Deutsche Bank’s Chief Economist Calls For €150 Billion Bailout Of European Banks…(As Bill Holter Said, “It’s Over”)
by Tyler Durden
ZeroHedge.com
Jul 10, 2016
David Folkerts-Landau, the chief economist of Deutsche Bank, has called for a multi-billion dollar bailout for European banks. Speaking to Germany’s Welt am Sonntag, the economist said European institutions should get fresh capital for a recapitalization following a similar bailout in the US. What he didn’t say is that the US bailout took place nearly a decade ago, in the meantime Europe’s financial sector was supposed to be fixed courtesy of “prudent” fiscal and monetary policy. It wasn’t.
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