Last straw for Merkel? Now Germany’s SECOND largest bank is asking its CUSTOMERS for money
THE European Union’s economic woes will finally hit German taxpayers’ pockets with one of the country’s biggest banks set to introduce fees for basic services.
By NICK GUTTERIDGE AND MONIKA PALLENBERG
Express.co.uk
Thu, Aug 4, 2016
Commerzbank are planning to charge ordinary people for every day transactions as it struggles to cope with the ruinous impact of Brussels’ financial policies.
Industry chiefs said they expect other institutions to follow their lead shortly, raising the spectre of tens of millions of Germans being forced to dip into their own pockets to pay for the EU’s failures.
The stricken bank, whose shares plunged to record lows today, said it had been severely weakened by the European Central Bank (ECB) setting negative interest rates.
It had already performed poorly in a stress test of Eurozone financial institutions last week alongside compatriot Deutsche Bank, raising fears about the strength of the German economy post-Brexit.
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