Deutsche Bank
Economy
Josef Ackermann Says Greek Default Would Be ‘Playing With Fire’
The economic and political consequences of Greece defaulting instead of reaching a voluntary debt-restructuring deal are being underestimated, Deutsche Bank AG (DBK) Chief Executive Officer Josef Ackermann said.
“Default risk is much higher than what people normally take into account,”...
Economy
Deutsche Bank CEO Says Greece Must Not Exit the Eurozone
Deutsche Bank CEO Josef Ackermann said on Sunday, November 6, that a Greek exit from the Eurozone should not even be considered as a possible future scenario if European leaders wish to prevent contagion of the Greek debt crisis...
Economy
Greece’s Next Plan: Pay You Back in 100 Years
ATHENS - Struggling to pay back international investors who are demanding – and getting – usurious interest rates nearing 70 percent for two-bonds, Greece is reporting considering a new idea to pay them back – in the 22nd Century.
One...