Socio-Economics History Blog

Socio-Economics & History Commentary

‘Europe is SERIOUSLY ILL’ Deutsche Bank Demands £133BILLION Slush Fund from EU Taxpayers

deutschebank_could_collapse_entire_financial_banking_system

  • ‘Europe is SERIOUSLY ILL’ Deutsche Bank Demands £133BILLION Slush Fund from EU Taxpayers
    by SIOBHAN MCFADYEN, http://www.express.co.uk/  
    TROUBLED Deutsche Bank has demanded the EU set aside a huge slush fund to save the continent’s financial system from collapse.

    The news comes after British CEO John Cryan today warned of rapid restructuring as the bank posted a two per cent profit amid its weakening position. According to German media, David Folkerts-Landau, Deutsche Bank’s Chief Economist, said a €150bn (£133bn) pot of cash could be enough to recapitalise the banks. In a bizarre interview Mr Folkerts-Landau said “Europe is seriously ill” and demanded the EU look at bending new rules to avoid disaster.  He told Welt.de: “In Europe the programme does not have to be so big. “With 150 billion euros, the European banks can be recapitalised.

    read more.

end

October 29, 2016 - Posted by | Economics | , , , , , , , ,

1 Comment

  1. […] über ‘Europe is SERIOUSLY ILL’ Deutsche Bank Demands £133BILLION Slush Fund from EU Taxpayers — So… […]

    Pingback by ‘Europe is SERIOUSLY ILL’ Deutsche Bank Demands £133BILLION Slush Fund from EU Taxpayers — Socio-Economics History Blog | behindertvertriebentessarzblog | October 29, 2016


Sorry, the comment form is closed at this time.

%d bloggers like this: