Berlin Sees No Limits to Economic Intervention

by Spiegel staff Saturday, Jan. 24, 2009 at 8:44 PM

"As part of her efforts to combat the economic crisis, German Chancellor Angela Merkel is increasing the state's influence in the market, buying holdings in banks and bailing out individual industries and companies. Is Germany turning into a planned economy?"

"Merkel maneuvered herself between the fronts, as she so often does. Although she spoke at length against `socialist experiments' last week, she was unwilling to rule out nationalization altogether."

to read the article published in: Spiegel, 1/21/2009, visit

http://www.spiegel.de/international/business/0,1518,druck-602632,00.html

Original: Berlin Sees No Limits to Economic Intervention