Germany split over insolvency overhaul
Greg Bousfield
,
Both plans aim to deter banks from taking too many risks with the assumption that they can fall back on nationalisation if things go wrong.
Where the plans differ is in who will oversee the insolvency process: the public regulator, or private specialists.
The outcome depends largely on the result of the September federal election, which most Germans expect the conservatives to win.[w]
The conservatives' proposal comes from economics and technology minister Karl-Theodor zu Guttenberg
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