Deutsche Bank’s Chief Economist Calls For 150 Billion Euro Bailout Fund For European Banks

"What we face this time is a slow, long downward spiral": Deutsche Bank's Chief Economist

Deutsche Bank’s chief economist is urging the European Union to set up a 150 billion euro rescue fund to recapitalise European banks. David Folkerts-Landau, in an interview with German newspaper Die Welt, said that is needed to cope with “one crisis after another” even as the European Central Bank’s negative deposit rates and low share prices…

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