Decline and fall

7 January 2009 By John Foley

The suicide of German billionaire Adolf Merckle, blamed on financial woes, raises a question: how could a man with E7bn of assets run aground over a mere E400m loan? A double bet on company shares may be one reason along with the difficulty of turning assets into cash.

This content is for Subscribers only

To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)