On of the most remarkable news facts this week must have been the comments by Deutsche Bank's CEO, Josef Ackermann. In a very contradictory statement, Ackermann said that he disagrees with IMF's Christine Lagarde who urged for a massive forced recapitalization of European Banks. On the other hand, if European banks were to mark-to-market their losses on sovereign debt a lot of banks would not survive.
Did this guy completely lose his mind, or is their some dangerous French-German political game going on?
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http://www.businessspectator.com.au/bs.nsf/Article/banks-banking-GFC-eurozone-Europe-IMF-Lagarde-Jose-pd20110906-LFB8B?OpenDocument&src=sph
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