Home News BMF confident that we can dispel EU doubts on HRE plans

BMF confident that we can dispel EU doubts on HRE plans

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BERLIN (Dow Jones) – The Federal Ministry of Finance (BMF) is, despite the doubts of the EU Commission plans to continue for Hypo Real Estate (HRE on) assume that this in planned form can be implemented.
We are very confident that we are in doubt, fully get resolved, "said BMF spokeswoman Jeannette Schwamberger Dow Jones Newswires on Thursday in Berlin. Since mid-November lying to the Federal Treasury last year, the formal Notice to the European Commission for an opinion. In it the Commission had their concerns and doubts about the HRE plans listed. Since then, there had been numerous discussions with the EU Commission, where the federal government had committed to the concerns . invalidating
The EU Commission had been critical of the Official Journal on Wednesday by the continuation of plans for the Hypo Real Estate (HRE) and expressed "doubts about the viability of the HRE" also taking into account the updated Restructuring plan filed.

   

Website: www.bundesfinanzministerium.de

- By Beate Preuschoff, Dow Jones Newswires
+49 (0) 30 - 2888 4122, beate.preuschoff @ dowjones.com

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(END) Dow Jones Newswires

January 21, 2010 05:05 ET (10:05 GMT)

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