DB Deutsche Bank AG NYSE
Posted on 07/05/2016 12:59:28 AM PDT by Olog-hai
The UK’s decision to leave is already being felt in mainland Europe; the German economy has been hit by the result as well, the president of Germany’s central bank told EurActiv’s partner WirtschaftsWoche.
Jens Weidmann, the president of Deutsche Bundesbank, said that he was very disappointed with the result of the 23 June referendum. “This decision is very unfortunate and is, in my view, a mistake,” Weidmann said at a speech made in Munich.
However, like most high-profile figures commenting on the result, he urged the decision to be respected and dealt with. The banking chief also said that the election showed that there appears to be less and less success in showing people the benefits of the European Union.
Overall, Weidmann assessed the Brexit situation in a similar vein to his European Central Bank counterpart, Mario Draghi, in that what was occurring in the UK is a “political crisis” which must be solved through political means too. …
(Excerpt) Read more at euractiv.com ...
Brexit is the Anglosphere asserting itself!
Ya think?
Deutsche Bundesbank is not Deutsche Bank. The former is the German central bank.
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