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short-docu // german // 6 Min // 07.04.2005
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On the 9.4.2005 the Berliner regional parliament took over the risks from the property service
business of the Berliner Bank. The Land Berlin is thus responsible for up to 40 mrd. Euro.
The risk limit law guaranties gains from real estate for fund owners, for instance, Barbara
Genscher or Heidemarie Wieczorek Zeul.
For the year 2003 the regional treasury has earmarked 300 million Euro to guarantee fund
yields.
In the same year social spending sank by 150 million Euro.
To discuss banking scandals is at the same time is to discuss social welfare cuts.
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