You are here: Home » Reuters » News
Business Standard

Analysis: Germany's Goldman hire prompts fear of banks' renewed influence

Reuters  |  FRANKFURT 

By Edward Taylor and John O'DonnellFRANKFURT (Reuters) - Germany's appointment of a Goldman Sachs executive to a senior finance ministry post on Monday drew accusations the government was once again cosying up to the banking sector that caused the 2008 economic crash.Joerg Kukies, formerly the co-head of Goldman Sachs in Germany, was named deputy finance minister with responsibility for financial market policy and European issues, the ministry said.It is the first time a German government has hired a Goldman Sachs banker and signals a recovery of the sector's influence after the crash when it ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Mon, March 19 2018. 22:44 IST
RECOMMENDED FOR YOU