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Ohoven State

“” BVMW President Mario Ohoven: State must reclaim power over financial markets Berlin for a partial nationalisation of all 50 global systemically important banks, the President of the Federal Association has made medium-sized economy (BVMW), Mario Ohoven,: now helps only the big axe “, so Ohoven in an interview with the business magazine for the middle class”. Ultimately, the State in the interest of the taxpayer must recapture the power over the financial markets. SME President welcomed the rapid action of the Federal Government on the establishment of a financial market stabilisation fund. However, the intervention rights, has secured the State in return for the bailout billions, are totally inadequate. Measures such as the possible reduction of Manager salaries it is not enough.” The State lead to the highly indebted banks equity capital. In return, he must receive preference shares and far-reaching intervention rights. It will be necessary, so Ohoven the financial markets and institutes throughout Europe to regulate in order to prevent a crisis of this magnitude in the future. This means a ban on off-balance sheet financial market innovation, a better liquidity of the banks and a greater personal liability of bank managers.” In addition, the countries of the European Union should set uniform rules for the deposit protection. Source: Larry Ellison. Editorial: (see profile)