Deutsche Bank: the next financial crisis is here and the lenders need €150 billion from taxpayers

Last Monday David Folkerts-Landau, the chief economist of Deutsche Bank, the ailing largest lender of Germany, in an interview with the prestigious newspaper ‘Die Welt’ stated that European banks must be subsidized with €150 billion in rescue money to recapitalize. Obviously, it will be the taxpayers to once more provide the capital the euro area […]

ECB to buy corporate bonds: Will government financing be the next step?

Last Monday, the European Central Bank initiated its covered bank bonds buying programme. But it wasn’t until the major international news agencies started reporting information early on Tuesday from ECB unidentified sources about its plans for corporate bond purchases too, and only then the central bank policies had an immediate and conspicuous effect on real […]