Quote:
Originally Posted by Jimbuna
^ I'd have thought the Greek and Italian banks would be in a far more precarious position.
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Me too, but the German problems are the Deutsche Bank and especially the socalled
Landesbanken, which usually are heavily interferred with by clueless or retired politicians making decisions without having the competence to evaluate risks, or mistaking their political ideological goals with business reason. The german
Landesbanken should be shut down, imo. They are a major threat to the common interest. Some of them already spelled desaster ten years ago.
Since then, our beloved leader and stealth duck Angela Merkel made sure that Germany mounted even greater risks for the finance mismanagement in other countries. Our soul for the EU. Our last penny for the Euro. Dying we must anyway, so why not for a good cause - or the most tempting of illusions.
