Wirecard scandal: The Scholz's loss of control

forward, Forward, never turn back: True to this motto, a politician who is on the Defensive, submits a plan of action. It must contain at least ten points bette

Wirecard scandal: The Scholz's loss of control

forward, Forward, never turn back: True to this motto, a politician who is on the Defensive, submits a plan of action. It must contain at least ten points better a dozen. The German Finance Minister, Olaf Scholz, brings it even to 16. This gives an idea of how big the Need is, the SPD politician with ambitions, after the Wirecard-case reaches with a Bang, the Berlin stage. The financial services provider that was built on gambling and Sex shops in the Internet and it is up in the leading index of the stock market has done, is imploding. Of warnings there has been. However, the German financial Supervisory authority ran empty. There was a year-long manipulations and corresponding notes. However, the Ministry of Finance subordinate authority pursued, especially short sellers, and those who have early reported about maladministration.

in the Future everything will be better. Scholz wants to strengthen the financial Supervisory authority Bafin: more money, more staff, more rights. Whistleblower could get more incentives to share their information. Also to be ensured that these thickeners in the authority verse. The should sound to Tackle, but it is proof of helplessness. Of warnings it has not been a shortage, but on the handle. In the Ministry of Finance to show the legal restrictions that had prevented a vigorous Intervention. But if there were no laws, would be Scholz to reforms. If the frame has not voted in Europe, he would have had to Changes in demand.

Updated Date: 24 July 2020, 13:20

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