Europe’s biggest banks face greater capital shortages than US counterparts; Deutsche Bank has liabilities of €2 trillion - over 80% of the German economy
Sep 24th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Europe's biggest banks face greater capital shortages than their US counterparts, but have become too big for any one European country to save, according to a commentary by European economists Daniel Gros and Stefano Micossi of the Brussels-based Centre for European Policy Studies.