Every Cloud

From European Tribune, via Neil Clark:

On Thursday, the partial privatization scheme for Deutsche Bahn by the German government was postponed and, according to German commentators, it is unlikely ever to get back on track. The privatization scheme was disrupted by the worldwide financial crisis. Deutsche Welle reports 'The German Government Postpones Deutsche Bahn Share Listing'. The German government has announced that it will postpone an initial listing of shares in the national railway Deutsche Bahn "for at least several weeks," a source close to the matter said on Thursday...

Turbulence on equity markets caused by the international financial crisis prompted the delay of the sale of a 24.9 percent stake, in what is set to be the last major privatisation in Europe's biggest economy.

Handelsblatt, the German business daily says:

The fact is, the already botched, partial privatization of the Deutsche Bahn received on Thursday ... it's death blow. And that's a good thing.

It most certainly is.