Thursday, August 13, 2020

Scholz calls for more rights for financial supervision

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Mr Scholz, the Wirecard scandal was uncovered by British journalists, the diesel scandal by the American authorities. Is Germany a banana republic where criminal managers can do what they want?

Ralph Bollmann

Correspondent for economic policy and deputy head of economy and “Money & More” of the Frankfurter Allgemeine Sonntagszeitung in Berlin.

Marcus Theurer

Marcus Theurer

Editor in the economy of the Frankfurter Allgemeine Sonntagszeitung.

I think such attributions are nonsense. Germany is an efficient state with proper authorities, as has just been shown in the Corona crisis. The Wirecard case may show how important it is to sharpen instruments again and again if they are not sufficient in practice. Since taking office, for example, we have tackled grievances in the fight against undeclared work and have set up the responsible authorities in such a way that they can work much more effectively. The same applies to combating tax evasion. And now it is time to draw the right conclusions from the disaster Wirecard.

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