US accused of waging economic war on Deutsche Bank

Global Geopolitics called it, you witnessed it: The United States and Germany, though the European Union it dominates and runs, are locked in economic warfare against one another.

It’s a very dangerous game America is playing by trying to gut the largest economy in the world, the European Union, especially when nations are beginning to jump to the Sino-Soviet bloc.

 

German parliament’s economics committee chairman Peter Ramsauer says he believes the $14 billion fine being leveraged against Deutsche Bank is part of a long US tradition of waging trade and economic war.

  • Ramsauer to Welt am Sonntag: Washington has a “long tradition” of waging trade wars, if they are favorable to the US economy, and the Deutsche Bank case is an example of that.
  • “The threat to force Deutsche Bank to pay a $14 billion fine over its mortgage-backed securities business before the 2008 global crisis has the characteristics of an economic war.”
  • “Extortionate damages claims” in the case are an example of that.” Continue reading

NYSE Euronext merger with Deutsche Boerse blocked by EU

Not only would it have controlled over 90% of the European derivatives market, it would’ve also have made Frankfurt the finance capital of the world.

NYSE Euronext’s proposed merger with Deutsche Boerse has been blocked by the EU on competition grounds.

The proposed deal would have created the world’s largest stock exchange operator.

However, the European Commission blocked the deal because it said it would have created a “near monopoly” in European financial derivatives.

The European Commission said the planned tie-up would have controlled more than 90% of global trade in European financial derivatives.

Full article: NYSE Euronext merger with Deutsche Boerse blocked by EU (BBC News)