Why Germany's toxic bank could be the next Lehman: Deutsche shares slump again yet still Merkel refuses to act



The party illustrated how close the German state and a bank were at the peak of European financial power.
As Chancellor Angela Merkel hosted Deutsche Bank boss Josef Ackermann for his 60th birthday in 2008, they looked ahead to a rosy future.
The guests dined on asparagus and veal schnitzel in Berlin's modernist glass and concrete Chancellery, revelling in the institution's reputation for stability and its central importance to the German economy.
Roll forward eight years and Deutsche still plays a vital role in the nation's fortunes. But today it is more like a ball and chain around the... read more

 
29 September 2016 in Business, Views: 49
Source: Daily Mail
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