This minister of Hessen who suicided was involved in forward payer swaps in order to hedge interest rates.
Read here:
https://www.fr.de/wirtschaft/milliarden-versenkt-13508318.htmlThe loss for the state Hessen because of his speculations was already 3,2 billion Euro when the EZB lowered the interest to zero and there was no hope with the weak Euro countries like Italy Spain Greece etc. to make it higher again.
The loss came because he speculated on growing interest rates for his debts.
I think he knew something about an EZB decision of negative interest rates. This will ruin the state of Hessen.
Perhaps this was meant with:
How we could hear from circles from detectives, Schafer let a suicide note. In this note he stated the causes of his suicide. According to reports Schafer spoke in this note of the hopelessness of the situation of the country towards the situation of the society as well as of the economy. This hopelessness he has related directly to the present situation, that has troubled him much.
Translation by me.
This are my original Ulli thoughts. What is your oppinion?