Saturday, May 01, 2010
Deutsche Bank organises a whip-round
FT: Germans consider private bail-out
A group of German banks and other companies is considering a private-sector contribution to the international bail-out for Greece as a conciliatory step intended to smooth the way for German politicians to approve the unpopular aid.
Josef Ackermann, chief executive of Deutsche Bank, is leading efforts to garner support from banks, insurers and other companies, a person familiar with the talks said
Posted by devo @ 01:04 AM (468 views) Add Comment
1 Comment
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1. general congreve said...
Of course they are. If Greece goes under and we get the domino effect, it'll be the banks that fail cos they lent all the money to these over-indebted countries. It's all looking wonderfully cataclysmic. Got my gold, got yours? :)