Deutsche CEO Ackerman: Deutsche Bank will do everything to avoid forced recapitalisation

  • Our duty to hold Greek bonds has cost us 400 mln euros this year (my heart bleeds)
  • We cannot allow ourselves to have rescue funds above a certain size, public and courts would not allow it
  • Must start ensuring that banks can get long-term capital on markets, at the moment that is close to impossible
  • We cannot avoid creating a more integrated political, economic union in Europe
  • To avoid crises, we need a unified Europe in the long-term and one political voice which can speak for all Europe

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