Credit Crunch Gags A Possible Recovery From

Federal President Horst Kohler at the ZDF: ‘I ask the banks something more determined in the economic upswing to help ‘ New Ulm/Berlin, 23 July 2009 the pressure of leading representatives from politics, business and science on the German banks is harder. After the State has bailed out the banks with billions from taxpayers from the banking crisis and the European Central Bank is also pumping liquidity in billions of dollars at an interest rate of one percent in the banks and they still skimp on the flow of loans to the industry and the medium-sized economy, plans are forged, to force the banks to lend. “Reminder: the German banks had tightly laced packages with toxic in large quantities” purchased real estate loans from the United States, without its contents to know or to check. By the bursting of the housing bubble in the United States were banks on bad loans sit remained, the exact scope of billions is yet to determine today. As a result this worldwide Financial crisis has been the real economy into a deep crisis.

Job declines in nearly all industries and a dramatic fall of stock prices were inevitable. To preserve the German banking sector and the real economy from total collapse, the Federal Government launched a bank rescue program so far 480 billion from taxpayers. In addition the European Central Bank (ECB) has provided recently liquidity amounting to the record total of 442 billion euros the institutions at a rate of only one percent available. The adopted bad-bank regulation strengthens the equity capital of the banks concerned and brings additional liquidity. An aim of this measure is to enable to provide the urgently necessary financing in the form of loans, to support the economic recovery predicted to fall 2009 industry and medium-sized banks. Lending is the quintessential and most important task of the banks. These funds of the Federal Government and in particular, the ECB arrive but also from point of view of the Deutsche Bundesbank – not to the expected extent and not to the desired, favorable conditions in the industry and in the middle-class.

The banks currently much rather put the money in trading foreign currency, bonds and stocks, to improve their earnings situation, rather than to pass it on as loans. In addition, banks now higher collateral demand and evaluate the collateral at the same time lower, so that it is increasingly difficult for companies to get loans. Thus a real credit crunch suggests itself that can stifle a possible economic recovery in the bud. The WirtschaftWoche”reported a survey of the Association of electrical and electronics industry (ZVEI) among 1,600 member companies, of which in June 2009 after all, 57 percent currently feel a credit crunch, while there were only five percent in March 2009. Also the Neu Ulm real estate and financial services, Monarchis Grundbesitz company mbH, of his real estate to 100 percent from Equity has financed, observed the restrictive credit policy of banks. Because in addition planned investments for the first time partly alien should financed, are thus hardly possible. Politics, economics and science have recognized this dramatic development. Not only President Horst Kohler, Finance Minister Peer Steinbruck and economy minister Karl-Theodor zu Guttenberg and IFO President Hans-Werner Sinn warned that the credit crunch could artificially prolong the crisis. The Federal Government is considering concepts, to force the banks to lending. More information under: – The New Internet Platform For Accident Victims

Accident victims often unknowingly waive many claims… Working Group transport law Department: Justice/traffic Berlin (DAV). There are approximately 3.5 million cases of liability due to traffic accidents. Of 90% in direct contact between the insurers of the infringer, so the opponent, and the accident victim be regulated approximately. Through the non-activation of a traffic lawyer, numerous victims unknowingly waive further claims to which they are entitled. Almost regularly hourly billing rates be reduced by the insurance unauthorized for the cost of repairs on the tariffs unbound type workshops.

In older vehicles the VAT will be deducted often unwarranted, despite continued use, residual value offers will be considered at the expense of the injured party. Many victims don’t know such as on budgetary damage, replacement of protective clothing, etc. their claims, Because the amount of the damage is not clear, it is only the time best Idea”, to ask those who must pay for the costs according to the amount of damage, so the opposing insurance companies. To accident victims quickly and easily help to offer there is now”, the new accident service the traffic lawyer of the German Bar Association (DAV). This user-friendly Internet platform allows motorists accident injured the damage message via the Internet.

The injured party that benefits from a rapid, simple and competent claims handling. Especially all them damages claims with success are made. Injured party hire a qualified traffic lawyer after a car accident with the claims, tend to be more for them comes out for the damages. Many car drivers shy away from ignorance, after an accident to the assistance of a traffic lawyer”, as Rechtsanwalt Jorg Elsner, Chairman of the DAV Community transport legislation. Many motorists is also unknown, the Attorney’s fees are paid in full by the pedestrians If this shall be liable only for the damage. “Experience the traffic lawyer it is common, that although the opposing insurance directly submit an offer to the victim, and as its partner” wiggled, but has financial interests in mind. The loss ratio should be kept to a minimum. Therefore it happens repeatedly in regulating that claims not or only partially adjusted. The opposing insurance has no interest to educate the victim about his full claim, because it would cost money”, so Edison continue. By, the victim, but also workshops, car rental companies and car experts, the way a traffic lawyer would much easier. Also accelerates the new Internet platform of the traffic lawyers for claims settlement cooperation among all stakeholders. So the victim arrives faster money”, explains Elsner. Usually you get a quick and full regulation as well as a direct payment to the injured person. The service on is quite simple: the victim fills out the online notification and email them the lawyer he has previously chosen are in its proximity. After receiving the message, the lawyer contacted the victims and regulates the damage in his mission and interest. Under, you reach 3,000 traffic lawyer and attorneys. Reproduction and playback (also on the Internet) with author name, such as “traffic lawyer in the German Bar Association” provided free of charge. An image archive, see presseservice. For questions is available: spokesman Swen Walentowski, phone 030/72 61 52-1 29, fax 030/72 61 52-1 93. press releases on the Internet: and