‘Europe is SERIOUSLY ILL’ Deutsche Bank demands £133BILLION slush fund from EU taxpayers
TROUBLED Deutsche Bank has demanded the EU set aside a huge slush fund to save the continent’s financial system from collapse.
By SIOBHAN MCFADYEN
Express.co.uk
Thu, Oct 27, 2016
The news comes after British CEO John Cryan today warned of rapid restructuring as the bank posted a two per cent profit amid its weakening position.
According to German media, David Folkerts-Landau, Deutsche Bank’s Chief Economist, said a €150bn (£133bn) pot of cash could be enough to recapitalise the banks.
In a bizarre interview Mr Folkerts-Landau said “Europe is seriously ill” and demanded the EU look at bending new rules to avoid disaster.
He told Welt.de: “In Europe the programme does not have to be so big.
“With 150 billion euros, the European banks can be recapitalised.
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