Flight to quality crashes after bank guarantee missile hits

November 07, 2008 12:00 am

German public sector borrowers are mainly on track to complete their 2008 funding programmes, but it has not been an easy task to get there — some sacrifices, in terms of maturities, pricing and currencies, have had to be made. With government guaranteed bank issuance now a real threat, Hélène Durand looks at the dynamics of and challenges facing the sector.

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Flight to quality crashes after bank guarantee missile hits

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