Word: erttemberg
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Dates: during 2000-2009
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Facing financial difficulty, Merckle appealed to the government of his home state of Baden-Wüerttemberg in November for help and was rejected. Hearing news of Merckle's death, Baden-Wüerttemberg's conservative premier, Günther Oettinger, said the state had lost a great entrepreneur. "News of Adolf Merckle's death left me deeply shaken," he said...
Merckle's investment company, VEM, owes banks €5 billion. For the past two months, Merckle had been entrenched in negotiations with some 40 banks, including Commerzbank AG, Deutsche Bank AG, Royal Bank of Scotland Group PLC and public bank Landesbank Baden-Wüerttemberg, to get a bridge loan to keep VEM afloat...
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