German town drowning in debt | Made in Germany
February 20, 2013
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4:06Now PlayingGerman town drowning in debt | Made in Germany
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as posted by the channelThe town of Hückeswagen has filed a suit for 20 million euros that's something of a test case for other German municipalities. In 2000, many towns began dabbling in risky interest rate swaps - and many lost a lot of money in the process. Even worse, many of the banks have gone out of business.
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