A head of Deutsche Bank urges allocate 150,000 million euros to European banks – euronews

The head of Deutsche Bank economist urges a European banking recapitalization plan of 150,000 million euros, by the weakness of the sector. In an interview with the German newspaper ‘Die Welt’, David Folkerts-Landau said this plan unavoidable. For the economic entity responsible for the German, repeated crises and negative rate policy of the ECB it makes it difficult for these entities sufficient levels of profitability. At the time, they are not able to get rid of two billion euros in bad loans.

Specifically, Folkerts-Landau points to 350.000 million dragging the Italian entities.