In an interview with Welt am Sonntag, David Folkerts-Landau, Deutsche Bank's chief economist, said that an injection of fresh capital was needed to help save EU banks, pegging the amount needed to recapitalise at €150bn, according to City A. M.
"Europe is seriously ill and needs to address very quickly the existing problems, or face an accident," Folkerts-Landau told the German newspaper and highlighted that the Italian banks seemed particularly problematic.
Banksters never stop. It's internalize profits and make the public pay for losses.
End the ECB.
-RW
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