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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 395.80

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Dec 15 4:00 PM EST

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To: Haim R. Branisteanu who wrote (81556)	10/18/2011 1:15:33 AM
From: elmatador	Read Replies (1) of 218509

Josef Ackermann, head of Deutsche Bank AG and chief lobbyist for the world's largest financial firms, has pressed European leaders for months to devise a strategy to stamp out the sovereign debt crisis. Now that European Union officials are moving toward an agreement that may include bigger losses on Greek debt holdings and the forced recapitalization of lenders, the Deutsche Bank chief executive officer and Washington-based Institute of International Finance he chairs are pushing back. He travels to Brussels this week for talks with policy makers. Deutsche Bank, which navigated the financial crisis in 2008 without a government capital injection, will “do everything” not to take money from the state as part of assistance efforts for European banks, Ackermann said in a speech last week, when he criticized the EU's plans. news.businessweek.com Those bonuses will be severely curtailed. They will have to cut jobs and save. World economy hostage to a bunch of German bankers!

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