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Goldman Germany head sees credit crisis rumbling on

Sat Oct 27, 2007 10:09am EDT
 
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FRANKFURT, Oct 27 (Reuters) - The crisis in the credit markets will continue to weigh and is not over yet, the head of U.S. investment bank Goldman Sachs' (GS.N: Quote, Profile, Research, Stock Buzz) Germany division told Der Spiegel magazine.

"I believe that we still do not know all the risks," Alexander Dibelius was quoted as saying in a preview of Monday's edition.

Given how widely risks were spread out, markets had for a long time not known who was most hit by market turbulence and by how much, Dibelius said.

The banker advocated "quickly swallowing the bitter medicine" needed to overcome the crisis so that the recovery can begin.

 

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