<Practical went out with unlimited credit cards
and if portions of our corporate world got creative
so did our private sector. This ain't Japan in other words.>
Neither is Germany:
Insolvencies in Germany (companies and individuals)
Year Total Companies
1991 13,300 8,800
1992 15,300 10,900
1993 20,300 15,100
1994 24,900 18,800
1995 28,800 22,300
1996 31,500 25,500
1997 33,400 27,500
1998 33,900 27,800
1999 34,000 26,500
2000 40,400 27,500
Total damage for creditors in 2000: DEM 53 billion.
Sources:
195.170.124.152
hamburg.ihk24.de |
