Germany, the Banking Association: It is difficult to name the exact amount of bad assets

It is impossible to predict the amounts of toxic assets in the banking crisis, Germany, said the head of the German Banking Association. «We can not say the exact amount, but it will clearly be less than 850 billion euros», - said prezidentAssotsiatsii Andreas Schmidt. On Tuesday morning, the newspaper Frankfurter Allgemeine Zeitung wrote in an article that there is a risk that the total amount of toxic assets will exceed 853 billion euro. Leaders of the coalition government will hold a meeting on Thursday with representatives of the banking industry and observers to discuss the model to derive «insolvent assets» of the balance sheets of banks.