Deutsche Bank calls for 150 Billion euro Bank bailout
Duncan Richardson, News Editor
11 Jul 2016, 10:43 a.m.
The European banking system needs a €150 billion bailout according to Deutsche Bank's chief economist, David Folkerts-Landau.
According to Folkerts-Landau, Europe is extremely sick and must deal with its structural problems now or there is going to be a financial accident.
In the aftermath of
Ironically the crisis has now spread to Germany. Last Thursday German Lender Breman Landesbank was reported to be on
The Bloomberg Europe 500 Banks and Financial Index has plummeted 33% in 2016. Europe’s largest bank, Deutsche Bank, has retreated 48% over the same period.