Siemens fears for its money and gets the French into trouble. Not having a large enough mattress under which to hide the banknotes, the German electronic giant withdrew 500 million euros deposited with the French bank Société Générale to put it away in the coffers of the European Central Bank. The news was released today by the Financial Times, which reveals how the operation was carried out two weeks ago.
According to some sources cited by France Presse, the company denies having moved its money for fear of a bankruptcy of the French bank: “Siemens had a medium-term investment line at Société Générale – they explain -. Once the deadline was reached, Siemens, which has its own bank, decided to place the product with the ECB, where the yields are higher than those offered by the banks".
