Word: gemeinwirtschaft
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Dates: during 1960-1969
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...biggest housing construction company, and share with cooperatives ownership of its second-ranked deep-sea fishery and the largest cut-rate life insurance company in Europe. Labor's proudest possession is one of the world's few union-owned banks, the Frankfurt-based Bank fur Gemeinwirtschaft, which lately has been engaged in the highly capitalistic practice of gobbling up competitors: it has just bought control of Cologne's Bau- und Handelsbank and Frankfurt's Investitions-und Handelsbank...
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