Sueddeutsche reports: German banks have 816 bln euros in risky assets

We start in Germany...where a leaked official document published by a newspaper suggests German banks have been much harder hit by the financial crisis than has been made public. Quoting confidential figures from bank watch dog Ba-Fin, the Süddeutsche Zeitung newspaper says German banks have bad debts of more than 800 Bbillion Euros. The finance miniser, Peer Steinbrück, has already dismissed the article, saying the figures have been wrongly interpreted.