt, Germany)
Germany's biggest banks have been lending US cities money to the tune of around €18.5 billion.

Bankrupt Detroit, it emerged on Monday, has been on of the main recipients, causing concern for Commerzbank.
German banks have become increasingly reluctant to lend money to the U.S.

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