German lawmakers on Monday criticized deputy finance minister Joerg Kukies and G...
), which unions warn could mean up to 30,000 job cuts, people familiar with the matter say.
“It’s a conflict of interest,” Fabio De Masi, a prominent leftist lawmaker in the German parliament, said, pointing to the state’s 15 percent stake in Commerzbank. Although confirmation of merger talks between Germany’s two largest banks, following months of speculation, has boosted their share prices, it has also triggered opposition and concerns over the impact on employment.
“When 30,000 jobs are on the line, the government must avoid the impression of a conflict of interest,” De Masi added.
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