| GEO Business|
| Bailout plan will help surmount financial crisis: Steinbrueck|
| Updated at: 1258 PST, Tuesday, October 21, 2008|
BERLIN: Germany Finance Minister, Peer Steinbrueck has said that the German bailout plan would help overcome the financial crisis.
Addressing a news conference, Germany Finance Minister, Peer Steinbreuck said that the government was providing along with liquidity undertaking also and promoting new investments. He said that the German bailout plan for surmounting the financial crisis as compared to any other country was comprehensive and best.
German parliament had approved the bailout plan on Friday. On the other hand, Germany’s major commercial banks and insurance companies told that they don’t need government financing and their business was running satisfactorily.