Deutsche Bank COLLAPSE fear: Britain needs to leave EU quickly, report shows
A NEW report has added to the pressure on the Government to get Britain out of the EU quickly highlighting how the UK taxpayer could be in hock for billions of pounds if the Deutsche Bank collapses.
By DAVID MADDOX
Express.co.uk
Wed, Oct 19, 2016
With Germany’s biggest bank teetering, a private meeting of major investors in London yesterday discussed offloading their assets in the troubled financial giant.
The potential collapse could trigger an economic catastrophe in the EU with Deutsche Bank’s holdings worth two thirds the size of the entire German economy, 25 times bigger than Northern Rock which set off Britain’s 2008 financial crisis when it collapsed.
With a rearguard of so called “Remoaner” MPs try to delay triggering Article 50 and getting Britain out of the EU, a report by thinktank Global Britain has highlighted that unnecessary delay could cost that taxpayer billions.
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