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German Finance Minister Olaf Scholz attends a Reuters interview in his ministry in Berlin, Germany, September 7, 2020. REUTERS/Hannibal Hanschke
BERLIN (Reuters) – Germany’s banks are comparatively secure and the federal government sees no want to spice up the state’s holdings in them, Finance Minister Olaf Scholz instructed a Bloomberg webcast on Tuesday.
Berlin has beforehand stated it is able to take stakes in strategically necessary corporations which might be endangered by the coronavirus pandemic, although no banks have but been affected.
The federal government took a stake in German financial institution Commerzbank in 2009, through the world monetary disaster. It nonetheless retains a 15% holding within the lender.
Reporting by Christian Kraemer, writing by Thomas Escritt
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