The USA is just fine...full steam ahead...lots of new jobs producing lots of goods...nothing to see here.
German Banks...what crises???...go back to watching The Block, X-Factor, MKR...etc
Tick tock...tick tock...
German banks count cost of shipping crisis
German banks are struggling to recoup tens of billions of dollars of loans as a
global shipping industry slump hits them hard.
The lenders - among the biggest backers of shipowners over the past 20 years -
are behind up to a quarter of the world's $US400 billion of outstanding shipping loans, three shipping financiers told Reuters.
These institutions are now
grappling with a near decade-long slump of parts of the shipping sector since the 2008 financial crisis that is also hurting European peers....
South Korean container line Hanjin, which filed for receivership in August, is the latest casualty in a crisis exacerbated by a glut of ships, many of which were
built before the financial crisis when the global economy was healthier.
https://au.finance.yahoo.com/news/german-banks-count-cost-shipping-020130880.html