Angela Merkel 'cannot afford' to bailout Deutsche Bank even if Germany wanted to

Angela Merkel 'cannot afford' to bailout Deutsche Bank even if Germany wanted to
 

The German Chancellor cannot afford to bail out Deutsche Bank given the hard line Berlin has taken against state aid in other European nations and the risk of a political backlash at home, according to reports.
The government denied claims earlier this week that it was working on a rescue plan for Germany's biggest bank, as its shares went into a tailspin fuelled by a demand for up to $14 billion from U.S. authorities for misselling mortgage-backed securities before the financial crisis.
Germany, which has insisted Italy and others accept tough conditions in tackling their problem lenders,... read more

 
1 October 2016 in World News, Views: 43
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