Fundamentally, this proposed merger isn’t about creating a robust and profitable bank. It is all about German politics. Germany would suffer considerable loss of face if its largest bank were forced into the ignominious European bank resolution procedure, with creditors bailed in and shareholders wiped. How the Italians would laugh…
The latest ILO data on the labour market impact of the COVID-19 pandemic reveals the devastating effect on workers in the informal economy and on hundreds of millions of enterprises worldwide. Read here
To give you an idea of how hard hit the economies of Southern European nations were hit by the coronavirus crisis: the total expenditure by tourists resident abroad whose main destination is Catalonia was 432 […]
Towards the end of World War II as it was clear that the Germans had lost the war, Hitler informed his the Germans of “wonder weapons” (Wunderwaffen) that would bring victory. The Germans cheered madly. […]
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