Germany predict the financial crisis that the world will now take place until the end of 2009. For years, Germany must set the cost for the rescue program.

"Risk collaps (fall) is still far from over. But it will be a mistake if a warning or alarm removed," said Finance Minister Peer Steinbrueck in discussion with Sonntag such as the Weekly This AFP on Saturday (25/10/2008).

Germany has issued a crisis rescue package worth 480 billion euros, or U.S. $ 610 billion that was approved last week to help banks until next year.

"And we will ensure that the needs for and how long time," he said.

"We do not know if this cost saving, including the cost of rill in the years 2010 and 2013," he added.

Banks in Germany itself is still reluctant to ask for help because they fear the government will lose more otonominya and choose its partners to seek a loan.

Steinbrueck has also received support for the government to balance the federal budget and the year 2011 where the repositioning has also adopted by the German Prime Minister Angela Merkel.

Germany this year have equalize public budget with the federal government budget, including the budget for local and social security account, although the federal budget itself is still red. This financial crisis will not be to threaten the government budget in the year 2011.

German economy on Friday (24/10/2008) get bad news from the automotive manufacturer Volkswagen. VW menumumkan will cut production but still hope we can maintain the sales target in the year 2008. reported by detik finance