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