With Deutsche Bank credit risk exploding and stock price collapsing to record lows, despite the CEO’s “rock solid” affirmations, there is only one way to know just how real a crisis this is… when government officials issue ‘denials’.
German Finance Minister Wolfgang Schaeuble says he isn’t worried about Deutsche Bank.
“No, I have no concerns about Deutsche Bank,” Schaeuble says
Schaeuble comments to Bloomberg Television after press conference in Paris.
We suspect this is Schaeuble’s “Contained” moment as markets – the ultimate arbiter of truth – tell a very different story…
So when does Schaeuble get “concerned?”