Re:Deutsche Bank: Germany's Financial Colossus Stumbles
by JumpCrisscross on Friday February 12, 2016 @03:42AM
(#11085969)
Maybe now we'll finally get eurozone-wide mutualised deposit insurance.
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Re:Deutsche Bank: Germany's Financial Colossus Stumbles
by Atropos on Friday February 12, 2016 @08:57AM
(#11087140)
Wouldn't help, Deutsche Bank doesn't have too many retail clients, getting reimbursed for 100.000 Euros of deposits doesn't help the typical corporate client much.
Highly unusual for an investment bank, they acquired Postbank to open up a retail channel, but that is < 5% of the size of Deutsche Bank.
Re:Deutsche Bank: Germany's Financial Colossus Stumbles
by testerooooooo on Friday February 12, 2016 @04:19AM
(#11086091)
Yeah, that will solve it. Just like the eurozone money solved all the problems 15 years ago.
Re:Deutsche Bank: Germany's Financial Colossus Stumbles
by Findeton on Friday February 12, 2016 @04:36AM
(#11086131)
Precisely part of the problem was to give everyone the same currency but make every country fight each other for debt.
Re:Deutsche Bank: Germany's Financial Colossus Stumbles
by cmdkeen on Friday February 12, 2016 @07:32AM
(#11086751)
More precisely everyone got the same currency but didn't have to actually live by the stability pact. The politics of Euro membership were more important than the reality. Greece should never have been allowed to join, France and German routinely ignored the Stability and Growth pact.
The problem with DB is that Germany cannot let it fail because it underwrites its export economy, plus it would be a national humiliation. However bailing it out after imposing austerity on the PIGS, especially Greece would pour fuel on the fire of anti-German sentiment in the EU.