Europe urgently needs a fund for the protection of the banks worth 150 billion euro, to allow and facilitate the recapitalization of troubled institutions, but not exclusively Italian. The request is surprising because it comes from Germany. In fact it is the chief economist of Deutsche Bank in a Sunday interview with Welt am Sonntag .
“Europe is very ill and must begin to address its problems with extreme quickly “otherwise it can end badly, said David Folkerts-Landau, explaining that it is not” a prophet of doom, but a realist. “
Read more the chief economist of Deutsche Bank also explained not to expect a financial crisis like the one in 2008: “banks are much more stable now,” but that we face at this time is a slow, long spiral towards bass. So far this year, the European sector index lost on the stock exchange 33%, slipping to its lowest level in seven years. The price of Deutsche Bank fell by 48% over the same period. Folkerts-Landau recently he said to have bought 100 thousand shares of Deutsche Bank as a sign of confidence in the bank. Today and tomorrow in Brussels has planned a double summit between the finance ministers (Eurogroup and Ecofin) very expected to discuss their interventions in favor of the European banking system. For Italy participates Economy Minister Pier Carlo Padoan. © All rights reserved
Deutsche Bank and Monte Paschi: joint pain, no joy
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