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…
If the EU introduced a similar law they would have to start a programme for building new prisons. The City of London would fill one or two, Volkswagen and Deutsche Bank one as well. Read […]
Once again the European Union demonstrates that commerce and the money that the car industry is raining upon political parties is more important than the health of its citizens. Once again it is the citizens […]
The EU has been lying to its citizens for two years, claiming that Brexit would destroy the British economy while leaving EU business unscathed. How that would be possible if Germany alone has a 40 […]
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