With banking sectors worldwide still suffering from the effects of the financial crisis, public discussion of plans to place toxic assets in one or more bad banks has gained steam in recent weeks. The following paper presents a plan how governments can effi ciently relieve ailing banks from...

The internationalisation of banking in the industrial countries of the West has picked up speed since the mid-sixties. The American banks in particular have since 1965 almost trebled the number of their foreign establishments, and German banks likewise have been increasing their business...

Worker participation is to be introduced by law in all major German enterprises in 1975 according to Federal Government plans. The new legislation which is to put the principle of the effective equality of labour and capital into practice has encountered fierce criticism, among employers in...

The German Volunteer Service (GVS) is an institution whose cooperation in development aid applies especially to such programmes aimed at making a concrete contribution to the emancipation of economically and socially weak groups. Since 1963 the service has sent more than 4,000 volunteers to...