No end to Deutsche Bank’s problems: new litigations in the US and frailty in EU stress test

Last Wednesday, Deutsche Bank’s shares fell by 4.5% in the first hour of trading in Frankfurt, after the bank released its second quarter results, showing a measly profit of €20 million, in comparison to €818 million last year. The percentage fall of this stock is the biggest ever in such a brief time in the […]

Schaeuble wants IMF out and bailouts ‘a la carte’ with Germany only to gain

Wolfgang Schaeuble, the German Minister of Finance issued an appeal yesterday to European partners to do together whatever it takes, in order to push the International Monetary Fund out of the European Union. Four years ago it was again Schaeuble and Germany the ones who demanded the cooperation of IMF in the first bailout of […]