Tuesday October 21, 2014 Search
Weather | Athens
24o C
16o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Deutsche Bank sees eurozone remaining intact

Deutsche Bank, Germany's largest bank, expects the eurozone to remain intact and its slow pace of recovery to create opportunities for outside investors, its co-chief executive said on Wednesday.

Deutsche Bank AG's Anshu Jain told business leaders in Dubai that the chances of a country leaving the single currency bloc had diminished.

Fears of a so-called peripheral eurozone state such as Greece leaving the currency union have haunted both markets and politicians as the region's debt crisis has unfolded.

"Fundamentally, we believe the eurozone will remain intact,» Jain said, saying «the market-implied volatility of a peripheral country defaulting or leaving the eurozone has receded».

Attempts to get Greece's debt down to a sustainable level have so far stumbled, with the country's international lenders failing to agree a deal overnight for the second week running.

Jain used his visit to the Gulf region to highlight the opportunities for its sovereign wealth funds to invest in Europe at a time when many of the European Union's economies are struggling to kick-start their economies.

European leaders have flocked to the Gulf states, which have built up large reserves as a result of their oil revenues, to try to drum up investment interest in their economies.

"I think the eurozone will be stable, unexciting but stable and something for outside investors to look to as there is still value,» Jain, who is in the Gulf for a week, said.

He also predicted that the world's banking industry would shrink dramatically as a result of the regulations that have followed the financial crisis, warning that regulation could hit the supply of credit to the economy.

"By the time we are finished with the unintended consequences of regulation, my feeling is we will have five to six (global) banks remaining,» Jain said.

He predicted his own bank would be one of those left standing.

"Whilst regulation is understandable and desirable, over-regulation would carry the risk of unintended consequences - for example, potentially lessening the supply of credit."

[Reuters]

ekathimerini.com , Wednesday November 21, 2012 (15:04)  
At loggerheads over role of the IMF
Hong Kong telecom group buys out Greek start-up
Local tourism could see more arrivals, investments next year
Troika exerts pressure using return date
Wage dispute hurts gov’t unity before troika return
Changes to the public sector wage structure are at the heart of a dispute within the coalition that has raised concerns about whether the government will be in a position to negotiate effect...
Most Britons want to see Parthenon Marbles back in Athens, poll shows
The majority of Britons think that their country should return the Parthenon Marbles to Greece, a new poll has found. According to the survey, which was conducted by the YouGov international...
Inside News
BASKETBALL
PAOK fans stop coach Markopoulos´s move to Olympiakos
Olympiakos is once again in the lookout for a new coach after the refusal of PAOK to release Soulis Markopoulos, while Panathinaikos defeated Kolossos on Rhodes on Monday to become the only ...
BASKETBALL
Reds lose to Nea Kifissia, search for new coach
Nea Kifissia recorded the biggest win of its short history in the top flight defeating Olympiakos 68-67 on Sunday, in a Basket League weekend marred by the abandonment of the Thessaloniki de...
Inside Sports
COMMENTARY
Stop moaning and get in the game
There are so many people who love spending their days talking about the crisis and proclaiming that they know exactly what needs to be done to solve the country’s problems. Some of them obvi...
EDITORIAL
Exorcising the ghosts
Developments last week held in store an uncomfortably realistic understanding of the risks engulfing the country. The massive sell-off in Greece’s stock and bond markets was a strong shock. ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. PAOK fans stop coach Markopoulos´s move to Olympiakos
2. At loggerheads over role of the IMF
3. Hong Kong telecom group buys out Greek start-up
4. Local tourism could see more arrivals, investments next year
5. Troika exerts pressure using return date
6. Wage dispute hurts gov’t unity before troika return
more news
Today
This Week
1. Greece must stick to reforms, says Schaeuble
2. Bakers encircle Thessaloniki's White Tower with giant 'koulouri'
3. Turkish vessel enters Cypriot Exclusive Economic Zone
4. European leaders pivot back to debt crisis after wake-up call
5. Hardouvelis does not see 'big surprises' in ECB stress tests
6. Stop moaning and get in the game
Today
This Week
1. Possible third figure in Amphipolis mosaic may be uncovered shortly
2. Greece to contribute 1 mln towards Gaza reconstruction
3. Greece nearing bailout exit, says gov't spokesperson after IMF talks
4. Istanbul skyscraper casts shadow over Greece's banking ambitions
5. Coalition shooting itself in the foot
6. GPO poll gives SYRIZA clear lead over New Democracy
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.