‘We should nationalise German banks’ Warning Deutsche Bank teetering on edge of CRISIS

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Deutsche Bank headquarters in Frankfurt

 

A TOP economist has warned that Germany’s biggest bank is teetering on the edge of crisis and they only way to protect it against future shocks is to nationalise it.

Martin Hellwig said stress tests carried out by the European Central Bank revealed the Deutsche Bank would be left in a precarious position in the event of another financial crisis.

While it would probably not go bust in a fresh downturn – he predicted the bank which is crucial to the German economy would face serious equity problems.

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