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Wirecard: German stock star imploded in nine days | Germany

Nine days were enough for the Wirecard to move from pride in Germany to one of the biggest financial shame since the postwar period. Starred on the Frankfurt stock exchange, this finance company – which had a bank license in Germany and acted worldwide as an intermediary in electronic and card payments – is now a bankrupt company under investigation. It leaves creditors on fire with 3500 million euros in debt, there is one manager missing, another on probation and a hole in the two billion euro accounts, money that was thought to have disappeared, but which, after all, may never have existed. Politicians dramatize, promising reforms. Why miss cinema when reality makes it obsolete?

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