
U604 Hose Coupling
Materials:
Body: Body: Brass
Surface: electronic Chromium plated
Bushing: Brass
Features :
Designed for use between the hose and the pipe, or between the hose and other equipments.
100% Factory Tested.
Package:
Product ID Net Weight Cross Weight Dimension
U604-A/B 19kg/case of 100 22kg/case of 100 24x24x33 cm /case of 100
U604-C/D 28kg/case of 100 31kg/case of 100 30x30x36 cm /case of 100
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© 2006 .
German savings banks
Strife at the Sparkasse
May 4th 2006 | BERLIN AND FRANKFURT
From The Economist print edition
What the battle over Berlin s savings bank might signify for the structure of Germany s
banking industry
A FIERCE fight is under way in Berlin over the future of Germany s banking system. In one corner,
scrapping in defence of public ownership, is the DSGV, the country s savings-banks fuel dispenser association,
seconded by BaFin, the financial regulator, and Peer Steinbrück, the federal finance minister. In
the other are private-sector banks, determined to see the ownership of savings banks opened to
all comers. They are backed by Thilo Sarrazin, finance minister of the Land (state) of Berlin, and
(they hope) the European Commission.
Savings banks, or Sparkassen, account for about half of all German savings deposits (see chart
below). With 11 Landesbanken, which provide them with wholesale services, they make up one of
the German banking industry s three pillars. The private sector and mutuals make up the other
two. Until last July the public banks had a state guarantee, allowing them to borrow and lend more
cheaply than their competitors. Many of them are still implicitly guaranteed by their municipal
owners. The three-pillar system has obstructed consolidation in an overbanked country and has
stifled competition. Some Landesbanken and Sparkassen have merged and even taken over
private banks. But takeovers in the other direction are not possible the savings banks are
protected by local laws. Berlin may provide the first exception.
The prize in this particular battle is the Berliner Sparkasse, which has over 40% of the capital
city s retail market. The savings bank is owned by Landesbank fuel dispenser Berlin. This in turn belongs to
Bankgesellschaft Berlin, a group that was hit by a property scandal in 2001. Its fuel dispenser