“Europe is extremely sick and must start dealing with its problems extremely quickly, or else there may be an accident. I’m no doomsday prophet, I am a realist,” he said in an interview to Welt am Sonntag. “In Europe, the bailout does not need to be so large. A €150 billion program should be enough to help European banks recapitalize,” he said.
To be noted is that Deutsche Bank AG is the riskiest financial institution in the world as a potential source of external shocks to the financial system, according to the International Monetary Fund. (Wall Street Journal)