Monday, July 11, 2016

Deutsche Bank Chief Economist Calls for Bailout of European Banks

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.


No comments:

Post a Comment