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Blog Archive ? Germany mocked for 55-billion euro bank accounts error

-- expats
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10/31/11 15:04
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Blog Archive ? Germany mocked for 55-billion euro bank accounts error

Thank author of this post/comment31-Oct (CNBC) - The German government tried to deflect responsibility on Monday for a 55-billion euro accounting blunder that has exposed it to charges of ridicule for being inept and hypocritical after its steady criticism of Greek bookkeeping practices. Finance Minister Wolfgang Schaeuble has summoned executives from the nationalized mortgage bank Hypo Real Estate (HRE) to explain how they made a simple accounting error that ended up raising Germany's total debt load by 55 billion euros.. .

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• auditors • finance • bookkeeping • criticism • hypocritical • accounting • responsibility • germany • bank accounts • balance sheets •
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