'IT'S WAR!' Merkel's Government blasts US over huge £10bn Deutsche Bank fine

'IT'S WAR!' Merkel's Government blasts US over huge £10bn Deutsche Bank fine
 

The German parliament’s economics committee chairman Peter Ramsauer claimed Washington had a “long tradition” of trade wars if it was beneficial to the American economy.
And he said the fine and “extortionate damages claims” over the bank's mortgage-backed securities business before the 2008 global financial crisis bore all the hallmarks of economic warfare.
Mr Ramsauer, a member of the Christian Social Union in Bavaria (CSU) - the sister party of Mrs Merkel's Christian Democratic Union, is a previous Berlin minister.
Another German politician, Markus Ferber, suggested the Deutsche Bank... read more

 
3 October 2016 in World News, Views: 49
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