Wednesday, July 27, 2005

Spate of scandals busts trust in Germany


And then there were five. Over the past year, Deutsche Bank, DaimlerChrysler, Volkswagen, Infineon and now Commerzbank - five of the 30 companies in Germany's blue-chip Dax index - have been embroiled in scandal and corruption allegations in one way or another.

It is hard to think of a period when so many prominent companies were besmirched in such a short period. Could this be a trend?

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