Jump to content
House Price Crash Forum
Sign in to follow this  
AvidFan

Germany's Arcandor (owner's Of Thomas Cook) About To Fail

Recommended Posts

I assume you don't have to get up early on hol now to stop the Germans putting their towels on all the sunbeds!

That has to be a good thing.

Every cloud, etc.....

Share this post


Link to post
Share on other sites

and this was no fly by night operation either...................... I'll get my coat

Share this post


Link to post
Share on other sites

Why the hell should they get state aid?

Surely they can be allowed to go to the wall just like any other business?? :blink:

Share this post


Link to post
Share on other sites
Anyone read the full article - it is subscription only? Does it say why this firm might go bust - lack of Germans going on hols due to recession?

It's mostly the retail bit in trouble - Germany's Woolie's?

From the yesterday's Grauniad:

The government has set up a 100 billion euro ($142.9 billion) fund to provide temporary aid to companies hit by the financial crisis but helping Arcandor, whose troubles predate the crisis, is controversial.

The leader of the liberal Free Democrats (FDP), Guido Westerwelle, warned against granting it state aid.

"I think it is necessary that, for once, the owners themselves take reponsibility," said Westerwelle on German radio.

"It cannot be up to German taxpayers to save the property of a rich family," said Westerwelle.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   296 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.