Lloyd Werft Files For Bankruptcy

It is well known and standing procedure in Germany, that for any government subsidy, 10 % of the loan has to be added by the recieving party.

This is not the only loan that was refuced. Annother 70+ Mio Euro loan for the east German yards was bound on the condition, that Genting should pay the outstanding salaries. Genting refuced that. Our government had evidence, that all subsidies were suppost to go to China and they had no plans in saving their enterprises in Germany.

The rats were leaving the sinking ship!

Non honest businesses should not be subsidized with tax payers money. The liquidator is presently trying to sell the yards to some well known European investors with the intention to keep the yards running and to maintain the work force off all yards.

The last thing we want are Chinese locusts playing scorched earth economic imperialism, period.

HTMO9

Crystal Symphony and Crystal Serenity both seized last night near Freeport. Also, Crystal Endeavor under arrest in Argentina.