The Minister on Insolvency

In September 2022, during the energy crisis, Economics Minister Robert Habeck was asked on the ARD talk show Maischberger whether bakeries and other small firms faced insolvency. He answered: Und dann sind die nicht insolvent automatisch, aber sie hören vielleicht auf zu verkaufen. Then they are not automatically insolvent, but they may stop selling. The trade paper Deutsche Handwerks Zeitung wrote of the Unkenntnis, the lack of knowledge, that the minister partly showed. Two days later the president of the Leipzig chamber of crafts said the minister was not familiar nicht einmal mit dem kleinen Einmaleins der Betriebswirtschaftslehre, not even with the basic times table of business administration. The chamber offered to put together a training course in insolvency law for him.

understand-culture
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.