It didnt work for Holzmann in the late nineties. But
the German government is trying again, with Chancellor Angela
Merkel promising a 1.5 billion ($2.1 billion) bridge loan
to Opel, part of General Motors (GM) European
And, as ever, German insolvency laws are keeping all parties
on their toes.
In 1999, then German Chancellor Gerhard Schröder
promised a 130 million state guarantee to troubled
construction group Holzmann. But he failed to persuade...